Company: BWNB
Filing Date: 2025-11-04
Form Type: 8-K
Source: 0001104659-25-106447
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Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-04
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive Agreement.

A-S-H Disposal

On October 31, 2025, Babcock & Wilcox Enterprises, Inc. (the “ Company”),
through certain wholly owned subsidiaries of the Company, Allen-Sherman-Hoff, LLC, The Babcock & Wilcox Company (“ BWC”)
and Babcock & Wilcox Canada Corp. (collectively, the “ Sellers”) completed the sale to Andritz AG through certain of its
wholly-owned subsidiaries, Cinder Acquisitions LLC and Andritz Canada Inc. (collectively, the “ Buyers”) of the assets comprising
the Company’s ash handling business known as Allen-Sherman-Hoff (“ ASH”, and such sale, the “ ASH Disposal”),
pursuant to that certain purchase agreement dated October 31, 2025 (the “ Purchase Agreement”).

The total base purchase price paid pursuant to
the Purchase Agreement was approximately $29,000,000, subject to certain offsets and adjustments. The Purchase Agreement also includes
an undertaking for the Sellers and their affiliates not to compete with the ASH business or to solicit customers or employees with respect
to the ASH business for a period of four years.

In connection with the ASH Disposal, BWC was also
appointed as the exclusive sales representative and reseller for a three-year term within certain designated territories for both the
ASH business and for the Company’s former Diamond Power International, LLC, subsidiary, which was acquired by a subsidiary of Andritz
AG in a transaction that closed on July 31, 2025.

The above summary does not purport to be a complete
description of the Purchase Agreement, and is qualified in its entirety by reference to the complete text of the Purchase Agreement, which
will be filed with the Company’s Annual Report on Form 10-K for the year ending December 31, 2025.

Item 2.02 Results of Operations and Financial Condition.