Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 20

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 20
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 deemed to be underwriting commissions or discounts. We have agreed to provide indemnification
and contribution to the Agents against certain civil liabilities, including liabilities under the Securities Act.

The offering of Common Stock
pursuant to the Sales Agreement will terminate upon the earlier of (i) the sale of the dollar amount of Common Stock subject to the
Sales Agreement or (ii) the termination of the Sales Agreement as permitted therein.

Other Relationships

The Agents and certain of
their respective affiliates are full service financial institutions engaged in various activities, which may include securities trading,
commercial and investment banking, financial advisory, investment management, investment research, principal investment, hedging, financing
and brokerage activities. Certain Agents and their respective affiliates have, from time to time, performed, and may in the future perform,
various commercial and investment banking and financial advisory services for the Company and our affiliates, for which they received
or may in the future receive customary fees and expenses.

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In the ordinary course of
their various business activities, the Agents and certain of their respective affiliates actively trade debt and equity securities (or
related derivative securities) and financial instruments for their own account and for the accounts of their customers, and such investment
and securities activities may involve securities and/or instruments of the Company or our affiliates. The Agents and certain of their
respective affiliates may also communicate independent investment recommendations, market color or trading ideas and/or publish or express
independent research views in respect of such securities or instruments and may at any time hold, or recommend to clients that they acquire,
long and/or short positions in such securities and instruments.

The principal business
addresses of the Agents are: Lake Street, 121 S. 8th Street, Suite 1000, Minneapolis, MN 55402 and Craig-Hallum, 323 North
Washington Avenue, Suite 300, Minneapolis, MN 55402.

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<div align='center'>LEGAL MATTERS</div>

Certain legal matters will
be passed upon for us by O’Melveny & Myers LLP, and for the Agents by Duane Morris LLP.

<div align='center'>EXPERTS</div>

The financial statements
of Babcock & Wilcox Enterprises, Inc. as of December 31, 2024 and 2023, and for each of the three years in the period
ended December 31, 2024, incorporated by reference into this prospectus supplement, and the effectiveness of Babcock & Wilcox