Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 61

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 61
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 may
include, but are not limited to:

| · | reduction                                                                  
 or refinancing of outstanding indebtedness or other corporate obligations; |

| · | additions           
 to working capital; |

| · | fund                                           
 strategic transactions including acquisitions; |

| · | support                              
 clean energy growth initiatives; and |

| · | capital       
 expenditures. |

Pending any specific application,
we may initially invest funds in short-term marketable securities or apply them to the reduction of short-term indebtedness.

| 7 |

<div align='center'>Description of Capital Stock</div>

Introduction

In the discussion that follows,
we have summarized selected provisions of our restated certificate of incorporation as amended (our “certificate of incorporation”),
and our amended and restated bylaws (our “bylaws”), relating to our capital stock. This summary is not complete. This discussion
is qualified in its entirety by reference to our certificate of incorporation and bylaws. You should read the provisions of our certificate
of incorporation and bylaws as currently in effect for provisions that may be important to you. We have filed copies of those documents
with the SEC, and they are incorporated by reference as exhibits to the registration statement of which this prospectus forms a part.
See “Information We Incorporate By Reference.”

Authorized Capital Stock

Our authorized capital stock
consists of 500,000,000 shares of common stock and 20,000,000 shares of preferred stock. Each authorized share of our capital stock has
a par value of $0.01 per share.

Common Stock

Each share of our common
stock entitles its holder to one vote in the election of each director and on all other matters voted on generally by our stockholders,
other than any matter that (1) solely relates to the terms of any outstanding series of preferred stock or the number of shares
of that series and (2) does not affect the number of authorized shares of preferred stock or the powers, privileges and rights pertaining
to the common stock. No share of our common stock affords any cumulative voting rights. This means that the holders of a majority of
the voting power of the shares voting for the election of directors can elect all directors to be elected if they choose to do so. Our
board of directors may grant holders of preferred stock, in the resolutions creating the series of preferred stock, the right to vote
on the election of directors or any questions affecting our company.

Holders of our common stock
are entitled to dividends in such amounts and at such