Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 19

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 19
---

sales might occur, could lower the market price of our Common Stock and impede our ability to raise capital through the issuance of equity
securities. Any sales, or perception of sales, by our existing shareholders could also impact the perception of shareholder support for
us, which could in turn negatively affect our customer and supplier relationships. Further, if we were to issue additional equity securities
(or securities convertible into or exchangeable or exercisable for equity securities) to raise additional capital, our shareholders’
ownership interests in the Company will be diluted and the value of our Common Stock may be reduced.

Future offerings of debt securities or preferred equity securities, which would be senior to our Common Stock, may adversely affect the market price of our Common Stock.

In the future, we may attempt
to increase our capital resources by offering debt or preferred equity securities, including medium term notes, senior or subordinated
notes and classes of preferred stock. Debt securities or shares of preferred stock will generally be entitled to receive interest payments
or distributions, both current and in connection with any liquidation or sale, prior to the holders of our Common Stock. We are not required
to offer any such additional debt or preferred equity securities to existing common stockholders on a preemptive basis, and we may generally
issue any such debt or preferred equity securities in the future without obtaining the consent of our common stockholders. As a result,
any such future offerings of debt securities or preferred equity securities may adversely affect the market price of the Common Stock.

<div align='center'>S-12</div>

We will have broad discretion in the use of the net proceeds from this offering and, despite our efforts, we may use the net proceeds in a manner that does not increase the value of your investment.

We intend to use the net
proceeds from the sale of shares of our Common Stock in this offering for working capital and general corporate purposes. We retain broad
discretion over the use of the net proceeds from the sale of shares of Common Stock and, accordingly, you will need to rely upon the judgment
of our board of directors and management with respect to the use of proceeds, potentially with only limited information concerning our
specific intentions. These proceeds could be applied in ways that do not improve our operating results or increase the value of your investment.

We do not currently pay regular dividends on our Common Stock, so holders of our Common Stock may not receive funds without selling their shares of our Common Stock.

We have no current intent
to pay a regular dividend,