Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 30

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 30
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 information).

<div align='center'>16

CAPITALIZATION</div>

The following table sets forth
our cash and cash equivalents and our capitalization as of December 31, 2024:

| ● | on an actual basis; |

| ● | on a pro forma               
 basis which gives effect to: |

| (i) | the issuance and sale of 477,627 Ordinary Shares from December 31,                                   
 2024 to the date of this prospectus under a sales agreement pursuant to an “at-the-market” offering; |

| (ii) | the issuance of an aggregate of 234,201 Ordinary Shares                                                                                
 with respect to 234,201 restricted share units we have granted to employees from December 31, 2024 to the date of this prospectus; and |

The pro forma as adjusted
information set forth in the table below is illustrative only and will be adjusted based on the actual public offering price and other
terms of this offering determined at pricing. The below assumes that all of the Ordinary Shares offered hereby are sold, and that no Pre-Funded Warrants are issued in this offering which, if sold, would reduce the number of ordinary shares that we are offering on a one-for-one basis.

You should read this table
in conjunction with the sections titled “Selected Financial Data” and our financial statements and related notes incorporated
by reference in this prospectus.

|                                                                                                                       |     | As of December 31, 2024 |          |   |     |           |          |   |     |              |
|:----------------------------------------------------------------------------------------------------------------------|:----|:------------------------|---------:|:--|:----|:----------|---------:|:--|:----|:-------------|
| U.S. dollars in thousands                                                                                             |     | Actual                  |          |   |     | Pro forma |          |   |     | Pro forma as 
 adjusted     |
| Cash and cash equivalents                                                                                             |     | $                       |    4,101 |   |     | $         |    4,981 |   |     | $            |
| Debt:                                                                                                                 |     |                         |          |   |     |           |          |   |     |              |
| European Investment Bank (“EIB”) loan                                                                                 |     |                         |    4,303 |   |     |           |    4,303 |   |     |              |
| Share based payment liability                                                                                         |     |                         |      300 |