Balance Sheet Update
As of December 31, 2023, Brenmiller had cash and cash equivalents of $3.18 million, a net decrease of $3.33 million from $6.51 million on December 31, 2022. This is attributable primarily to fund raising net proceeds during 2023 of approximately $6.3 million which included participation from Brenmiller management, offset by net cash used in operating activities of $6.9 million and an additional $2.6 million used in connection with the Company's Dimona production facility. In January 2024, the Company raised approximately $4 million in gross proceeds in an offering registered with the Securities and Exchange Commission ("SEC").