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Brenmiller Energy Ltd. Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

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Brenmiller Energy (Nasdaq: BNRG), a global provider of thermal energy storage solutions, has announced regaining compliance with Nasdaq's minimum bid price requirement. The company received official notice from Nasdaq confirming that it has met the listing rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.

The compliance was achieved after Brenmiller's ordinary shares maintained a closing bid price at or above $1.00 for 10 consecutive business days. With this achievement, Nasdaq has closed the prior bid price deficiency matter.

Brenmiller Energy (Nasdaq: BNRG), fornitore globale di soluzioni per lo stoccaggio energetico termico, ha annunciato di aver recuperato la conformità con il requisito di prezzo minimo per le offerte di Nasdaq. L'azienda ha ricevuto comunicazione ufficiale da Nasdaq che conferma di aver rispettato la regola di quotazione 5550(a)(2), che richiede ai titoli quotati di mantenere un prezzo minimo di offerta di 1,00 $ per azione.

La conformità è stata raggiunta dopo che le azioni ordinarie di Brenmiller hanno mantenuto un prezzo di chiusura delle offerte pari o superiore a 1,00 $ per 10 giorni lavorativi consecutivi. Con questo risultato, Nasdaq ha chiuso la questione precedente relativa alla carenza di prezzo delle offerte.

Brenmiller Energy (Nasdaq: BNRG), proveedor global de soluciones de almacenamiento de energía térmica, ha anunciado que ha recuperado el cumplimiento con el requisito de precio mínimo por oferta de Nasdaq. La compañía recibió un aviso oficial de Nasdaq confirmando que ha cumplido con la regla de cotización 5550(a)(2), que exige que los valores cotizados mantengan un precio mínimo de oferta de 1,00 $ por acción.

El cumplimiento se logró después de que las acciones ordinarias de Brenmiller mantuvieron un precio de cierre de oferta en o por encima de 1,00 $ durante 10 días hábiles consecutivos. Con este logro, Nasdaq ha cerrado el asunto previo de deficiencia en el precio de oferta.

Brenmiller Energy (Nasdaq: BNRG), 열 에너지 저장 솔루션의 글로벌 제공업체가 Nasdaq의 최소 매도 호가 요건을 준수하게 되었다고 발표했습니다. 이 회사는 Nasdaq으로부터 상장 규칙 5550(a)(2)를 충족했음을 확인하는 공식 통지를 받았으며, 이는 상장된 증권이 주당 최소 매도 호가 1.00 $를 유지해야 함을 요구합니다.

준수는 Brenmiller의 보통주가 10일 연속 거래일 동안 1.00 $ 이상의 매도 호가를 유지한 후 달성되었습니다. 이 성취로 Nasdaq은 이전의 매도 호가 결함 문제를 종료했습니다.

Brenmiller Energy (Nasdaq: BNRG), un fournisseur mondial de solutions de stockage d'énergie thermique, a annoncé avoir retrouvé sa conformité avec l'exigence de prix d'offre minimum de Nasdaq. L'entreprise a reçu une notification officielle de Nasdaq confirmant qu'elle a respecté la règle de cotation 5550(a)(2), qui exige que les titres cotés maintiennent un prix d'offre minimum de 1,00 $ par action.

La conformité a été atteinte après que les actions ordinaires de Brenmiller ont maintenu un prix de clôture des offres à ou au-dessus de 1,00 $ pendant 10 jours de bourse consécutifs. Avec cette réussite, Nasdaq a clos le précédent problème de déficience de prix d'offre.

Brenmiller Energy (Nasdaq: BNRG), ein globaler Anbieter von Lösungen zur thermischen Energiespeicherung, hat angekündigt, die Einhaltung der Mindestgebotsanforderungen von Nasdaq wiederhergestellt zu haben. Das Unternehmen erhielt eine offizielle Mitteilung von Nasdaq, die bestätigt, dass es die Listing-Regel 5550(a)(2) erfüllt hat, die verlangt, dass gelistete Wertpapiere einen Mindestgebotspreis von 1,00 $ pro Aktie aufrecht erhalten müssen.

Die Einhaltung wurde erreicht, nachdem die Stammaktien von Brenmiller einen Schlussgebotskurs von 1,00 $ oder mehr für 10 aufeinanderfolgende Geschäftstage gehalten haben. Mit diesem Erfolg hat Nasdaq die vorherige Angelegenheit der Gebotsmangel geschlossen.

Positive
  • Regained Nasdaq listing compliance, eliminating immediate delisting risk
  • Maintained share price above $1.00 for 10 consecutive trading days
Negative
  • Previous trading below $1.00 indicates recent market weakness

Insights

The regaining of Nasdaq compliance represents a important milestone for Brenmiller Energy, removing a significant regulatory overhang that had been pressuring the stock. Meeting the $1.00 minimum bid requirement eliminates the immediate risk of delisting, which could have forced institutional investors to liquidate positions and retail investors to face complications trading the stock through major brokerages.

While compliance restoration is technically positive, investors should note that barely meeting the minimum threshold indicates continued market skepticism about the company's thermal energy storage solutions business model. The small market cap of approximately $16.3 million suggests institutional interest and potentially challenging access to capital markets for future funding needs. The compliance achievement, while preventing an immediate crisis, does not fundamentally alter the company's business prospects or market position in the competitive renewable energy sector.

ROSH HA’AYIN, Israel--(BUSINESS WIRE)-- Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the “Company”) (Nasdaq: BNRG), a leading global provider of thermal energy storage (“TES”) solutions for industrial and utility customers, announced today that it has received a written notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities, including the Company's ordinary shares, to maintain a minimum bid price of $1.00 per share.

The Nasdaq staff made this determination of compliance after the closing bid price of the Company's ordinary shares on Nasdaq was at $1.00 per share or greater for the 10 consecutive business days prior to the date of the notice. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq considers the prior bid price deficiency matter now closed.

About Brenmiller Energy Ltd.

Brenmiller Energy helps energy-intensive industries and power producers end their reliance on fossil fuel boilers. Brenmiller’s patented bGen™ 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 https://bren-energy.com/ and follow the company on X and LinkedIn.

Media:

Tori Bentkover

brenmillerenergy@antennagroup.com

Source: Brenmiller Energy Ltd.

FAQ

What Nasdaq compliance requirement did BNRG regain in 2024?

Brenmiller Energy (BNRG) regained compliance with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)), which requires maintaining a share price of $1.00 or higher.

How long did BNRG need to maintain its share price above $1.00 to regain Nasdaq compliance?

BNRG needed to maintain a closing bid price of $1.00 or higher for 10 consecutive business days to regain Nasdaq compliance.

What is the minimum share price requirement for BNRG to maintain Nasdaq listing?

BNRG must maintain a minimum bid price of $1.00 per share to comply with Nasdaq Listing Rule 5550(a)(2).

What happens now that BNRG has regained Nasdaq compliance?

Now that BNRG has regained compliance, Nasdaq considers the prior bid price deficiency matter closed, and the company continues its normal listing on the exchange.

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