Company: BNRG
Filing Date: 2025-05-14
Form Type: 424B4
Source: 0001213900-25-042979
Chunk: 39

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-14
Form: 424B4
Chunk 39
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 and may not enter into a merger with the target company for a period of one year from the date of the
offer, unless the purchaser or such person or entity undertook to effect such an offer or merger in the initial special tender offer.

However, under the Exemptions
Regulations, the aforesaid limitations regarding a “special” tender offer do not apply for an Israeli company whose shares
are listed outside of Israel, provided that if the applicable law as applicable to companies incorporated in the country which the Company
is listed for trade, provide a restriction on the acquisition of control of any proportion of the company or that the acquisition of
control of any proportion requires the purchaser to also offer a purchase offer to shareholders from among the public.

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If, as a result of an acquisition
of shares, the acquirer will hold more than 90% of an Israeli company’s outstanding shares or of a certain class of shares, the
acquisition must be made by means of a tender offer for all of the outstanding shares, or for all of the outstanding shares of such class,
as applicable. In general, if less than 5% of the outstanding shares, or of the applicable class, are not tendered in the tender offer
and more than half of the offerees who have no personal interest in the offer tendered their shares, all the shares that the acquirer
offered to purchase will be transferred to it by operation of law. However, a tender offer will also be accepted if the shareholders
who do not accept the offer hold less than 2% of the issued and outstanding share capital of the company or of the applicable class of
shares. Any shareholders that were an offeree in such tender offer, whether such shareholder accepted the tender offer or not, may request,
by petition to an Israeli court, (i) appraisal rights in connection with a full tender offer, and (ii) that the fair value should be
paid as determined by the court, for a period of six months following the acceptance thereof. However, the acquirer is entitled to stipulate,
under certain conditions, that tendering shareholders will forfeit such appraisal rights.

Lastly, Israeli tax law treats
some acquisitions, such as stock-for-stock exchanges between an Israeli company and a foreign company, less favorably than U.S. tax laws.
For example, Israeli tax law may, under certain circumstances, subject a shareholder who exchanges his, her or its Ordinary Shares for
shares in