Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 30

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 30
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. The amounts and timing of our actual
expenditures will depend upon numerous factors, including our development efforts and the overall economic environment. Therefore,
our management will retain broad discretion over the use of the proceeds from this offering. We may ultimately use the proceeds for different
purposes than what we currently intend.

Pending
our use of the net proceeds from the Public Offering, we may invest the net proceeds in a variety of capital preservation investments,
including short-term, investment grade, interest bearing instruments and U.S. government securities.

<div align='center'>14

DIVIDEND POLICY</div>

We have never declared
or paid any cash dividends on our Ordinary Shares and do not anticipate paying any cash dividends in the foreseeable future. Payment
of cash dividends, if any, in the future will be at the discretion of our board of directors and will depend on then-existing conditions,
including our financial condition, operating results, contractual restrictions, capital requirements, business prospects and other factors
our board of directors may deem relevant. Under the Companies Law, the repurchase of shares is considered a dividend distribution.

The Companies Law imposes
further restrictions on our ability to declare and pay dividends. Under the Companies Law, we may declare and pay dividends only if,
upon the determination of our board of directors, there is no reasonable concern that the distribution will prevent us from being able
to meet the terms of our existing and foreseeable obligations as they become due, generally referred to as the Solvency Criteria. Under
the Companies Law, the distribution amount is further limited to the greater of retained earnings or earnings generated over the two
most recent years legally available for distribution according to our then last reviewed or audited financial statements, provided that
the end of the period to which the financial statements relate is not more than six months prior to the date of distribution, generally
referred to as the Earnings Criteria. In the event that we do not meet such Earnings Criteria, we may seek the approval of a court in
order to distribute a dividend. The court may approve our request if it is convinced that we comply with the Solvency Criteria.

However, pursuant to regulations
promulgated under the Companies Law applicable for Israeli companies whose shares are listed on stock exchanges outside of Israel, or
the Exemptions Regulations, an Israeli company whose shares are listed outside of Israel is permitted to perform a distribution
by way of repurchasing its own shares, even if the Earnings Criteria are not met, without the need for court