Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 87

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 87
---
. To maintain the effectiveness of our disclosure controls and procedures and our internal control over financial reporting,
we expect that we will need to continue enhancing existing, and possibly implement new, financial reporting and management systems, procedures
and controls to manage our business effectively and support our growth in the future. The process of evaluating our internal control over
financial reporting will continue to require an investment of substantial time and resources, including by our Chief Executive Officer,
Chief Financial Officer and other members of our senior management. The determination and any remedial actions required could divert internal
resources and take a significant amount of time and effort to complete and could result in us incurring additional costs that we did not
anticipate, including the hiring of outside consultants. Any failure to implement required new or improved controls, or difficulties encountered
in their implementation could cause us to fail to meet our reporting obligations. In addition, any testing by us conducted in connection
with Section 404 of the Sarbanes-Oxley Act, or any subsequent testing by our independent registered public accounting firm, may reveal
deficiencies in our internal controls over financial reporting that are deemed to be material weaknesses or that may require prospective
or retroactive changes to our financial statements or identify other areas for further attention or improvement. If we identify material
weaknesses in our internal control over financial reporting, if we are unable to comply with the requirements of Section 404 in a timely
manner or to assert that our internal control over financial reporting is effective, or if our independent registered public accounting
firm is unable to express an opinion or issues an adverse opinion in its attestation as to the effectiveness of our internal control over
financial reporting required by Section 404(b), investors may lose confidence in the accuracy and completeness of our financial reports
and the trading price of the ADSs and Ordinary Shares could be negatively affected. We could also become subject to investigations by
Nasdaq or the TASE, the SEC or other regulatory authorities, which could require additional financial and management resources.

  49  

Irrespective of compliance with Section 404, any
failure of our internal controls could have a material adverse effect on our stated results of operations and harm our reputation. As
a result, we may experience higher than anticipated operating expenses, as well as higher independent auditor fees during and after the
implementation of these changes. If we are unable to implement any of the required changes to our internal control over financial reporting
effectively or efficiently, it could adversely affect our operations, financial reporting