Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 34

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 34
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The number of Ordinary
Shares to be outstanding immediately after this offering is 14,468,149, which assumes that all of the Outstanding Warrants are
exercised and is based on 13,579,259 Ordinary Shares outstanding as of June 12, 2025. 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;                                                |

| ● | an aggregate of 482,604 Ordinary                                                                 
 Shares issuable upon the exercise of outstanding warrants to purchase Ordinary Shares, at        
 exercise prices ranging between $12.00 to $16.66 per Ordinary Share, issued to certain investors 
 in connection with private placements; and                                                       |

| ● | an aggregate of 4,615,386 Ordinary                                                           
 Shares issuable upon exercise of warrants sold in the May 2025 Offering at an exercise price 
 of $0.75 per Ordinary Share.                                                                 |

To the extent that outstanding
options or warrants are exercised, or we issue additional Ordinary Shares under our 2013 global incentive option plan, you may experience
further dilution. In addition, we may choose to raise additional capital due to market conditions or strategic considerations even if
we believe that we have sufficient funds for our current and future operating plans. To the extent that additional capital is raised through
the sale of equity or convertible debt securities, the issuance of those securities could result in further dilution to the holders of
our Ordinary Shares.

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DESCRIPTION OF SHARE CAPITAL AND GOVERNING DOCUMENTS</div>

General

The following description
of our share capital, provisions of our amended and restated articles of association as may be amended and restated from time to time,
and Israeli law are summaries and do not purport to be complete, and is qualified in its entirety by reference to, the provisions
of our amended and restated articles of association as well as the Israeli law and any other documents referenced in the summary and
from which the summary is derived.

As of June 12, 2025, our
authorized share capital consisted of 150,000,000 Ordinary Shares, of which 13,579,259 Ordinary Shares were issued and outstanding. All
of our outstanding Ordinary Shares have been validly issued, fully paid, and non