Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 16

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 16
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 Nasdaq of our Ordinary Shares on                                    
 , 2025, and assuming no sale of Pre-Funded Warrants and that none of the Warrants issued in this                                   
 offering are exercised, after deducting estimated placement agent fees and expenses and estimated offering expenses payable by us, 
 as if the sale of the Ordinary Shares had occurred on December 31, 2024.                                                           |

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RISK FACTORS</div>

An investment in our securities involves a high degree of risk. You should carefully consider the risks and uncertainties described below and those described under the section captioned “Risk Factors” contained in our Annual Report on Form 20-F for the year ended December 31, 2024 and all other information contained or incorporated by reference into this prospectus and the documents incorporated by reference into this prospectus before making an investment in our securities. Our business, financial condition or results of operations could be materially and adversely affected if any of these risks occurs and, as a result, the market price of our securities could decline and you could lose all or part of your investment. This prospectus also contains forward-looking statements that involve risks and uncertainties. See “Cautionary Note Regarding Forward-Looking Statements.” Our actual results could differ materially and adversely from those anticipated in these forward-looking statements as a result of certain factors.

Risks Related to Our Financial Condition and Capital Requirements

Our management has concluded, and the report of our independent registered public accounting firm contains an explanatory paragraph that indicates, that there are conditions that raise substantial doubt about our ability to continue as a going concern, which could prevent us from obtaining new financing on reasonable terms or at all.

We have not yet generated significant revenues from our operations, we had an accumulated deficit as of December 31, 2024 of $102,200
thousand and we also have a history of net losses and negative operating cash flows. In 2022, we began commercializing our products and
services and recently commenced operating a new production facility in Dimona, Israel after shifting our operations from the development
stage to commercial operations. However, we expect to continue incurring losses and negative cash flows from operations until we reach
profitability. As a result of these expected losses and negative cash flows from operations, along with our current cash position, our
management has concluded that these conditions raise substantial doubt about our ability to continue as a going concern. Our consolidated
financial statements do not include any adjustments that might result from the outcome of the uncertainty regarding