Company: BNRG
Filing Date: 2025-12-04
Form Type: 6-K
Source: 0001213900-25-118370
Chunk: 1

Company: Brenmiller Energy Ltd.
Filing Date: 2025-12-04
Form: 6-K
Chunk 1
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 a Form 6-K on September 29, 2025, the Company issued 3,800 preferred shares with a stated value of $1,000 per share on September 29, 2025, or the September Preferred Shares, to Alpha for consideration of $3.8 million, or the Equity Closing. Each September Preferred Share is convertible into ordinary shares at a fixed conversion price of $2.288 per share. At the Equity Closing, the Company also issued 1,660,839 accompanying ordinary warrants, with an exercise price of $2.40 per share, or the September Ordinary Warrants, equal to 100% of the ordinary shares underlying the September Preferred Shares, which are exercisable upon issuance and will expire five years from the initial exercise date.

On December 3, 2025, the Company closed a subsequent funding with Alpha in the amount of $1,000,000, or the Subsequent Funding, pursuant to which the Company issued (i) 1,000 preferred shares with a stated value of $1,000 per share, convertible into ordinary shares at a fixed conversion price of $1.118 per share, or the December Preferred Shares, and (ii) ordinary warrants to purchase 894,454 ordinary shares at an exercise price of $2.40 per share, or the December Ordinary Warrants, equal to 100% of the ordinary shares underlying the December Preferred Shares, which are exercisable upon issuance and will expire five years from the initial exercise date.

The net proceeds from the Subsequent Funding will be used for general corporate purposes, working capital and execution of the Company’s commercial TES projects across Europe, the U.S. and the Middle East.

In addition, as a result of the
pricing of the Subsequent Funding and in accordance with the anti-dilution and ratchet adjustment provisions contained in the SPA and
in the applicable warrant agreements, certain warrants previously issued to Alpha were adjusted. The July Ordinary Warrants were adjusted
to reflect an exercise price of $1.118 per share and the number of ordinary shares underlying such warrants was correspondingly adjusted
to 1,180,680. In addition, the September Ordinary Warrants were adjusted to reflect an exercise price of $1.118 per share and the number
of ordinary shares underlying such warrants was correspondingly adjusted to 3,565,308. In addition, under the anti-dilution and ratchet
adjustment provisions contained in the Company’s Amended and Restated Articles of Association,