Brenmiller Energy Ltd. Announces Receipt of Nasdaq Minimum Bid Price Notification
Brenmiller Energy (Nasdaq: BNRG), a provider of thermal energy storage solutions, has received a Nasdaq notification regarding non-compliance with the minimum bid price requirement. The company's stock must maintain a minimum bid price of $1.00 per share to remain listed. Brenmiller has been granted a 180-day grace period until February 3, 2025, to regain compliance.
To comply, the stock's closing bid price must be at least $1.00 for a minimum of ten consecutive business days. If unsuccessful, Brenmiller may be eligible for an additional 180-day period if it meets other Nasdaq Capital Market listing requirements. Failure to comply could result in delisting. The company states that maintaining its Nasdaq listing is a priority and will consider options to regain compliance if necessary.
Brenmiller Energy (Nasdaq: BNRG), fornitore di soluzioni per la conservazione dell'energia termica, ha ricevuto una notifica da Nasdaq riguardante il mancato rispetto del requisito di prezzo minimo per azione. L'azione della società deve mantenere un prezzo minimo di offerta di $1,00 per azione per rimanere quotata. Brenmiller ha ricevuto un periodo di grazia di 180 giorni fino al 3 febbraio 2025 per ripristinare la conformità.
Per essere conforme, il prezzo di chiusura dell'azione deve essere almeno $1,00 per un minimo di dieci giorni lavorativi consecutivi. Se non riuscisse, Brenmiller potrebbe avere diritto a un ulteriore periodo di 180 giorni se soddisfa altri requisiti per la quotazione del Nasdaq Capital Market. La mancata conformità potrebbe comportare la cancellazione dalla quotazione. L'azienda afferma che mantenere la sua quotazione su Nasdaq è una priorità e valuterà opzioni per ripristinare la conformità, se necessario.
Brenmiller Energy (Nasdaq: BNRG), proveedor de soluciones de almacenamiento de energía térmica, ha recibido una notificación de Nasdaq sobre el incumplimiento del requisito de precio mínimo de oferta. La acción de la empresa debe mantener un precio mínimo de oferta de $1.00 por acción para seguir cotizando. A Brenmiller se le ha concedido un período de gracia de 180 días hasta el 3 de febrero de 2025 para recuperar la conformidad.
Para cumplir con el requisito, el precio de cierre de la acción debe ser al menos de $1.00 durante un mínimo de diez días hábiles consecutivos. Si no tiene éxito, Brenmiller podría ser elegible para un período adicional de 180 días si cumple con otros requisitos de cotización del Nasdaq Capital Market. El incumplimiento podría resultar en deslistado. La empresa afirma que mantener su cotización en Nasdaq es una prioridad y considerará opciones para volver a cumplir si es necesario.
브렌밀러 에너지(Brenmiller Energy, Nasdaq: BNRG)는 열 에너지 저장 솔루션 제공업체로서 나스닥 통지를 받았습니다. 이는 최소 호가 가격 요건을 준수하지 못한 것과 관련이 있습니다. 회사의 주가는 계속 상장되기 위해 주당 최소 호가 가격인 $1.00를 유지해야 합니다. 브렌밀러는 2025년 2월 3일까지 180일의 유예 기간을 부여받았습니다.
준수하기 위해서는 주식의 종가가 최소한 $1.00 이상이어야 하며, 이는 최소 10일 연속 영업일 동안 유지되어야 합니다. 만약 성공하지 못할 경우, 브렌밀러는 나스닥 자본 시장의 다른 상장 요구 사항을 충족하는 경우 추가로 180일을 더 받을 수 있습니다. 준수를 실패할 경우 상장 폐지로 이어질 수 있습니다. 회사는 나스닥 상장을 유지하는 것이 우선이며 필요시 준수를 회복하기 위한 옵션을 고려할 것이라고 밝혔습니다.
Brenmiller Energy (Nasdaq : BNRG), fournisseur de solutions de stockage d'énergie thermique, a reçu une notification de Nasdaq concernant le non-respect de l'exigence de prix minimum d'offre. L'action de l'entreprise doit maintenir un prix minimum d'offre de 1,00 $ par action pour rester cotée. Brenmiller s'est vu accorder un délai de grâce de 180 jours jusqu'au 3 février 2025 pour retrouver la conformité.
