Company: BNRG
Filing Date: 2025-05-14
Form Type: 424B4
Source: 0001213900-25-042979
Chunk: 37

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-14
Form: 424B4
Chunk 37
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 of association provide for a staggered board of directors, which mechanism may delay, defer or prevent a change of control of
our board of directors. Other than that, there are no specific provisions of our amended and restated articles of association that would
have an effect of delaying, deferring or preventing a change in control of the Company or that would operate only with respect to a merger,
acquisition or corporate restructuring involving us (or any of our subsidiaries). However, as described below, certain provisions of
the Companies Law may have such effect.

The Companies Law includes
provisions that allow a merger transaction and requires that each company that is a party to the merger have the transaction approved
by its board of directors and unless certain requirements described under the Companies Law are met, a vote of the majority of shareholders,
and, in the case of the target company, also a majority vote of each class of its shares. For purposes of the shareholder vote of each
party, unless a court rules otherwise, the merger will not be deemed approved if shares representing a majority of the voting power present
at the shareholders meeting and which are not held by the other party to the merger (or by any person or group of persons acting in concert
who holds 25% or more of the voting power or the right to appoint 25% or more of the directors of the other party) vote against the merger.
If, however, the merger involves a merger with a company’s own controlling shareholder or if the controlling shareholder has a
personal interest in the merger, then the merger will be subject to the same Special Majority approval that governs all extraordinary
transactions with controlling shareholders instead. Upon the request of a creditor of either party to the proposed merger, the court
may delay or prevent the merger if it concludes that there exists a reasonable concern that as a result of the merger the surviving company
will be unable to satisfy the obligations of any of the parties to the merger and may further give instructions to secure the rights
of creditors. If the transaction would have been approved by the shareholders of a merging company but did not receive the separate approval
of each class or the exclusion of the votes of certain shareholders or receive the approval of the general meeting of the shareholders,
as provided above, a court may still approve the merger upon the petition of holders of at least 25% of the voting rights of a company.
For such petition to be granted, the court must find that the merger is fair and reasonable, taking into account the value of the parties