6-K 1 ea192171-6k_brenmiller.htm REPORT OF FOREIGN PRIVATE ISSUER

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

 

For the month of January 2024 (Report No. 2)

 

Commission file number: 001-41402

 

BRENMILLER ENERGY LTD.

(Translation of registrant’s name into English)

 

13 Amal St. 4th Floor, Park Afek

Rosh Haayin, 4809249 Israel
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F       Form 40-F

 

 

 

 

 

 

CONTENTS

 

Securities Purchase Agreement

 

On January 22, 2024, Brenmiller Energy Ltd. (the “Company”) entered into a securities purchase agreement with a U.S. based institutional investor (the “Purchase Agreement”) for the issuance and sale of 240,000 ordinary shares, no par value per share (“Ordinary Shares”), of the Company, warrants to purchase up to 888,890 Ordinary Shares (the “Warrant”) and pre-funded warrants to purchase up to 648,890 Ordinary Shares (the “Pre-Funded Warrant”) at a price of $4.50 per Ordinary Share and accompanying Warrant, less $0.0001 per Pre-Funded Warrant, for aggregate gross proceeds of approximately $4.0 million before deducting placement agent fees and other offering expenses. The Warrants are exercisable immediately at a price of $5.00 per share and will expire five years from the date of issuance. The Pre-Funded Warrants are exercisable immediately at a price of $0.0001 per share and are exercisable until exercised in full.

 

Following the satisfaction of customary closing conditions, the offering closed on January 25, 2024. The Ordinary Shares, Warrants and Pre-Funded Warrants were offered and sold pursuant to an effective Registration Statement on Form F-1, as amended (File No. 333-275115).

 

Placement Agency Agreement

 

On January 22, 2022, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with A.G.P./Alliance Global Partners (“A.G.P.” or, the “Placement Agent”), pursuant to which A.G.P. agreed to serve as lead placement agent for the issuance and sale of the Ordinary Shares, Warrants and Pre-Funded Warrants. The Company agreed to pay the Placement Agent an aggregate cash fee equal to 7.0% of the gross proceeds received by the Company from the sale of the securities in the Offering, however in the case of certain identified investors the Company agreed to pay a cash fee equal to 3.5% of the gross proceeds received by the Company from such investors. Pursuant to the Placement Agency Agreement, the Company also agreed to pay the Placement Agents $105,000 for accountable expenses and $25,000 for non-accountable expenses. The Placement Agency Agreement has indemnification and other customary provisions for transactions of this nature.

 

The foregoing descriptions of the warrant, Purchase Agreement and the Placement Agency Agreement are not complete and are qualified in their entirety by references to the full text of the Warrant, Pre-Funded Warrant, Purchase Agreement and the Placement Agency Agreement, which are included as exhibits to this Report of Foreign Private Issuer on Form 6-K (“Report”) and are incorporated by reference herein.

 

On January 25, 2024, the Company issued a press release titled “Brenmiller Energy Ltd. Announces Closing of $4 Million Offering”, a copy of which is included as Exhibit 99.1 to this Report and is incorporated by reference herein.

 

This Report is incorporated by reference into the Company’s Registration Statements on Form F-3 (File Nos. 333-272377 and 333-273028) and Form S-8 (File No. 333-272266), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Exhibit No.    
4.1   Form of Warrant
4.2   Pre-Funded Warrant (incorporated herein by reference to Exhibit 4.2 to the Company’s Registration Statement on Form F-1 (File No. 333-275115) filed with the SEC on December 11, 2023).
10.1   Purchase Agreement, dated as of January 22, 2024, between the Company and the purchaser named in the signature page thereto.
10.2   Placement Agency Agreement, dated as of January 22, 2024, between the Company and A.G.P./Alliance Global Partners.
99.1   Press release titled “Brenmiller Energy Ltd. Announces Closing of $4 Million Offering”.

 

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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: January 25, 2024 By: /s/ Ofir Zimmerman
    Name:  Ofir Zimmerman
    Title:  Chief Financial Officer

 

 

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