Pour être en conformité, le prix de clôture de l'action doit être d'au moins 1,00 $ pendant au moins dix jours ouvrables consécutifs. En cas d'échec, Brenmiller pourrait être éligible à un délai supplémentaire de 180 jours s'il remplit d'autres exigences de cotation du Nasdaq Capital Market. Le non-respect pourrait entraîner un radiation de la liste. La société déclare que le maintien de son inscription au Nasdaq est une priorité et qu'elle considérera des options pour retrouver la conformité si nécessaire.
Brenmiller Energy (Nasdaq: BNRG), Anbieter von thermischen Energiespeicherlösungen, hat eine Nasdaq-Benachrichtigung bezüglich des Nichteinhaltens der Mindestangebotspreisanforderung erhalten. Die Aktie des Unternehmens muss einen Mindestangebotspreis von 1,00 $ pro Aktie aufrechterhalten, um weiterhin gelistet zu bleiben. Brenmiller hat einen 180-tägigen Aufschub bis zum 3. Februar 2025 erhalten, um die Einhaltung wiederherzustellen.
Um konform zu sein, muss der Schlusskurs der Aktie mindestens 1,00 $ für mindestens zehn aufeinanderfolgende Geschäftstage betragen. Sollte dies nicht gelingen, könnte Brenmiller für einen weiteren Zeitraum von 180 Tagen in Frage kommen, sofern es andere Anforderungen für die Nasdaq Capital Market-Listung erfüllt. Das Nichteinhalten könnte zu Delisting führen. Das Unternehmen erklärt, dass die Aufrechterhaltung seiner Nasdaq-Listung eine Priorität hat und gegebenenfalls Optionen zur Wiederherstellung der Einhaltung prüfen wird.
- Granted 180-day grace period to regain compliance
- Possibility of additional 180-day compliance period if other requirements are met
- Company prioritizes maintaining Nasdaq listing
- Non-compliance with Nasdaq minimum bid price requirement
- Risk of delisting if compliance is not achieved
- Stock price below $1.00 per share
Insights
This Nasdaq minimum bid price notification is a common occurrence for small-cap companies and doesn't immediately impact Brenmiller Energy's operations. However, it signals potential investor concerns and liquidity issues. The company has until February 3, 2025 to regain compliance, providing ample time to address the situation. Possible strategies include a reverse stock split or enhancing investor relations to boost share price. While not an immediate threat, failure to comply could lead to delisting, affecting the company's ability to raise capital and investor confidence. Investors should monitor the company's efforts to regain compliance and assess the underlying factors causing the share price decline.
This notification reflects broader market challenges for clean energy companies. Brenmiller Energy, specializing in thermal energy storage, operates in a sector facing headwinds from rising interest rates and shifting investor sentiment. The
ROSH HA’AYIN,
According to the Notice, the Company has until February 3, 2025, to regain compliance with the minimum bid price requirement. The Company can regain compliance if, at any time during this 180-day period, the closing bid price of its ordinary shares is at least
If the Company cannot demonstrate compliance by the allotted compliance period(s), Nasdaq's staff will notify the Company that its ordinary shares are subject to delisting.
Brenmiller Energy’s continued listing on Nasdaq remains a key priority for the Company. Should the situation not resolve itself over the above-mentioned timeframe, the Company intends to consider available options to cure the deficiency and regain compliance with the minimum bid price requirement within the compliance period.
About bGen™
Brenmiller’s TES system, bGen™, converts electricity into heat to power sustainable industrial processes at a price that is competitive with natural gas. The bGen charges by capturing low-cost electricity from renewables or the grid and stores it in crushed rocks. It then discharges steam, hot water, or hot air on demand according to customer requirements. The bGen also supports the development of utility-scale renewables by providing critical flexibility and grid-balancing capabilities. In 2023, bGen™ was named among TIME’s Best Inventions in the Green Energy category.
About Brenmiller Energy Ltd.
Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller’s patented bGen™ 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 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 and Israeli securities laws. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, we are using forward-looking statements when we are discussing regaining compliance with Nasdaq’s continued listing requirements, and the timing and effect thereof. 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 its 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
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Media Contact:
Tori Bentkover
brenmillerenergy@antennagroup.com
Source: Brenmiller Energy Ltd.
FAQ
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