Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 31

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 31
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 approval. The exemption
is subject to certain conditions, including, among others: (i) The distribution meets the Solvency Criteria; and (ii) no rejection was
filed by any of the company’s creditors to the court. If any creditor objects to the distribution, the company will be required
to obtain the court’s approval for the distribution.

Payment of dividends may be subject to Israeli withholding taxes.

<div align='center'>15

CAPITALIZATION</div>

The following table sets
forth our cash and cash equivalents and our capitalization as of December 31, 2024:

| ● | on an actual 
 basis;       |

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

| (i) | the issuance and sale of 2,942,574 Ordinary Shares from                                                                  
 December 31, 2024 to the date of this prospectus under  the ATM Sales Agreement, pursuant to an “at the market offering” 
 program and the receipt, of net proceeds of $2,098 thousand from such sales;                                             |

| (ii) | the issuance and sale of 2,307,693 securities in the May 
 2025 Public Offering;                                    |

| (iii) | the issuance of an aggregate                                                                                                     
 of 234,201 Ordinary Shares with respect to 234,201 restricted share units we have granted to employees from December 31, 2024 to 
 the date of this prospectus; and                                                                                                 |

| ● | on a pro forma as adjusted                                                                       
 basis which gives further effect to the exercise of the 888,890 Warrants in the Public Offering. |

You should read this table
in conjunction with “Item 5. Operating and Financial Review and Prospects” in our 2024 Annual Report and our financial
statements and related notes incorporated by reference in this prospectus.

|                                                                                                                                 |     | As of December 31, 2024 |          |   |     |           |          |   |     |             |          |   |
|:--------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------|---------:|:--|:----|:----------|---------:|:--|:----|:------------|---------:|:--|
| U.S.                                                                                                                            
 dollars in thousands                                                                                                            |     | Actual                  |          |   |     | Pro forma |          |   |     | Pro forma   
 as adjusted |          |   |
| Cash and cash equivalents                                                                                                       |     |