BRENX LTD. (BNRG) Form 6-K — Sep 15, 2026
BrenX Ltd. (Nasdaq: BRNX) has signed a settlement agreement with the European Investment Bank that eliminates approximately $4.8 million of debt. After an initial €1.1 million settlement payment and confirmation that closing conditions are satisfied, the March 2021 EIB credit facility and its related equipment and receivables pledge will be cancelled and remaining obligations waived.
Key figures
- Debt Amount
- approximately $4.8 million (EIB loan of $4,814 thousand as of June 30, 2026, eliminated in full)
- Cash Position
- $5,689 thousand as of June 30, 2026; illustrative $4,435 thousand after settlement payment
- Assumed eur usd rate
- 1.14
- Total liabilities after
- approximately $4.1 million
- Total liabilities before
- approximately $8.9 million
- Shareholders equity after
- approximately $8.2 million
- Shareholders equity before
- approximately $4.6 million
- Initial settlement payment eur
- €1.1 million
- Potential extinguishment income
- approximately $3.6 million
- Total liabilities reduction pct
- 54
- Shareholders equity increase pct
- 77
- Contingent payment trigger window
- one year following initial settlement payment
- Contingent settlement payment eur
- €2.9 million
- Deferred eib payment waived july 2026
- approximately $1.7 million
AI analysis
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