Brenmiller Energy CEO comments on reverse share split

CEO Avi Brenmiller said, “As previously announced, today at the close of trading on the Nasdaq Capital Market, Brenmiller Energy (BNRG) 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 East; Commissioning and building over 100 MWh of projects; A $500 million pipeline of commercial opportunities; 4GWh 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? Real operating momentum that we believe will spark interest in our technology-and a reappraisal of the value it truly deserves.”