Brenmiller Energy Comments on Reverse Share Split Ahead of Expected Near-Term Milestones
- Company has secured $118 million in investments to date
- Maintains a substantial $500 million commercial pipeline
- Has significant manufacturing capacity of 4GWh
- Successfully commissioned over 100 MWh of projects across Europe, U.S., and Middle East
- Management maintains significant ownership stake, aligning with shareholder interests
- Implementation of reverse stock split suggests potential share price concerns
- Company needs to maintain Nasdaq listing requirements
- Current market valuation may not reflect company's claimed value
Insights
Brenmiller's reverse split aims to maintain listing compliance while management signals upcoming commercial milestones that could potentially transform business prospects.
Brenmiller Energy has implemented a reverse share split, which is typically a defensive maneuver to maintain Nasdaq listing compliance by boosting share price artificially without changing the underlying business fundamentals. While management frames this as strategic and proactive, reverse splits are generally viewed cautiously by markets as they often indicate underlying stock price weakness.
The CEO's letter strategically pairs this potentially concerning news with forward-looking optimism, highlighting
What's notable is management's emphasis on near-term milestones and funding commitments for existing projects. This suggests the company may be approaching inflection points in commercialization that could potentially transform its financial trajectory. References to the Tempo Beverages and SolWinHy projects indicate specific commercial implementations that might demonstrate market validation.
The 4GWh manufacturing capacity mentioned represents significant scale potential if fully utilized, but current capacity utilization rates aren't disclosed. The repeated emphasis on upcoming developments suggests management believes operational momentum is building that could eventually translate to financial results.
For investors, this reverse split maintains market access but doesn't address fundamental business performance. The true impact will depend entirely on whether the promised commercial acceleration materializes in the coming quarters.
ROSH HA'AYIN, IL / / June 18, 2025 / ("Brenmiller", "Brenmiller Energy" or the "Company") (NASDAQ:BNRG), a leading global provider of Thermal Energy Storage ("TES") solutions for industrial and utility customers, today issued a letter from its Chief Executive Officer, Avi Brenmiller.
To Our Shareholders,
As previously announced, today at the close of trading on the Nasdaq Capital Market, Brenmiller Energy will implement a reverse share split-a strategic and proactive decision made to protect and preserve shareholder value as we approach a critical period of execution on our business objectives.
This decision followed extensive internal consideration about the timing and impact of a reverse share split. Ultimately, we determined that the best course of action was to be decisive today, which will allow us to remain focused on what matters most in the days ahead: delivering on our milestones.
The value that Brenmiller Energy has built is evident:
More than a decade of TES innovation and
$118 million in investments have led to deployments across Europe, the U.S., and the Middle EastCommissioning and building over 100 MWh of projects
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$500 million pipeline of commercial opportunities4GWh of manufacturing capacity
Let us be clear: a reverse split changes the number of shares outstanding, but it does not impact your ownership.
All shareholders-including insiders-are impacted equally by this reverse split. That's not incidental. It's intentional. We are all in this together. Our Company's founders and management, including myself, continue to have significant holdings in Brenmiller Energy. Investors can be assured that all of our interests are aligned.
As we are aiming to move towards key implementation milestones for commercial deployment in the near-term, with funding commitments for projects within our existing portfolio, and strategic collaborations-we believe that these future achievements will translate into tangible value for shareholders.
We're not waiting for the market to understand what we've built. We are aiming to make it impossible to ignore.
As we've shared throughout 2025, we believe that Brenmiller Energy has entered a new phase-one defined by acceleration. Our recent progress with TES projects including Tempo Beverages in Israel and SolWinHy in Spain makes that clear: we believe we are on the verge of a breakout moment with a robust global commercial pipeline and technology that's already proven in the field.
The result? AG真人官方 operating momentum that we believe will spark interest in our technology-and a reappraisal of the value it truly deserves.
We thank you for standing with us, and we invite you to stay close. We believe that the weeks ahead won't just validate our vision-they'll define it.
Sincerely,
Avi Brenmiller
CEO, Brenmiller Energy Ltd.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller's patented bGen鈩� ZERO thermal battery is a modular and scalable energy storage system that turns renewable electricity into zero-emission heat. It charges using low-cost renewable electricity and discharges a continuous supply of heat on demand and according to its customers' needs. The most experienced thermal battery developer on the market, Brenmiller operates the world's only gigafactory for thermal battery production and is trusted by leading multinational energy companies. For more information visit the Company's website at and follow the company on and .
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 it discusses: expected near-term milestones; the timing for implementing a reverse share split; its protecting and preserving shareholder value as the Company approaches a critical period of execution its business objectives;; the Company's future commercial deployment milestones, funding commitments for projects within its existing portfolio, and strategic collaborations and that such future achievements will translate into tangible value for shareholders; future interest in the Company's technology and a reappraisal of its value; and the Company's
Contact: [email protected]
SOURCE: Brenmiller Energy
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