Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 73

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 73
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, 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, 2022 (the exchange
rate on the day prior to the signing of the 2022 Private Placement). Each warrant is exercisable into one Ordinary Share subject to payment
of exercise price of NIS 61.3 (approximately $17.8) per warrant and has a term of two (2) years as of the issuance date of the warrants
for Mr. Brenmiller.

On June 12, 2023, we entered
into a definitive securities purchase agreement with Snowdrop Holding SA for the issuance and sale in a private placement offering of
248,778 units, each unit consisting of one Ordinary Share and one non-tradeable warrant to purchase one Ordinary Share at a price per
unit of $10.0, for aggregate gross proceeds of approximately $2.5 million (NIS 8.97 million). The warrants have an exercise price of
NIS 44 (approximately $12) per warrant and may be exercised beginning on June 12, 2024, until June 12, 2029. The offering closed on June
15, 2023.

<div align='center'>II-3</div>

On August 4, 2024, we
entered into a definitive securities purchase agreement with Alpha, for a private placement of 1,000,000 Ordinary Shares at a price of
$1.05 per share, or the August 2024 Private Placement. The closing of the August 2024 Private Placement was subject to certain conditions,
including us obtaining consent from an existing lender. On November 3, 2024, we entered into an amendment, or the First Amendment, to
the securities purchase agreement with Alpha. Pursuant to the First Amendment, it was agreed to extend the time by which we shall obtain
consent from an existing lender, in connection with the transactions contemplated by the securities purchase agreement, from within 90
days of