Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 17

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 17
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 our ability to continue
as a going concern. This going concern opinion could materially limit our ability to commercialize our products and services and raise
additional funds through the issuance of equity or debt securities or otherwise. Further reports on our consolidated financial statements
may include an explanatory paragraph with respect to our ability to continue as a going concern. Until we can generate significant recurring
revenues, we expect to satisfy our future cash needs through debt or equity financing. We cannot be certain that additional funding will
be available to us on acceptable terms, if at all. If funds are not available, we may be required to delay, reduce the scope of, or eliminate
research or development plans for, or commercialization efforts with respect to our products. This may raise substantial doubts about
our ability to continue as a going concern.

Risks Related to this Offering and the Ownership of our Ordinary Shares, Warrants and Pre-Funded Warrants

Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.

On August 12, 2024, we received
a written notice from the Nasdaq Stock Market indicating that we are not in compliance with the minimum bid price
requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum
bid price of $1.00 per share. Under Nasdaq Listing Rule 5810(c)(3)(A), we were granted a grace period of 180 calendar days to regain compliance
with the minimum bid price requirement. On January 16, 2025, we announced that we received a written notice from Nasdaq that we have regained
compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). The Nasdaq staff
made this determination of compliance after the closing bid price of our ordinary shares on Nasdaq was at $1.00 per share or greater for
the 10 consecutive business days prior to the date of the notice. Accordingly, we have regained compliance with Nasdaq Listing Rule 5550(a)(2),
and Nasdaq considers the prior bid price deficiency matter now closed.

However, there can be no assurance
that we will be able to maintain compliance with the minimum bid price requirement or that we will otherwise be in compliance with other
Nasdaq listing criteria.

If, for any reason, Nasdaq
delists our securities from