Company: BNRG
Filing Date: 2025-11-05
Form Type: F-3/A
Source: 0001213900-25-106675
Chunk: 19

Company: Brenmiller Energy Ltd.
Filing Date: 2025-11-05
Form: F-3/A
Chunk 19
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prospectus will go to the selling shareholder. However, we will receive cash proceeds equal to conversion price of any Preferred Shares
that are converted to Ordinary Shares and the exercise price of the Warrants that are exercised.

We intend to use the proceeds
from the conversion of any Preferred Shares and exercise of the Warrants for general corporate purposes, working capital, and execution
of our commercial TES projects across Europe, the U.S., and the Middle East.

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capitalization</div>

The following table sets forth
our cash and cash equivalents and our capitalization as of June 30, 2025:

| ● | on an actual basis; |

| ● | on a pro forma basis which gives effect to: |

| (i) | the issuance and sale of 476,323 Ordinary Shares from July 1, 2025 to the date of this prospectus pursuant  
 to an “at the market offering” program and the receipt, of net proceeds of $1,124 thousand from such sales; |

| (ii) | the issuance of an aggregate of 24,850 Ordinary Shares with respect to 24,850 restricted share units we 
 have granted to service providers from July 1, 2025 to the date of this prospectus; and                 |

| (iii) | the issuance of 631,579 ordinary shares with respect to exercise of 631,579 Pre-Funded Warrants and sale  
 of 3,800 Preferred Shares and 2,292,418 warrants pursuant to the July 2025 Securities Purchase Agreement. |

| ● | on a pro forma as adjusted basis to give effect to (i) to give effect to the full conversion of Preferred Shares at the conversion price of $2.288, and (ii) the full exercise of the Ordinary Warrants at an exercise price of $2.40 per share. |

The following table should be read in conjunction with “Use of
Proceeds,” our Condensed Consolidated Financial Statements as of and for the Six-Month Period Ended June 30, 2025 and “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” attached as exhibits 99.2 and 99.3, respectively, to our
Report of Foreign Private Issuer on Form 6-K, filed with the SEC on September 30, 2025 that are incorporated by reference into this form,
and the other financial information included or incorporated by reference herein.

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