Brenmiller Energy Ltd. Announces Expected Implementation of 7-for-1 Reverse Share Split
Rhea-AI Summary
Brenmiller Energy (Nasdaq:BNRG) expects to implement a 7-for-1 reverse share split after market close on January 23, 2026, with post-split trading to begin on January 26, 2026 under the existing symbol BNRG.
Following the split, issued and outstanding ordinary shares will be reduced from 5,010,962 to 715,852 (pro rata). The company's authorized share capital will remain at 150,000,000 ordinary shares and 25,000 preferred shares. Preferred shares will not be reduced; their conversion ratio will be adjusted proportionally. No fractional shares will be issued; fractional holdings will be rounded to the nearest whole ordinary share under the company's Articles of Association.
Positive
- Outstanding shares reduced from 5,010,962 to 715,852
- Post-split trading continues on Nasdaq under existing symbol BNRG starting January 26, 2026
Negative
- Fractional share rule may result in rounding that leaves some holders without an additional consolidated share
News Market Reaction
On the day this news was published, BNRG declined 3.24%, reflecting a moderate negative market reaction. Argus tracked a peak move of +25.5% during that session. Argus tracked a trough of -6.0% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $80K from the company's valuation, bringing the market cap to $2M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
BNRG was down 3.24% while key renewables peers were mixed: HTOO +4.2%, VGAS +2.41%, and others modestly negative. Moves do not indicate a coordinated sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 09 | Leadership award | Positive | -2.4% | CEO received Merage DeserTech Industry Leader climate innovation award. |
| Dec 22 | Shareholder letter | Positive | +14.6% | Year-end letter detailed 2025 progress and 2026 revenue opportunities. |
| Nov 18 | Conference update | Positive | +2.5% | Executive participation at Enlit Europe 2025 on storage and AI panels. |
| Nov 03 | Technology award | Positive | -2.0% | bGen ZERO won POWER 2025 Commercial & Industrial Generation Award. |
| Sep 30 | Earnings update | Negative | -8.1% | H1 2025 results showed losses and equity financing alongside revenue growth. |
Recent positive corporate and recognition news has produced mixed reactions, with some selloffs even on seemingly favorable updates, while earnings-related news saw a more clearly negative response.
Over the last few months, Brenmiller highlighted awards, conferences, and strategic progress. On Sep 30, 2025, H1 2025 results showed growing revenue but continued losses and equity financing, and the stock fell 8.14%. Later, technology awards and recognition, including the POWER 2025 and Merage DeserTech honors, were followed by modest negative moves of ~2%. A shareholder letter on Dec 22, 2025 outlining a $1.7M 2026 revenue pipeline coincided with a 14.63% rise. Today’s reverse split follows this backdrop of execution messaging amid persistent share price weakness.
Regulatory & Risk Context
An effective Form F-3/A shelf dated Nov 5, 2025 registers up to 6,643,356 ordinary shares for resale by a selling shareholder, tied to preferred share conversions and warrant exercises, which could add secondary selling pressure over time.
Market Pulse Summary
This announcement details a 7-for-1 reverse split cutting outstanding ordinary shares from 5,010,962 to 715,852, while authorized capital of 150,000,000 ordinary and 25,000 preferred shares stays unchanged. It follows prior share consolidations and capital-raising steps seen in recent filings. Investors may track how the reduced share count, unchanged authorization, and the effective F-3/A registering 6,643,356 resale shares interact with Brenmiller’s execution on previously outlined revenue and project milestones.
Key Terms
conversion ratio financial
Nasdaq Capital Market financial
AI-generated analysis. Not financial advice.
ROSH HA'AYIN, ISRAEL / ACCESS Newswire / January 21, 2026 / Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy" or the "Company") (Nasdaq:BNRG), 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 7-for-1 is expected to be implemented after market close on January 23, 2026. The Company's Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on January 26, 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 January 13, 2026 (the "Meeting").
Following the reverse share split, the Company's outstanding Ordinary Shares will be reduced from 5,010,962 Ordinary Shares to 715,852 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, 2024 filed with the U.S. Securities and Exchange Commission ("SEC") on March 4, 2025, 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: investors@bren-energy.com
SOURCE: Brenmiller Energy
View the original press release on ACCESS Newswire
FAQ
What is the reverse share split ratio for Brenmiller Energy (BNRG) and when is it effective?
How many shares will Brenmiller Energy (BNRG) have outstanding after the 7-for-1 reverse split?
Will Brenmiller Energy (BNRG) keep the same ticker after the reverse split?
What happens to Brenmiller Energy preferred shares after the reverse split?
Will Brenmiller Energy (BNRG) issue fractional shares as part of the reverse split?
Does the reverse split change Brenmiller Energy's authorized share capital?
