Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 27

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 27
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 referred to in “Item 3.D. Risk Factors,” “Item 4. Information on the Company,” and “Item 5. Operating and Financial Review and Prospects”, in our Annual Report generally.                                                                                |

These statements are only
current predictions and are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry’s
actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking
statements. We discuss many of these risks in this prospectus in greater detail under the heading “Risk Factors” and elsewhere
in this prospectus. You should not rely upon forward-looking statements as predictions of future events.

Although we believe that the
expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance,
or achievements. Except as required by law, we are under no duty to update or revise any of the forward-looking statements, whether as
a result of new information, future events or otherwise, after the date of this prospectus.

<div align='center'>14

USE OF PROCEEDS</div>

We expect to receive
approximately $ million in gross proceeds from the sale of securities offered by us in this offering,
assuming no sale of any Pre-Funded Warrants, based upon an assumed public offering price of $ per
Ordinary Share and accompanying Warrants, which was the last reported sale price on Nasdaq of our Ordinary Shares on
, 2025. However, because this is a reasonable best efforts offering with no minimum number of
securities or amount of proceeds as a condition to closing, the actual offering amount, placement agent fees, and net proceeds to us
are not presently determinable and may be substantially less than the maximum amounts set forth on the cover page of this
prospectus, and we may not sell all or any of the securities we are offering. As a result, we may receive significantly less in net
proceeds. Based on the assumed offering price set forth above, we estimate that our net proceeds from the sale of 75%, 50%, 25% and
10% of the securities offered in this offering would be approximately $ million, $
million, $ million, and $ million, respectively, after deducting the estimated
placement agent fees and estimated offering expenses payable by us, and assuming no issuance of any Pre-Funded Warrants and assuming
no exercise of the Warrants. We will only receive additional proceeds from the exercise of