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

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 10
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. Please be aware that additional risks and uncertainties not currently known to us or that we currently deem immaterial
could also materially and adversely affect our business, results of operations, financial condition, cash flows, prospects or the value
of our Common Stock.

Risks Related to this Offering

It is not possible to predict the actual number of shares of Common Stock we will sell under the Sales Agreement, or the gross proceeds resulting from those sales.

Subject to certain limitations
in the Sales Agreement and compliance with applicable law, we have the discretion to deliver a placement notice to the designated Agent
at any time throughout the term of the Sales Agreement. The number of shares of Common Stock that are sold through the Agents will fluctuate
based on a number of factors, including the market price of the Common Stock during the sales period, the limits we set with the Agents
in any applicable placement notice, and the demand for our Common Stock during the sales period. Because the price per share of each share
sold will fluctuate during the sales period, it is not possible to predict the number of shares that will be sold or the gross proceeds
we will raise in connection with those sales.

The Common Stock offered hereby will be sold in “at the market offerings” and investors who buy shares at different times will likely pay different prices.

Investors who purchase Common
Stock in this offering at different times will likely pay different prices, and so may experience different levels of dilution and different
outcomes in their investment results. We will have discretion, subject to market demand, to vary the timing, prices, and numbers of shares
sold in this offering. In addition, there is no minimum price of our Common Stock offered hereby and there is no maximum sales price for
shares of Common Stock to be sold in this offering. Investors may experience a decline in the value of shares that they purchase in this
offering as a result of sales made at prices lower than the prices they paid.

The market price and trading volume of our Common Stock may be volatile.

The U.S. stock markets, including
the NYSE, on which our Common Stock is listed under the symbol “BW,” have experienced significant price and volume fluctuations.
As a result, the market price of shares of our Common Stock is likely to be similarly volatile, and investors in shares of our Common
Stock may experience a decrease in the value of their shares, including decreases unrelated to our operating performance or prospects.
We cannot assure you that the market price of our Common Stock will not fluct