SCHEDULE: Alpha Capital Anstalt Reports 9.99% Stake in Brenmiller Energy

Alpha Capital Anstalt has filed an amended Schedule 13G, disclosing a 9.99% beneficial ownership stake in Brenmiller Energy Ltd. as of September 29, 2025.

Summary

• Alpha Capital Anstalt reported beneficial ownership of 385,594 ordinary shares of Brenmiller Energy Ltd.
• This represents 9.99% of the class of securities.
• The ownership percentage is based on 3,859,800 shares outstanding as of September 16, 2025.
• Alpha Capital Anstalt has sole voting and dispositive power over all 385,594 shares.
• A contractual restriction limits Alpha Capital Anstalt's beneficial control to 9.99% of the shares outstanding.
• The full conversion or exercise of Alpha Capital Anstalt's other securities would exceed this 9.99% restriction.
• The filing date is September 30, 2025, for an event that occurred on September 29, 2025.

Sentiment

Score: 6

Explanation: The filing is neutral to slightly positive as it confirms a significant, passive institutional investment in the company, which can be seen as a vote of confidence, albeit with a stated ownership restriction.

Positives

• Alpha Capital Anstalt maintains a significant, passive stake in Brenmiller Energy Ltd., indicating continued investment interest.
• The reporting person certifies that the securities were not acquired for the purpose of changing or influencing control of the issuer.

Negatives

• The contractual 9.99% ownership restriction prevents Alpha Capital Anstalt from increasing its beneficial control beyond this threshold, even if other securities were fully converted or exercised.

Risks

• The existence of a contractual 9.99% ownership restriction for Alpha Capital Anstalt could limit potential future influence or increased investment by this significant shareholder.

Future Outlook

This filing is a historical report of ownership and does not contain forward-looking statements or guidance from the issuer.

Industry Context

Schedule 13G filings are routine disclosures for passive investors acquiring significant stakes (5% or more) in public companies. This filing indicates Alpha Capital Anstalt's continued passive investment in Brenmiller Energy Ltd., a company likely operating in the energy sector given its name. The 9.99% cap suggests a strategic decision to remain below a threshold that might trigger more stringent reporting or influence.

Comparison to Industry Standards

• The 9.99% ownership stake is a common threshold for passive investors to avoid triggering more active investor reporting requirements (Schedule 13D) or certain corporate governance implications.
• Many institutional investors and funds maintain stakes just below 10% to signal a passive investment strategy and minimize regulatory burden.
• Without specific industry benchmarks for Brenmiller Energy Ltd.'s sector or comparable companies' ownership structures, a direct comparison of this specific stake's significance is limited, but the reporting itself is standard practice.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake and its passive nature. The 9.99% cap might limit potential future activist pressure from this specific investor.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a passive ownership stake by Alpha Capital Anstalt. It confirms a significant, but capped, investment in Brenmiller Energy Ltd. and explicitly states the securities were not acquired to influence control. As such, it provides no new fundamental information about the company's operations, financial performance, or strategic direction that would warrant a change in investment recommendation. Investors should hold based on existing fundamental analysis, as this filing does not present a catalyst for buying or selling.

Keywords

Brenmiller Energy Ltd., Alpha Capital Anstalt, Schedule 13G, Beneficial Ownership, Ordinary Shares, Passive Investment, Shareholder Stake, SEC Filing