Company: BNRG
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038040
Chunk: 72

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-01
Form: F-1/A
Chunk 72
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) of the Securities Act, Rule 701
and/or Regulation S under the Securities Act.

Pursuant to a securities purchase
agreement dated October 29, 2021, or the 2021 Private Placement, with the 2021 Private Placement Investors, on December 29, 2021, we issued
167,031 Ordinary Shares for aggregate gross proceeds of $7.5 million, or the First Closing. On December 29, 2021, we closed the First
Closing of the 2021 Private Placement in which we offered 167,031 Ordinary Shares to the 2021 Private Placement Investors. On May 24,
2022, we closed the Second Closing of the 2021 Private Placement in which we offered 151,766 Ordinary Shares and 15,266 Prefunded Warrants.
The 2021 Private Placement included an undertaking for us to file a registration statement with the SEC within 45 days from the First
Closing. We filed the registration statement in connection with the 2021 Private Placement, which was subsequently declared effective
by the SEC, and our Ordinary Shares began trading on Nasdaq on May 25, 2022.

On November 29, 2022, we entered
into a definitive securities purchase agreements with certain investors, part of whom are existing shareholders, including Avraham Brenmiller,
in which we sold 199,636 Ordinary Shares and 1,996,359 associated warrants in connection with the 2022 Private Placement. In addition,
as of December 31, 2022, Avraham Brenmiller had an unpaid salary balance (in respect of prior years) in the amount of NIS 790 thousand
(approximately $225 thousand). In exchange for such unpaid salary, on November 17, 2022, and November 23, 2022, the Compensation Committee
and the Board of Directors, respectively, approved and voted to recommend that the shareholders approve to convert the unpaid salary into
equity under the terms of the 2022 Private Placement, except the exercise period as described below. Accordingly, on February 5, 2023,
we issued Mr. Brenmiller 14,822 units, consisting of 14,822 Ordinary Shares and 14,822 associated warrants, at a price of NIS 53.3 (approximately
$15.5) per each issued unit, based on an exchange rate of NIS/USD 3.438 published on November 28, 202