The parties are advancing toward a full and final settlement of the existing loan facility — a significant step that, if completed, the Company expects would reduce its debt and strengthen its financial position as it executes the BrenX growth strategy. As part of the waiver, the EIB has agreed to temporarily waive certain rights arising solely from the Company's scheduled payment obligation with respect to an approximately €1.7 million loan payment due on July 28, 2026, with the waiver remaining in effect through September 15, 2026, unless earlier terminated or extended in accordance with its terms, thereby providing the Company with additional time to pursue a definitive settlement while preserving near-term liquidity, preserving near-term cash as the parties work toward a settlement designed to lower Brenmiller's debt and free capital for growth.

The process builds on a long-standing relationship with the EIB, whose financing supported Brenmiller in establishing the world's first gigafactory dedicated to producing TES systems. This manufacturing platform created the industrial foundation for the Company's proprietary bGen™ technology and helped position Brenmiller to pursue the next stage of its development.

BrenX represents the Company's evolution from primarily manufacturing and selling TES systems into an integrated industrial energy developer and provider. Under the BrenX strategy, the Company intends to combine its proprietary bGen™ technology with renewable generation, energy management and complementary infrastructure to develop, own and optimize energy assets under long-term commercial structures.