Brenmiller Announces Pricing of $2.5 Million Private Placement

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Jun 13, 2023

Brenmiller+Energy+Ltd. ("Brenmiller", "Brenmiller Energy”, the “Company”) (TASE: BNRG, Nasdaq: BNRG), a global leader in thermal energy storage (TES), announced today it entered into a securities purchase agreement with one of the Company’s institutional shareholders, a Switzerland-based fund, for the issuance and sale, in private placement offering, of 2,487,778 units ( “Units”), each Unit consisting of one ordinary share of the Company, par value NIS 0.02 per share (the “Ordinary Shares”), and one non-tradeable warrant to purchase one ordinary share, at a price per Unit of $1.00, for aggregate gross proceeds of approximately $2,500,000.