Company: BWAY
Filing Date: 2025-05-01
Form Type: 424B3
Source: 0001171843-25-002668
Chunk: 28

Company: Brainsway Ltd.
Filing Date: 2025-05-01
Form: 424B3
Chunk 28
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 with respect to the securities. All of the foregoing may affect the marketability of the securities and the
ability of any person or entity to engage in market-making activities with respect to the securities.

The aggregate proceeds to the selling shareholder from
the sale of Offered ADSs or Ordinary Shares offered by it will be the purchase price of such securities less discounts or commissions,
if any. The selling shareholder reserves the right to accept and, together with its agents from time to time, to reject, in whole or in
part, any proposed purchase to be made directly or through agents. We will not receive any of the proceeds from this offering.

We have agreed to indemnify the selling shareholder,
each person who controls the selling shareholder and its officers, directors, employees, stockholders, members, representatives and affiliates
in certain circumstances against certain losses, claims, damages or liabilities to which they may become subject, including certain liabilities
under the Securities Act.

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<div align='center'>LEGAL MATTERS</div>

Certain legal matters with respect to the validity
of the offered securities under Israeli law will be passed upon for us by S. Friedman, Abramson & Co. Certain legal matters with respect
to U.S. federal securities law and New York law will be passed upon for us by Haynes and Boone, LLP, New York, New York. Additional legal
matters may be passed upon for the selling shareholder, or any underwriters, dealers or agents by counsel that we will name in the applicable
prospectus supplement.

<div align='center'>EXPERTS</div>

The consolidated financial statements of BrainsWay Ltd. appearing in the registrant's Annual Report on Form 20-F for the year ended December 31, 2024, and the effectiveness of the registrant's internal control over financial reporting as of December 31, 2024 have been audited by Kost Forer Gabbay & Kasierer, a member of EY Global, independent registered public accounting firm, as set forth in their reports thereon, which are incorporated herein by reference. Such consolidated financial statements are incorporated herein by reference in reliance upon such reports given on the authority of such firm as experts in accounting and auditing.

<div align='center'>WHERE YOU CAN FIND MORE INFORMATION</div>

We have filed with the SEC a registration statement
on Form F-3 under the Securities Act, with respect to the securities offered by this prospectus. However, as is permitted by the rules
and regulations of the