Company: BNRG
Filing Date: 2025-07-29
Form Type: 6-K
Source: 0001213900-25-068449
Chunk: 1

Company: Brenmiller Energy Ltd.
Filing Date: 2025-07-29
Form: 6-K
Chunk 1
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 convertible into ordinary shares at a fixed
conversion price of $2.288 per share. At the Equity Closing, the Company will also issue accompanying ordinary warrants, with an exercise
price of $2.40 per share, or the Additional Ordinary Warrants, equal to 100% of the shares underlying the Preferred Shares, which will
be exercisable upon issuance and will expire five years from the initial exercise date.

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

Under the terms of the Securities
Purchase Agreement, subject to certain conditions and as long as any Preferred Shares or Additional Ordinary Warrants are outstanding,
Alpha also has the right to purchase additional preferred shares and warrants from the Company up to an additional $20 million, or the
Subsequent Financing.

The Securities Purchase Agreement
also provides for certain additional fundings by Alpha after the Equity Closing which can come in the form of warrant exercises, Subsequent
Financing or other financing arranged by Alpha, or the Additional Funding, subject to certain conditions, up to $15 million, over a two
year period beginning after the Equity Closing. Assuming full exercise of all warrants, the overall financing from Alpha may reach $50
million.

Approval of the Company’s
shareholders is required for the Equity Closing under the Company’s constitutive documents and applicable law allowing for, among
other things, the issuance of the Preferred Shares, including all the underlying shares, and for the Company to issue in excess of 24.99%
of the Company’s ordinary shares outstanding on the Equity Closing (including any existing ordinary shares held by Alpha).

In addition, on July 25, 2025,
the Company entered into two separate Registration Rights Agreements with Alpha pertaining to (i) the resale of the ordinary shares issuable
upon exercise of the warrants issued at the Pre-Funded Warrants Closing, or the Pre-Funded Warrants Registration Rights Agreement, and
(ii) the resale of the ordinary shares issuable upon conversion of the Preferred Shares and exercise of the Additional Ordinary Warrants
to be issued at the Equity Closing, or the Equity Closing Registration Rights Agreement. The Company agreed to file these registration
statements with the U.S. Securities and Exchange Commission and maintain their effectiveness within specified timeframes.

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The Securities Purchase Agreement
contains customary representations, warranties, covenants, and participation rights.