BRENX LTD. (BNRG) Form 424B5 — Oct 14, 2026
BrenX Ltd. filed a 424B5 prospectus supplement establishing an at-the-market offering of up to $2,886,058 of ordinary shares through A.G.P./Alliance Global Partners at a 3.0% commission, under its $75 million F-3 shelf. If fully sold at the $1.32 last sale price, the offering would add 2,186,408 shares, equal to roughly 52.9% of the post-sale share count — massive dilution for a company with only 1,946,972 shares outstanding.
Key figures
- Total Debt
- 4814000
- Cash Position
- $5.689 million (June 30, 2026 actual); $13.24 million pro forma as adjusted
- Gross Proceeds
- 2886058
- Offering Price
- 1.32
- Shares Offered
- 2186408
- Commission Rate
- 3.0%
- Shares Outstanding
- 1,946,972 prior; 4,133,380 pro forma as adjusted
- Shelf capacity
- $75,000,000
- Non affiliate float
- $12,147,739
- Reverse splits 2026
- ["7-for-1 (Jan 26, 2026)","5-for-1 (Apr 15, 2026)","6-for-1 (Aug 13, 2026)"]
- Preferred dividend rate
- 8% on $1,000 stated value
- Potential dilution percent
- 52.9%
- Prior 12mo sales under I.B.5
- $1,163,188
- Aggregate losses prior two years
- $16.4 million
AI analysis
Red flags6 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.