Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 44

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 44
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 4, 2025, the One Big Beautiful Bill (the
“OBBB”) Act was enacted in the United States. This legislation increases federal support for oil and gas production while
reducing support for renewable energy and infrastructure development. Notably, the OBBBA accelerates the phaseout of certain clean energy
tax credits established under the Inflation Reduction Act (the “IRA”), including the clean electricity production and investment
credits for solar and wind projects. These credits will no longer apply to projects that begin construction more than 12 months after
the enactment date, or that are placed in service after December 31, 2027. Certain provisions of the OBBBA remain subject to further regulatory
interpretation and implementation that are expected to be finalized during the remainder of 2025. The OBBBA, along with other evolving
trade and immigration policies, may have both positive and negative effects on our business. Potential impacts include, but are not limited
to, shifts in the timing and scope of customer projects, fluctuations in demand for our services, and changes in capital and labor costs,
including availability.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

For a summary of the critical accounting policies
and estimates that we use in the preparation of our unaudited Condensed Consolidated Financial Statements, see “Critical Accounting
Policies and Estimates” in our Annual Report on Form 10-K for the year ended December 31, 2024. There have been no significant
changes to our policies during the nine months ended September 30, 2025 from those disclosed in our Annual Report on Form 10-K for the
year ended December 31, 2024.

<div align='center'>S-27

USE OF PROCEEDS</div>

In accordance with the terms
of the Sale Agreement, under this prospectus supplement and the accompanying prospectus, we may issue and sell up to $200,000,000 of
shares of our Common Stock from time to time through the Agents. The amount of net proceeds we will receive from this offering, if any,
will depend upon the actual number of shares of Common Stock sold and the market price at which such shares are sold. Further, because
there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions
and net proceeds to us, if any, are not determinable at this time.

On January 18, 2024, the
Company entered