Brenmiller Energy Secures $1 Million Funding to Boost TES Projects
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Brenmiller Energy Ltd. secured $1 million in funding from Alpha Capital Anstalt, issuing preferred shares and warrants. The funds will support TES projects and general corporate purposes. Adjustments in warrants and conversion prices were made due to anti-dilution provisions. Despite the funding, Spark's analysis rates BNRG stock as underperforming due to poor financial performance, high leverage, and negative cash flows. Brenmiller focuses on thermal energy storage solutions in Europe, the U.S., and the Middle East.
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