Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 118

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 19
Chunk 118
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 500,000 Ordinary Shares, in the aggregate, issued or reserved for issuance under the 2013 Option  
  Plan. On January 21, 2025 another registration statement on Form S-8 was filed to register additional 1,717,200 ordinary shares for the    
  foregoing purpose.                                                                                                                         
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  On August 4, 2024, the Company entered into a definitive securities purchase agreement with Alpha Capital                      

Under the terms of the agreement,
the investor will have a one-time future investment right, from the date hereof until the date that is 12 months after the closing date,
to subscribe for an additional1,000,000Ordinary Shares (or at the election of the Investor pre-funded warrants to purchase up to1,000,000Ordinary Shares in lieu of Ordinary Shares) at a price of $2.50per ordinary share (or pre-funded warrant), in a private placement. This
additional investing right was triggered subsequent to balance sheet date on January 10, 2025 (after the Company’s Ordinary Shares
closed on Nasdaq above $2.50per ordinary share), but expired after 15 business days without being exercised.

  Warrants:  

  Quoted Warrants (Series 3)  

During 2023 and as part of the delisting
process of the Company’s Ordinary Shares from TASE, the Company made an arrangement with the holders of Series 3 warrants, approved
by the district court, to shorten the period for their exercise and decrease the exercise price. As a result, 94% of the holders of Series
3 exercised their warrants, for which the Company issued18,811Ordinary Shares and received a consideration of NIS241thousand ($72thousand); the remaining warrants (Series 3) expired onSeptember 5, 2023. Consequently, and due to having accumulated losses, the Company
recognized the incremental value of NIS341thousand ($92thousand) for the change in terms of the options against additional paid in
capital (see also Note 13I).

  Non- marketable warrants  

As of December 31, 2023, the Company had499,998non-marketable warrants that could be exercised into25,000Ordinary Shares of the Company. These warrants expired on June 14,
2024, without any exercise.

F-25

Brenmiller Energy