Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 0

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 0
---
Filed Pursuant to Rule 424(b)(5)

Registration No. 333-283368

PROSPECTUS SUPPLEMENT
(To prospectus dated April 8, 2025)

<div align='center'>Up to $200,000,000

Babcock & Wilcox Enterprises, Inc.

Common Stock</div>

Babcock & Wilcox
Enterprises, Inc., B. Riley Securities, Inc. (“B. Riley”) and Lake Street Capital Markets, LLC (“Lake Street”
and together with B. Riley, the “Agents”) are parties to a sales agreement (the “Sales Agreement”), under which
we may offer and sell, from time to time, up to $200,000,000 of our common stock, par value $0.01 per share (the “Common Stock”),
pursuant to this prospectus supplement.

Our Common Stock is traded
on the New York Stock Exchange (“NYSE”) under the symbol “BW”. On November 3, 2025, the last reported sale price
of our Common Stock on the NYSE was $3.92 per share.

The securities to which this prospectus supplement and the accompanying prospectus relate will be offered and sold through the Agents over a period of time and from time to time by any method that is deemed to be an “at the market offering” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The Agents are not required to sell any specific number of shares of our Common Stock, but will act as our sales agents using commercially reasonable efforts consistent with their normal trading and sales practices, on mutually agreed terms between the Agents and us. Under the Sales Agreement, the Agents will be entitled to compensation equal to 3% of the gross sales price of all shares of our Common Stock sold through them as our agents. In connection with the sale of Common Stock on our behalf, the Agents will be deemed to be “underwriters” within the meaning of the Securities Act and the compensation of the Agents will be deemed to be underwriting commissions or discounts. The amount of net proceeds we will receive from this offering, if any, will depend upon the actual number of shares of Common Stock sold and the market price at which such shares are sold. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions and net proceeds to us, if any, are not determinable at this time