Company: BWNB
Filing Date: 2025-06-10
Form Type: 424B5
Source: 0001104659-25-058204
Chunk: 34

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-06-10
Form: 424B5
Chunk 34
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 single series with the Series A Preferred Stock offered by this prospectus supplement
and the accompanying prospectus. Each share of the Series A Preferred Stock shall be identical in all respects to every other share
of the Series A Preferred Stock. As used in this prospectus supplement, “accrual” (or similar terms) used with respect
to a dividend or dividend period refers only to the determination of the amount of such dividend and does not imply that any right to
a dividend in any dividend period that arises prior to the date on which such dividend is declared.

In addition, subject to the
limitations described herein, we may issue additional preferred stock from time to time in one or more series, each with such designation,
powers, preferences and relative, participating, optional or other special rights, and the qualifications, limitations or restrictions
applicable to any of those rights, including dividend rights, voting rights, conversion or exchange rights, terms of redemption and liquidation
preferences, as our board of directors (or a duly authorized committee of our board of directors) may determine prior to the time of
such issuance.

| 9 |

The registrar, transfer agent
and distributions disbursing agent for the Series A Preferred Stock as of May 7, 2021 (the “Original Issue Date”)
is Computershare Trust Company, N.A. We may terminate such appointment and may appoint a successor transfer agent, registrar and/or distributions
disbursing agent for the Series A Preferred Stock at any time and from time to time. The transfer agent, registrar and/or distributions
disbursing agent may be a person or entity affiliated with us.

Ranking

The Series A Preferred
Stock will, as to dividend rights and rights as to the distribution of assets upon our liquidation, dissolution or winding up, rank:

| 1) | Senior to all classes or                                                                                                      
 series of our common stock and to all other capital stock issued by us expressly designated as ranking junior to the Series A 
 Preferred Stock;                                                                                                              |

| 2) | On parity with any future                                                                                                       
 class or series of our capital stock expressly designated as ranking on parity with the Series A Preferred Stock, none of which 
 exists on the date hereof;                                                                                                      |

| 3) | Junior to any future class                                                                                                  
 or series of our capital stock expressly designated as ranking senior to the Series A Preferred Stock, none of which exists 
 on the date hereof; and                                                                                                     |

| 4) |