Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 117

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 117
---
 under which the Company may offer and sell its Ordinary Shares having an aggregate offering price    
  of up to $ 9,350 thousand from time to time through A. G. P.                                                                                
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

During the second half of 2023, under
the agreement with a A. G. P., the Company issued35,812ordinary shares for a total consideration of $220thousand, net of agent commissions
of $12thousand and other issuance costs of $115thousand. During 2024, the Company issued3,712,421
Ordinary shares for a total consideration of $6,503thousand, net of agent commissions of $214thousand and other issuance costs of $108thousand.

  On June 15, 2023, the Company completed a private placement                                                                              

The warrants
are exercisable at a price of NIS44(approximately $12.0) per share, reflecting a33% premium over the market price of the Company’s
Ordinary Shares on The Nasdaq Stock Market LLC at the close on June 12, 2023. The warrants are exercisable from June 12, 2024 and until
June 12, 2028.

Issuance
costs (of approximately $20thousand) and the placement proceeds were allocated on a relative fair value basis ($1.57million to share
capital and premium and $0.93million to the warrants); the fair value of the warrants was determined on the basis of the Black-Scholes
pricing model.

  On January 25, 2024, the Company closed a public offering                                                                                                                                             

F-24

Brenmiller Energy Ltd.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

NOTE 11 - EQUITY(cont.):

  Share capital (cont.)  

The Ordinary Shares, Warrants and
Pre-Funded Warrants were offered and sold pursuant to an effective Registration Statement on Form F-1, as amended. The aggregate gross
proceeds from this offering were approximately $4.0million before deducting placement agent fees of $280thousand and other fund-raising
expenses, of $316thousand.

  On April 10, 2024, the Company filed a registration statement on Form S-8 under the Securities Act of                                      
  1933, as amended, to register additional