🔴 Critical Risk

BNRG: Brenmiller Energy Ltd
Dilution Risk Score 94/100

Brenmiller Energy Ltd (BNRG) carries a Critical dilution risk score of 94 out of 100 based on DilutionWatch's real-time analysis of SEC EDGAR filings. Contributing factors include convertible securities representing 123% of current share count, an active shelf registration for $25.0M.

Why BNRG Has a Critical Dilution Risk Score

DilutionWatch scores every ticker on a 0–100 scale by analyzing five components: cash runway, warrant overhang, convertible securities, active shelf/ATM capacity, and historical filing patterns. A score of 94 means BNRG is in the highest-risk category across multiple dimensions simultaneously.

• Cash runway: Estimated at 4.0 months — limited, increasing pressure to raise additional capital in the near term
• Warrant overhang: Outstanding warrants represent 59% of current shares outstanding — significant potential dilution if exercised at or near current prices
• Convertible securities: Convertible notes/instruments represent 123% of current shares — material dilution risk if converted
• Filing pattern: 3 dilutive filings in the past 12 months (last: 2025-11-25), indicating a pattern of repeat capital raises
• Active shelf registration: $25.0M registered for future sale — loaded and ready to execute

Recent SEC Filing History for BNRG

The following dilutive filings have been detected for BNRG in the past 12 months via DilutionWatch's real-time EDGAR monitoring:

How to Monitor BNRG for Dilution Alerts

DilutionWatch polls SEC EDGAR every 60 seconds. When Brenmiller Energy Ltd files an S-3, 424B, 8-K financing disclosure, or any of 25 tracked filing types, you receive an alert before the stock reprices. This is the same monitoring capability that institutional traders use — available to retail investors through DilutionWatch's free tier.