Brenmiller Energy Raises $2M in ATM Offering
Ticker: BNRG · Form: 6-K · Filed: Sep 9, 2024 · CIK: 1901215
Sentiment: neutral
Topics: equity-offering, financing, balance-sheet
TL;DR
Brenmiller Energy just raised $2M at $2.19/share via ATM offering. Balance sheet fortified.
AI Summary
On September 9, 2024, Brenmiller Energy Ltd. announced it raised $2 million through an at-the-market equity offering. The shares were sold at $2.19 per share, strengthening the company's balance sheet. This filing includes a press release detailing the offering.
Why It Matters
This capital infusion provides Brenmiller Energy with additional financial flexibility to pursue its business objectives and operations.
Risk Assessment
Risk Level: medium — Equity offerings can dilute existing shareholders, and the success of the company depends on its ability to execute its business plan with the new capital.
Key Numbers
- $2.0M — Capital Raised (Funds secured through an at-the-market equity offering to strengthen the balance sheet.)
- $2.19 — Share Price (The price per share at which the equity offering was conducted.)
Key Players & Entities
- Brenmiller Energy Ltd. (company) — Issuer of the 6-K filing and subject of the press release.
- $2 million (dollar_amount) — Total amount raised in the at-the-market equity offering.
- $2.19 (dollar_amount) — Price per share at which the equity offering was conducted.
- September 9, 2024 (date) — Date of the press release and the filing.
FAQ
What was the total amount raised in the at-the-market equity offering?
The company raised $2 million in the at-the-market equity offering.
At what price per share were the shares sold?
The shares were sold at $2.19 per share.
What is the purpose of this Form 6-K filing?
This Form 6-K filing is to report a press release issued by Brenmiller Energy Ltd. on September 9, 2024, concerning the equity offering.
When was the press release regarding the equity offering issued?
The press release was issued on September 9, 2024.
What is the company's principal executive office address?
The company's principal executive offices are located at 13 Amal St. 4th Floor, Park Afek Rosh Haayin, 4809249 Israel.
Filing Stats: 317 words · 1 min read · ~1 pages · Grade level 10.5 · Accepted 2024-09-09 09:03:17
Key Financial Figures
- $2 Million — gy Further Fortifies Balance Sheet with $2 Million Raised from At-The-Market Equity Offeri
- $2.19 — d from At-The-Market Equity Offering at $2.19 per Share”, a copy of which is fu
Filing Documents
- ea0213896-6k_brenmiller.htm (6-K) — 11KB
- ea021389601ex99-1_brenmiller.htm (EX-99.1) — 12KB
- 0001213900-24-076732.txt ( ) — 24KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Brenmiller Energy Ltd. Date: September 9, 2024 By: /s/ Ofir Zimmerman Name: Ofir Zimmerman Title: Chief Financial Officer 2