Brenmiller Energy Ltd. announced today it has entered into a securities purchase agreement for up to $25 million in equity financing with Alpha Capital Anstalt, its largest shareholder and long-standing investor. This agreement reinforces Alpha Capital Anstalt's strong commitment to Brenmiller's long-term strategy.
The company will receive $1.2 million in an initial closing, with an additional $3.8 million subject to certain conditions. Alpha Capital Anstalt also holds additional investment rights for up to $20 million, providing significant potential capital for future growth.
This substantial capital injection is crucial for bolstering liquidity and supporting Brenmiller's expanding project pipeline, which now exceeds $500 million in potential value. The financing is expected to fund the company's growth initiatives and accelerate its path to operational profitability.
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