Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 15

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 15
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 unable to do so on commercially reasonable terms or at all, it may materially and adversely affect our reputation,
liquidity, business, financial condition or results of operations, we may breach our obligations under such debt and it may be necessary
for us to reorganize, including through bankruptcy proceedings.

<div align='center'>S-9</div>

Growth of the data center market is difficult to project and may not be sustained, and we may not be successful in achieving our growth, revenue, or profitability objectives in the future related to it.

The increasing use and development
of AI has created significant demand for power generation; however, the growth and development of this rapidly evolving industry is difficult
to project. Our expectations regarding this market may not prove to be accurate or the market may not be sustainable. Our operating results
may fluctuate moving forward as we develop this business. Our expectations around growth for this market may also place significant demands
on our management team and require significant capital investment as well as other resources. We may not be able to address these challenges
in a cost-effective manner or at all, which could have an impact on our future objectives for growth, revenue, or profitability as well
as our financial results and operations.

Risks Related to this Offering

Our financial information represents management’s current reconciliation and are subject to change.

Our actual financial results
as of, and for the three months and nine months ended September 30, 2025 are subject to the completion of our financial statements as
of such date and for such period. Such actual financial results will not be available until after this offering commences. Our financial
closing procedures for the three months ended and as of September 30, 2025 are not yet complete and, as a result, the actual results for
the three months and nine months ended September 30, 2025 included in the financial results for the three months ended September 30, 2025
are not expected to, but may, vary from the unaudited financial results presented herein. Our actual financial results as of, and for
the three months ended, September 30, 2025 may differ from the financial results we have provided as a result of completion of our final
adjustments, review by our independent registered public accountants and other developments arising between now and the time that our
financial results for such period are finalized.

The financial information
included in this prospectus supplement has been prepared by, and is the responsibility of, our management. BDO