Brenmiller Energy Ltd., a prominent global provider of thermal energy storage solutions, has announced a securities purchase agreement with Alpha Capital Anstalt, its largest shareholder. The agreement allows Brenmiller to issue and sell up to $25 million in securities, including preferred shares, pre-funded warrants, and ordinary warrants, in multiple tranches. The initial closing will generate $1.2 million, with an additional $3.8 million subject to certain conditions. Alpha Capital Anstalt also holds rights to purchase further securities up to $20 million. The funds will support Brenmiller's general corporate purposes and its commercial TES projects across Europe, the U.S., and the Middle East.
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