Company: BNRG
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038040
Chunk: 74

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-01
Form: F-1/A
Chunk 74
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. 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 granted 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