Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 71

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 4A
Chunk 71
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 or a structural change in the Company’s
group, restrictions on incurring indebtedness without the prior written consent of EIB other than trade credit extension, restrictions
on intercompany loans, our compliance with EU and Israeli environmental laws, prohibitions on the distribution of dividends without the
prior written consent of EIB and limitations on our ability to receive only permitted government grants scheduled in the agreement and
up to the amount that is set forth in the agreement. Furthermore, we may not create a negative pledge of security over our assets, subject
to certain conditions, and we covenant to maintain a balance of cash and cash equivalents of at least €350,000. For more information
on our facility with EIB, see Note 10 to our audited consolidated financial statements included elsewhere in this annual report.

On November 27, 2024, we signed
an additional amendment to the credit facility agreement by and between us and the EIB, in which EIB provided its consent and amended
certain provisions of the EIB Agreement to facilitate us to close the August 2024 Private Placement (as defined below).

Current Outlook

As of December 31, 2024, our
total cash and cash equivalents and restricted deposits shown in the statement of cash flows were $4,130 thousand. See, “Item
5. B Operating and Financial Review and Prospects - Liquidity and Capital Resources”for more information.