Brenmiller Energy Closes on $1.05 Million Private Placement with Existing Institutional Shareholder
2024年12月4日 - 10:30PM
ビジネスワイヤ(英語)
Investor has the right to purchase 1 million
additional ordinary shares if the Company’s ordinary shares close
at or above $2.50 per share within the next 12 months
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 it has closed its previously announced
private placement with one of the Company’s existing institutional
investors for aggregate gross proceeds of $1.05 million.
In connection with the private placement, the Company sold to
the investor 1,000,000 ordinary shares of the Company at a price of
$1.05 per share, reflecting a 52% premium to the closing price for
the Company’s ordinary shares on Nasdaq on August 2, 2024, the last
closing price prior to when the securities purchase agreement was
signed, and a 33% premium to the closing price of $0.79 on December
3, 2024 when the private placement closed. The investor maintains
the right to make a further investment for 1,000,000 additional
ordinary shares (or ordinary share equivalents) in the event that
the Company’s ordinary shares close at or above $2.50 per share
within the next 12 months.
The Company intends to use the net proceeds from the private
placement for general corporate purposes, including working
capital.
The securities described above were sold in a private placement
and have not been registered under the U.S. Securities Act of 1933,
as amended, and may not be offered or sold in the United States
absent registration with the Securities and Exchange Commission
(the "SEC") or an applicable exemption from such registration
requirements. The securities purchase agreement with the investor
provides for registration rights for the ordinary shares and the
Company has agreed to file a registration statement with the SEC to
register the resale of the ordinary shares within thirty (30) days
of closing.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and power
producers end their reliance on fossil fuel boilers. Brenmiller’s
patented bGen™ 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 (formerly Twitter) 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 in this press release when it discusses:
the investor’s future investment right; registration rights related
to the private placement offering; and the intended use of proceeds
from the private placement offering. 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, 2023 filed with the SEC on March 18, 2024,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241204986790/en/
Media: Tori Bentkover
brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
過去 株価チャート
から 11 2024 まで 12 2024
Brenmiller Energy (NASDAQ:BNRG)
過去 株価チャート
から 12 2023 まで 12 2024