Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 22

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 22
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partnerships and alliances and licensing arrangements with third parties, we may have to relinquish valuable rights to our technologies
or product candidates or grant licenses on terms that are not favorable to us. If we are unable to raise additional funds through equity
(such as this offering) or debt financing when needed, we may be required to delay, limit, reduce or terminate our product development
or commercialization efforts or grant rights to develop and market product candidates that we would otherwise prefer to develop and market
ourselves. Future sales of our Ordinary Shares or of securities convertible into our Ordinary Shares, or the perception that such sales
may occur, could cause immediate dilution and adversely affect the market price of our Ordinary Shares.

There is no public market for the Pre-Funded Warrants and Warrants being offered in this offering.

There is no established public
trading market for the Pre-Funded Warrants and Warrants being offered in this offering, and we do not expect a market to develop. In addition,
we do not intend to apply to list the Pre-Funded Warrants or Warrants on any national securities exchange or other nationally recognized
trading system. Without an active market, the liquidity of the Pre-Funded Warrants and Warrants will be limited.

Holders of the Pre-Funded Warrants and Warrants purchased in this offering will have no rights as shareholders until such holders exercise their Pre-Funded Warrants and Warrants and acquire our Ordinary Shares.

Until holders of the Pre-Funded
Warrants and Warrants acquire Ordinary Shares upon exercise of the Pre-Funded Warrants and Warrants, holders of Pre-Funded Warrants and
Warrants will have no rights with respect to the Ordinary Shares underlying such Pre-Funded Warrants and Warrants. Upon exercise of the
Pre-Funded Warrants and Warrants, the holders will be entitled to exercise the rights of a shareholder of Ordinary Shares only as to matters
for which the record date occurs after the exercise date.

The Pre-Funded Warrants and the Warrants are speculative in nature.

The Pre-Funded Warrants and
Warrants offered hereby do not confer any rights of Ordinary Share ownership on their holders, such as voting rights or the right to receive
dividends, but rather merely represent the right to acquire Ordinary Shares at a fixed price. Specifically, commencing on the date of
issuance, holders of the Pre-Funded Warrants may acquire the Ordinary Shares issuable upon exercise of such warrants at an exercise price
of $0