Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 43

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 43
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 or
her inventions. Case law clarifies that the right to receive consideration for “service inventions” can be waived by the employee.
The Compensation and Royalties Committee will examine, on a case-by-case basis, the general contractual framework between the parties,
using interpretation rules of the general Israeli contract laws. Further, the Compensation and Royalties Committee has not yet determined
one specific formula for calculating this remuneration but rather uses the criteria specified in the Israeli Patent Law. Although we enter
into assignment-of-invention agreements with our employees pursuant to which such individuals waive their right to remuneration for service
inventions, we may face claims demanding remuneration in consideration for assigned inventions. Due to such claims, we could be required
to pay additional remuneration or royalties to our current and/or former employees or be forced to litigate such claims, which could negatively
affect our business.

ITEM 4. INFORMATION ON THE
COMPANY

A. History and Development of the Company.

We are an Israeli corporation
based in Rosh Haayin, Israel, and were incorporated in Israel in 2012 as Brenmiller Energy Consulting Ltd. On July 2, 2013, we filed a
name change certificate to change our name to Brenmiller Energy Ltd. In August 2017, we became a public company in Israel and our Ordinary
Shares were listed for trade on the TASE. On May 25, 2022, our Ordinary Shares were listed and began trading on Nasdaq. On September 11,
2023, we delisted our ordinary shares from trading on the TASE.

We are an “emerging
growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, or the Securities Act, as modified by the
JOBS Act. As such, we are eligible to, and intend to, take advantage of certain exemptions from various reporting requirements applicable
to other public companies that are not “emerging growth companies” such as not being required to comply with the auditor attestation
requirements of Section 404 of the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act. We could remain an “emerging growth company”
for up to five years, or until the earliest of (a) the last day of the first fiscal year in which our annual gross revenues exceeds $1.235
billion, (b) the date that we become a “large