Brenmiller Energy Ltd. Regains Compliance with Nasdaq Minimum Closing Bid Price Rule
20 Dezembro 2023 - 10:00AM
Business Wire
Brenmiller Energy Ltd. ("Brenmiller", "Brenmiller Energy” or the
“Company”) (Nasdaq: BNRG), a clean energy company that provides
Thermal Energy Storage (“TES”) systems to global industrial and
utility markets, today announced 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 delivers scalable thermal energy storage
solutions and services that allow customers to cost-effectively
decarbonize their operations. Its patented bGen thermal storage
technology enables the use of renewable energy resources, as well
as waste heat, to heat crushed rocks to very high temperatures.
They can then store this heat for minutes, hours, or even days
before using it for industrial and power generation processes. With
bGen, organizations have a way to use electricity, biomass and
waste heat to generate the clean steam, hot water and hot air they
need to mold plastic, process food and beverages, produce paper,
manufacture chemicals and pharmaceuticals or drive steam turbines
without burning fossil fuels. For more information visit the
company’s website at https://bren-energy.com/ and follow the
company on X (formerly Twitter) and LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20231220267342/en/
Media Contact: Tori Bentkover
brenmillerenergy@antennagroup.com
Brenmiller Energy (NASDAQ:BNRG)
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