Brenmiller Energy Ltd. Chief Executive Officer, Avi Brenmiller, issued a letter to shareholders detailing a new corporate structure designed to expand the company's reach and unlock new sources of private capital. This initiative aims to accelerate the timeline to positive cash flow without diluting public shareholders.
Under this new structure, the parent company retains full ownership of its proprietary technology while licensing it to newly formed European subsidiaries. These subsidiaries are open to direct private investment, enabling them to rapidly scale localized operations and convert the project pipeline into revenues.
The strategic shift is intended to strengthen Brenmiller's foundation, multiply opportunities, generate near-term and recurring licensing revenues, and shift operating costs to subsidiaries. This approach is expected to optimize the company's financial profile and position the value of its subsidiaries to enhance the public market valuation.
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