Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 74

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 74
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 signing the securities purchase agreement to within 120 days of signing the securities purchase agreement. On November 27, 2024,
we received the required approval from the lander and on December 4, 2024, the offering was closed. Under the terms of the securities
purchase agreement for the August 2024 Private Placement, Alpha also had the right to make a further investment for 1,000,000 additional
Ordinary Shares (or ordinary share equivalents) in the event that our Ordinary Shares closed at or above $2.50 per share within the 12
months from the date of the securities purchase agreement. The securities purchase agreement provided for registration rights for the
Ordinary Shares and we filed a registration statement with the SEC to register the resale of the Ordinary Shares within thirty (30) days
of closing on December 4, 2024. The private placement resulted in gross proceeds of $1.05 million. On January 16, 2025, we entered into
a second amendment, or the Second Amendment, to the securities purchase agreement with Alpha. Pursuant to the Second Amendment, it was
agreed to extend the notice period provided by Alpha to us to fifteen (15) business days in connection with Alpha’s right to make
a further investment for 1,000,000 additional Ordinary Shares (or ordinary share equivalents) in the event that our Ordinary Shares close
at or above $2.50 per share within 12 months from the date of the securities purchase agreement. Under the Second Amendment we also had
the right to call Alpha’s additional investment right under certain circumstances in the event that the closing price of our Ordinary
Shares is $4.00 or more for three consecutive trading days. The option under the Second Amendment has expired.

As of December 31, 2022,
Mr. 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 the above 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 November 2022 definitive securities purchase agreements, as described above, respectively, except the exercise period
as described below. Accordingly, on January 24, 2023, our shareholders approved the conversion, and we