Brenmiller Energy (NASDAQ: BNRG) secures $1M tranche with new conversion terms

Rhea-AI Filing Summary

Brenmiller Energy Ltd. completed another funding tranche with Alpha Capital Anstalt, raising $1,000,000 on March 10, 2026 under a previously agreed $25 million securities purchase agreement. The company issued 1,000 preferred shares with a stated value of $1,000 each, convertible into ordinary shares at a fixed price of $1.222 per share, plus ordinary warrants to purchase 343,407 ordinary shares at an exercise price of $2.912 per share. The warrants are exercisable immediately and expire five years from first exercise. Net proceeds are earmarked for general corporate purposes, working capital and commercial thermal energy storage projects in Europe, the U.S. and the Middle East. The new pricing resets the conversion price of all previously issued preferred shares under the agreement to $1.222 per share under anti-dilution provisions. The securities were issued in a private placement exempt from registration, and the company has agreed to register the resale of the underlying ordinary shares.

Insights

Capital markets & dilution analyst

$1M private funding adds capital and increases equity overhang.

Brenmiller Energy drew another $1,000,000 from its up-to-$25 million agreement with Alpha Capital via convertible preferred shares and five-year warrants. This structure mixes immediate cash with potential future share issuance.

The preferred shares convert at $1.222 per ordinary share, and all earlier preferred issued under the agreement now share this lower conversion price through anti-dilution adjustments. Warrants for 343,407 ordinary shares at $2.912 add further optional future issuance.

Net proceeds will support working capital and commercial TES projects in Europe, the U.S. and the Middle East. The company also committed to register the resale of ordinary shares underlying the March 2026 preferred and warrants, so future filings may detail the resulting share count impact.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

For the month of March 2026 (Report No. 2)

Commission File Number: 001-41402

BRENMILLER ENERGY LTD.

(Translation of registrant’s name into English)

13 Amal St. 4th Floor, Park Afek

Rosh Haayin, 4809249 Israel
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

CONTENTS

As previously disclosed on a Form 6-K by Brenmiller Energy Ltd., or the Company, on July 25, 2025 the Company entered into a securities purchase agreement, or the SPA, with Alpha Capital Anstalt, or Alpha, pursuant to which the Company agreed to issue and sell to Alpha, subject to certain conditions, up to an aggregate of $25 million in securities across multiple tranches, consisting of preferred shares, pre-funded warrants, and ordinary warrants.

Between July 2025 and February 2026, the Company completed multiple closings under the SPA, including an initial closing on July 28, 2025 pursuant to which the Company issued pre-funded warrants and ordinary warrants, and subsequent closings on September 29, 2025, December 3, 2025, December 30, 2025 and February 13, 2026 pursuant to which the Company issued preferred shares and accompanying ordinary warrants.

On March 10, 2026, the Company closed an additional subsequent funding with Alpha in the amount of $1,000,000, or the Fourth Subsequent Funding, pursuant to which the Company issued (i) 1,000 preferred shares with a stated value of $1,000 per share, convertible into ordinary shares at a fixed conversion price of $1.222 per share, or the March 2026 Preferred Shares, and (ii) ordinary warrants to purchase 343,407 ordinary shares at an exercise price of $2.912 per share, or the March 2026 Ordinary Warrants, which are exercisable upon issuance and will expire five years from the initial exercise date.

The net proceeds from the Fourth Subsequent Funding will be used for general corporate purposes, working capital and execution of the Company’s commercial TES projects across Europe, the U.S. and the Middle East.

As a result of the pricing of the Fourth Subsequent Funding, under the anti-dilution and ratchet adjustment provisions contained in the Company’s Amended and Restated Articles of Association, the conversion price of the preferred shares previously issued pursuant to the SPA was adjusted to $1.222.

The securities referred to herein were offered pursuant to an exemption from the registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended, or the Securities Act, and Rule 506(b) of Regulation D promulgated thereunder. The securities have not been registered under the Securities Act or applicable state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The Company has agreed to file a registration statement with the Securities and Exchange Commission, or the SEC, to register the resale of the ordinary shares underlying the March 2026 Preferred Shares and the March 2026 Ordinary Warrants.

This Report of Foreign Private Issuer on Form 6-K is incorporated by reference into the Company’s Registration Statements on Form F-3 (File Nos. 333-272377, 333-273028, 333-283874, 333-289219, 333-290642, 333-292634 and 333-293660) and Form S-8 (File Nos. 333-272266, 333-278602, 333-284377 and 333-290040), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report of Foreign Private Issuer on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Brenmiller Energy Ltd.
Date: March 11, 2026	By:	/s/ Ofir Zimmerman
		Name:	Ofir Zimmerman
		Title:	Chief Financial Officer

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FAQ

What financing did Brenmiller Energy (BNRG) complete in March 2026?

Brenmiller Energy completed a $1,000,000 funding tranche with Alpha Capital Anstalt on March 10, 2026. It issued preferred shares and ordinary warrants under an existing up-to-$25 million securities purchase agreement to raise cash for operations and project execution.

What securities did Brenmiller Energy (BNRG) issue to Alpha Capital in the latest tranche?

The company issued 1,000 preferred shares with a stated value of $1,000 each, convertible at $1.222 per ordinary share, plus ordinary warrants to purchase 343,407 ordinary shares at an exercise price of $2.912 per share, exercisable immediately and expiring five years from initial exercise.

How will Brenmiller Energy (BNRG) use the $1,000,000 raised from Alpha Capital?

The $1,000,000 in net proceeds will be used for general corporate purposes, working capital, and execution of Brenmiller Energy’s commercial thermal energy storage projects across Europe, the United States and the Middle East, supporting ongoing business development and deployment activities.

Did the March 2026 funding change Brenmiller Energy (BNRG) preferred share terms?

Yes. Because of the March 2026 funding price, the conversion price of preferred shares previously issued under the Alpha Capital securities purchase agreement was adjusted to $1.222 per ordinary share, in line with anti-dilution and ratchet provisions in the company’s amended and restated articles.

Are Brenmiller Energy (BNRG) March 2026 securities registered with the SEC?

The securities were issued under exemptions in Section 4(a)(2) and Rule 506(b), so they are not initially registered. Brenmiller Energy agreed to file a registration statement to register the resale of ordinary shares underlying the March 2026 preferred shares and ordinary warrants.

How does the March 2026 Brenmiller Energy (BNRG) tranche fit into the $25 million agreement?

The March 10, 2026 tranche is an additional closing under a securities purchase agreement allowing up to $25 million in securities. It follows several prior closings between July 2025 and February 2026 involving pre-funded warrants, ordinary warrants and preferred shares.