Brenmiller Energy Ltd. Announces Expected Implementation of 1-for-10 Reverse Share Split
30 11월 2023 - 10:00PM
Business Wire
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a clean energy company that provides
Thermal Energy Storage (“TES”) systems to global industrial and
utility markets, today announced a reverse share split of its
issued and outstanding ordinary shares at a ratio of 1-for-10 is
expected to be implemented after market close on December 1, 2023.
The Company's ordinary shares will begin trading on the Nasdaq
Capital Market on a post-split basis at the market open on December
4, 2023 under the Company's existing trading symbol "BNRG".
The reverse share split was approved by the Company’s
shareholders at the Company's Special General Meeting of
Shareholders held on November 13, 2023 (the “Meeting”).
The Meeting also approved an increase of the Company’s share
capital by 100,000,000 Ordinary Shares and the cancellation of the
par value of the Company’s ordinary shares (the “Increase of
Authorized Share Capital”). After giving effect to the Increase of
Authorized Share Capital, the authorized share capital of the
Company will be divided into 150,000,000 Ordinary Shares, no par
value per share. The authorized share capital of the Company will
be 15,000,000 Ordinary Shares following consummation of the reverse
split. These changes have been reflected in the Company’s amended
articles of association (the “Articles”) as approved by the Board
of Directors and by the shareholders in the Meeting.
No fractional shares will be issued as a result of the reverse
split. In accordance with the Company’s Articles all fractional
shares will be rounded to the nearest whole Ordinary Share, such
that only shareholders holding fractional consolidated shares of
more than half of the number of shares which consolidation
constitutes one whole share, shall be entitled to receive one
consolidated share.
About Brenmiller Energy Ltd.
Brenmiller Energy delivers scalable thermal energy storage
solutions and services that allow customers to cost-effectively
decarbonize their operations. Its patented bGen thermal storage
technology enables the use of renewable energy resources, as well
as waste heat, to heat crushed rocks to very high temperatures.
They can then store this heat for minutes, hours, or even days
before using it for industrial and power generation processes. With
bGen, organizations have a way to use electricity, biomass and
waste heat to generate the clean steam, hot water and hot air they
need to mold plastic, process food and beverages, produce paper,
manufacture chemicals and pharmaceuticals or drive steam turbines
without burning fossil fuels. For more information visit the
company’s website at https://bren-energy.com/ and follow the
company on X (formerly Twitter) and LinkedIn.
Forward-Looking Statements:
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and other federal securities laws.
Statements that are not statements of historical fact may be deemed
to be forward-looking statements. For example, the Company is using
forward-looking statements when discussing the implementation of
the reverse share split and Increase of Authorized Share Capital.
Without limiting the generality of the foregoing, words such as
“plan,” “project,” “potential,” “seek,” “may,” “will,” “expect,”
“believe,” “anticipate,” “intend,” “could,” “estimate” or
“continue” are intended to identify forward-looking statements.
Readers are cautioned that certain important factors may affect the
Company’s actual results and could cause such results to differ
materially from any forward-looking statements that may be made in
this press release. Factors that may affect the Company’s results
include, but are not limited to: the Company’s planned level of
revenues and capital expenditures; risks associated with the
adequacy of existing cash resources; the demand for and market
acceptance of our products; impact of competitive products and
prices, product development, commercialization or technological
difficulties; the success or failure of negotiations; trade, legal,
social and economic risks; and political, economic and military
instability in the Middle East, specifically in Israel. The
forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, many of which
are beyond the control of the Company, including those set forth in
the Risk Factors section of the Company’s Annual Report on Form
20-F for the year ended December 31, 2022 filed with the SEC on
March 22, 2023, filed with the U.S. Securities and Exchange
Commission (“SEC”), which is available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law. References and links to websites have
been provided as a convenience and the information contained on
such websites is not incorporated by reference into this press
release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231130193076/en/
Media Contact: Tori Bentkover
brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Brenmiller Energy (NASDAQ:BNRG)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024