Brenmiller Energy Ltd. announced the pricing of its public offering for the purchase and sale of 2,307,693 ordinary shares, or pre-funded warrants in lieu thereof. The offering also includes Series B and Series C warrants to purchase up to 2,307,693 ordinary shares each.
The combined offering price is $0.65 per ordinary share and accompanying warrants, for aggregate gross proceeds of approximately $1.5 million before deducting placement agent fees and other offering expenses. The Series B and Series C warrants will have an exercise price of $0.75 per share.
The company intends to use the net proceeds from this offering for general and administrative corporate purposes, including working capital and capital expenditures. The closing of the offering is expected to occur on or about May 14, 2025, subject to customary closing conditions.
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