Company: BNRG
Filing Date: 2025-05-14
Form Type: 424B4
Source: 0001213900-25-042979
Chunk: 38

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-14
Form: 424B4
Chunk 38
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to the merger and the consideration offered to the shareholders. In addition, a merger may not be completed unless at least (1) 50 days
have passed from the time that the requisite proposals for approval of the merger were filed with the Israeli Registrar of Companies
by each merging company and (2) 30 days have passed since the merger was approved by the shareholders of each merging company.

The Companies Law also provides
that, subject to certain exceptions, an acquisition of shares in an Israeli public company must be made by means of a “special”
tender offer if as a result of the acquisition (1) the purchaser would become a holder of 25% or more of the voting rights in the company
unless there is already another holder of at least 25% or more of the voting rights in the company or (2) the purchaser would become
a holder of 45% or more of the voting rights in the company unless there is already a holder of more than 45% of the voting rights in
the company. These requirements do not apply if, in general, the acquisition (1) was made in a private placement that received shareholders’
approval, subject to certain conditions, (2) was from a holder of 25% or more of the voting rights in the company which resulted in the
acquirer becoming a holder of 25% or more of the voting rights in the company, or (3) was from a holder of more than 45% of the voting
rights in the company which resulted in the acquirer becoming a holder of more than 45% of the voting rights in the company. A “special”
tender offer must be extended to all shareholders. In general, a “special” tender offer may be consummated only if (1) at
least 5% of the voting power attached to our outstanding shares will be acquired by the offeror and (2) the offer is accepted by a majority
of the offerees who notified the company of their position in connection with such offer (excluding the offeror, controlling shareholders,
holders of 25% or more of the voting rights in the company or anyone on their behalf, or any person having a personal interest in the
acceptance of the tender offer). If a special tender offer is accepted, then the purchaser or any person or entity controlling it or
under common control with the purchaser or such controlling person or entity may not make a subsequent tender offer for the purchase
of shares of the target company