BrenX Raises $3M in Three August Tranches; Ratchet Cuts Conversion Price to $3.12
BRNX sits 61% above its 52-week low of $2.062 on elevated volume (13× avg).
Summary
BrenX raised $3 million across three August tranches from Alpha Capital, issuing preferred shares and warrants, with a ratchet adjustment lowering the conversion price to $3.12.
Key Events · Financing and Capital Events · BRNX
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Three August Fundings Total $3M
Closed $1M tranches on August 24, 26, and 28, 2026, issuing 3,000 preferred shares with $1,000 stated value each.
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Warrants Add 893,769 Share Overhang
Ordinary warrants to purchase 893,769 shares at $87.36 per share, exercisable immediately and expiring in five years.
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Ratchet Cuts Conversion Price to $3.12
Anti-dilution provision triggered by Second August funding reset conversion price of all previously issued preferred shares to $3.12.
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Post-Closing Share Count
1,624,514 ordinary shares and 3,379 preferred shares outstanding after the Third August funding.
Analysis · BRNX · Manufacturing
BrenX closed three additional fundings with Alpha Capital Anstalt totaling $3 million in August 2026, issuing 3,000 preferred shares convertible at prices between $3.12 and $3.928 per share, plus warrants to buy 893,769 ordinary shares at $87.36. The Second August funding triggered an anti-dilution ratchet that reset the conversion price of all previously issued preferred shares to $3.12, increasing potential dilution for existing holders. The company now has 1,624,514 ordinary shares outstanding, and the preferred shares and warrants add substantial overhang. Proceeds fund commercial TES projects across Europe, the U.S., and the Middle East.
How filings like this one have moved
In the 30 days to Sep 13, 2026, 29.5% of the 1672 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.22%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BRNX was trading at $3.31 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.8M. The 52-week trading range was $2.06 to $512.40. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.