Brenmiller Energy Ltd. Announces Expected Implementation of 5-for-1 Reverse Share Split
Rhea-AI Summary
Brenmiller Energy (NASDAQ: BNRG) announced a 5-for-1 reverse share split expected to be implemented after market close on April 14, 2026, with post-split trading beginning April 15, 2026 under the existing symbol BNRG.
Outstanding ordinary shares will be reduced from 2,577,327 to 515,465. Authorized share capital remains unchanged at 150,000,000 ordinary shares and 25,000 preferred shares. Preferred share conversion ratios will be adjusted proportionally. Fractional shares will be rounded per the Articles of Association.
AI-generated analysis. Not financial advice.
Positive
- Outstanding ordinary shares reduced ~80% to 515,465
- Post-split trading continues under ticker BNRG on April 15, 2026
Negative
- Fractional shares rounded per Articles; shareholders with ≤ half consolidated share may not receive a whole share
News Market Reaction – BNRG
On the day this news was published, BNRG gained 0.03%, reflecting a mild positive market reaction. This price movement added approximately $427 to the company's valuation, bringing the market cap to $1.42M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BNRG was down 3.47% while peers were mixed: HTOO down 2.20%, SUUN up 5.98%, and others modestly negative, indicating this reverse split news is more stock-specific than sector-driven.
Previous Stock split Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | Reverse share split | Neutral | +6.3% | Announced 7-for-1 reverse split reducing ordinary shares outstanding. |
| Jun 18 | Reverse split comment | Neutral | +5.8% | Commentary on reverse split and commercial pipeline ahead of milestones. |
| Jun 17 | Reverse share split | Neutral | -19.6% | Announced 5-for-1 reverse split cutting shares to 2,725,852. |
Recent reverse split announcements have produced mixed reactions, including both sharp gains and a double‑digit decline, indicating no consistent pattern for this tag.
Over the past year, Brenmiller has repeatedly used reverse share splits, including 7-for-1 and 5-for-1 actions announced on Jan 21, 2026 and Jun 17, 2025. These moves reduced outstanding ordinary shares while leaving authorized capital unchanged and adjusting preferred share conversion ratios. Price reactions around these stock split announcements ranged from a +6.3% gain to a -19.58% drop, underscoring volatile, event-driven trading around similar corporate actions.
Historical Comparison
In the past year, Brenmiller reported 3 stock-split announcements, with an average move of -2.48% the following day, showing historically mixed but slightly negative reactions.
The company has executed multiple reverse share splits (including 5-for-1 and 7-for-1) across 2025–2026, repeatedly reducing outstanding ordinary shares while keeping authorized capital unchanged and adjusting preferred conversion ratios.
Regulatory & Risk Context
An effective Form F-3 filed on Mar 16, 2026 registers up to 4,055,403 Ordinary Shares for resale by Alpha Capital Anstalt, tied to preferred share conversions and warrant exercises. The company will not receive resale proceeds other than potential warrant exercise cash, and the filing highlights Nasdaq listing and dilution risks from outstanding warrants and anti-dilution provisions.
Market Pulse Summary
This announcement details a 5-for-1 reverse share split reducing outstanding Ordinary Shares from 2,577,327 to 515,465 without changing authorized capital of 150,000,000 ordinary and 25,000 preferred shares. Preferred conversion ratios will be adjusted and fractional shares rounded. Historically, Brenmiller’s reverse split news produced mixed moves, with an average same-tag reaction of -2.48%. Investors may also track the effective Form F-3 registering 4,055,403 shares for resale and previously disclosed dilution risks.
Key Terms
conversion ratio financial
Nasdaq Capital Market regulatory
AI-generated analysis. Not financial advice.
Rosh Ha'ayin, Israel--(Newsfile Corp. - April 10, 2026) - Brenmiller Energy Ltd. (NASDAQ: BNRG) ("Brenmiller", "Brenmiller Energy" or the "Company"), a leading global provider of Thermal Energy Storage ("TES") solutions for industrial and utility customers, today announced that a reverse share split of its issued and outstanding ordinary shares, no par value per share (the "Ordinary Shares") at a ratio of 5-for-1 is expected to be implemented after market close on April 14, 2026. The Company's Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on April 15, 2026 under the Company's existing trading symbol "BNRG".
The reverse share split was approved by the Company's shareholders at the Company's Special General Meeting of Shareholders held on March 31, 2026 (the "Meeting").
Following the reverse share split, the Company's outstanding Ordinary Shares will be reduced from 2,577,327 Ordinary Shares to 515,465 Ordinary Shares, proportionate to the approved reverse split ratio. The Company's authorized share capital will not be impacted by the implementation of the reverse share split and will remain 150,000,000 ordinary shares and 25,000 preferred shares following the consummation of the reverse share split.
The Company's preferred shares, no par-value each (the "Preferred Shares"), shall not be reduced as a result of the reverse share split; instead, the applicable conversion ratio of the Preferred Shares shall be proportionally adjusted to reflect the reverse share split.
No fractional shares will be issued as a result of the reverse split. In accordance with the Company's Articles of Association, all fractional shares will be rounded to the nearest whole Ordinary Share such that only shareholders holding fractional consolidated shares of more than half of the number of shares which consolidation constitutes one whole share shall be entitled to receive one consolidated share.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen™ ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at https://bren-energy.com/ and follow the company on X and LinkedIn.
Forward-Looking Statements:
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements when discussing the implementation of the reverse share split. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this press release. Factors that may affect the Company's results include, but are not limited to: the Company's planned level of revenues and capital expenditures; risks associated with the adequacy of existing cash resources; the demand for and market acceptance of our products; impact of competitive products and prices; product development, commercialization or technological difficulties; the success or failure of negotiations; trade, legal, social and economic risks; and political, economic and military instability in the Middle East, specifically in Israel. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's Annual Report on Form 20-F for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission ("SEC") on March 25, 2026, which is available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Crescendo Communications, LLC
212-671-1020
bnrg@crescendo-ir.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291762