Brenmiller Energy Announces Pricing of Public Offering for Approximately $1.5 Million

Strategic Insights -

Brenmiller Energy Ltd., a leading provider of thermal energy storage solutions for industrial and utility customers, has announced the pricing of its public offering for the purchase and sale of ordinary shares and warrants to purchase up to 4.625 million ordinary shares. The offering, priced at $0.65 per ordinary share and accompanying warrants, is expected to raise approximately $1.5 million in gross proceeds before deducting placement agent fees and other expenses.

The company intends to use the net proceeds from the offering for general and administrative corporate purposes, including working capital and capital expenditures. The securities are being offered pursuant to a registration statement on Form F-1, which became effective on May 12, 2025.

Brenmiller Energy's patented bGen[TM] 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 company operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies.

Key Takeaways:

  • Brenmiller Energy has priced its public offering at $0.65 per ordinary share and accompanying warrants, with gross proceeds of approximately $1.5 million.
  • The company intends to use the net proceeds from the offering for general and administrative corporate purposes, including working capital and capital expenditures.
  • The offering is being made pursuant to a registration statement on Form F-1, which became effective on May 12, 2025.
  • Brenmiller Energy's patented bGen[TM] ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat.
  • The company operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies.

Statistics:

  • Gross proceeds of approximately $1.5 million before deducting placement agent fees and other expenses.
  • Approximately 4.625 million ordinary shares and warrants to purchase up to 4.625 million ordinary shares are being offered.
  • The offering is expected to close on or about May 14, 2025, subject to customary closing conditions.

Sources:

  • Brenmiller Energy Ltd. press release, dated May 13, 2025.
  • Registration Statement on Form F-1, filed with the Securities and Exchange Commission on May 6, 2025 (File No. 333-286789).
  • SEC website, www.sec.gov.
  • BusinessWire news release, "Brenmiller Energy Announces Pricing of Public Offering for Approximately $1.5 Million", dated May 13, 2025.