Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 13

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 13
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 below and discussed under the section captioned “Risk Factors” contained in our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Report for the fiscal quarter ended June 30, 2025, as updated by our subsequent filings under the Exchange Act, which are incorporated by reference into this prospectus supplement and the accompanying prospectus in their entirety. Before purchasing the shares, you should carefully consider each of the following risk factors as well as the other information contained in this prospectus supplement and the accompanying prospectus and the documents incorporated by reference, including our consolidated financial statements and the related notes. Each of these risk factors, either alone or taken together, could materially and adversely affect our business, operating results and financial condition, as well as adversely affect the value of an investment in the shares. The risks described below are not the only ones we face. Additional risks of which we are not presently aware or that we currently believe are immaterial which may also impair our business operations and financial position. If any of the events described below were to occur, our financial condition, our results of operations or our future growth prospects could be materially and adversely affected. As a result, you could lose some or all of any investment you may have made or may make in our Company.

Risks Related to Our Business

You should read and consider
the significant risk factors specific to our business before making an investment decision. Those risks are described in the section entitled
“Risk Factors—Risks Relating to Our Industry and Our Business” in our Annual Report on Form 10-K for the year ended
December 31, 2024, and in Part 2, Item 1A. of our Quarterly Report for the fiscal quarter ended June 30, 2025. Other than the additional
risk factors set forth below, there have been no material changes to the risk factors set forth in our Annual Report on Form 10-K for
the year ended December 31, 2024. Please be aware that additional risks and uncertainties not currently known to us or that we currently
deem immaterial could also materially and adversely affect our business, results of operations, financial condition, cash flows, prospects
or the value of our Common Stock.

There can be no assurance that our efforts to improve our financial position will be successful or that we will be able to obtain additional capital or refinance any of our debt in the future on commercially reasonable terms or at all.

In January 2024, we