Company: BNRG
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038040
Chunk: 32

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-01
Form: F-1/A
Chunk 32
---
   (2,053 | ) |     |           |   (2,053 | ) |     |              |   (2,053 | ) |
| Accumulated deficit                                                                                                                                                                                                                                                                                             |     |                         | (102,200 | ) |     |           | (102,427 | ) |     |              | (102,427 | ) |
| Total equity                                                                                                                                                                                                                                                                                                    |     | $                       |    4,486 |   |     | $         |    5,666 |   |     | $            |    9,151 |   |
| Total capitalization                                                                                                                                                                                                                                                                                            |     | $                       |    9,099 |   |     | $         |    9,979 |   |     | $            |   13,464 |   |

The number of Ordinary Shares
to be outstanding immediately after this offering as shown above is based on 8,806,619 Ordinary Shares outstanding as of April 24, 2025
and assumes that all of the Ordinary Shares offered hereby are sold and no Pre-Funded Warrants were sold. This number excludes:

| ● | an                                                                                                                                     
 aggregate of 543,205 Ordinary Shares issuable upon the exercise of outstanding options to purchase Ordinary Shares, at exercise prices 
 ranging between $0.01 to $247.10 per Ordinary Share, issued to directors, officers, service providers and employees; and               |

| ● | an                                                                                                                                        
 aggregate of 1,371,495 Ordinary Shares issuable upon the exercise of outstanding warrants to purchase Ordinary Shares, at exercise prices 
 ranging between $5.0 to $16.66 per Ordinary Share, issued to certain investors in connection with private placements.                     |

A $0.20 increase (decrease)
in the assumed public offering price of $1.332 per Ordinary Share and accompanying Warrant would increase (decrease) the pro forma
as adjusted amount of each of cash and cash equivalents by approximately $0.6 million and increase (decrease) shareholders’
equity by approximately $0.6 million, assuming the offering of 3,003,003 Ordinary Shares and accompanying Warrants in this
offering and no sale of Pre-Funded Warrants.

<div align='center'>17

DILUTION</div>

If you invest in our securities,
your interest will be diluted immediately to the extent of the difference between the public offering price per Ordinary Share you will
pay in this offering and the pro forma as adjusted net tangible book value