Brenmiller Energy Ltd. Financial Report: Key Insights & Investment Opportunities (Jan 2025)

Here are the key insights extracted from the financial report (Form 6-K) of Brenmiller Energy Ltd. dated January 16, 2025:

1. Company Overview:

• Name: Brenmiller Energy Ltd.
• Commission File Number: 001-41402
• Address: 13 Amal St. 4th Floor, Park Afek, Rosh Haayin, 4809249 Israel.

2. Purpose of Filing:

• This report is filed as a Foreign Private Issuer under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.

3. Key Transaction:

• On January 16, 2025, Brenmiller Energy entered into a Second Amendment to a private placement agreement with Alpha Capital Anstalt, initially dated August 4, 2024.
• The amendment allows Alpha to make an additional investment in 1,000,000 ordinary shares (or equivalents) if the Company's Ordinary Shares close at or above $2.50 within the next 12 months.

4. Investment Conditions:

• The notice period for Alpha to notify the Company of the intent to exercise this right is extended to 15 business days.
• The Company can call on Alpha’s additional investment right if the Ordinary Shares close at $4.00 or more for three consecutive trading days.

5. Current Market Status:

• The Ordinary Shares of the Company closed above $2.50 on January 10, 2025, allowing Alpha until February 3, 2025 at 4:00 PM EST to notify the Company regarding the additional investment.

6. Future Financing Plans:

• The Company plans to use its existing At-the-Market equity offering facility opportunistically, depending on management discretion and market conditions.

7. Incorporation by Reference:

• The full text of the Second Amendment is included as Exhibit 10.1 within this report and is incorporated by reference for further details.

This summary highlights the critical aspects of the recent financial activities and potential investment opportunities for Brenmiller Energy Ltd.