Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 45

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 45
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 will be subject to the same Special Majority approval that governs all extraordinary transactions
with controlling shareholders instead. Upon the request of a creditor of either party to the proposed merger, the court may delay or prevent
the merger if it concludes that there exists a reasonable concern that as a result of the merger the surviving company will be unable
to satisfy the obligations of any of the parties to the merger and may further give instructions to secure the rights of creditors. If
the transaction would have been approved by the shareholders of a merging company but did not receive the separate approval of each class
or the exclusion of the votes of certain shareholders or receive the approval of the general meeting of the shareholders, as provided
above, a court may still approve the merger upon the petition of holders of at least 25% of the voting rights of a company. For such petition
to be granted, the court must find that the merger is fair and reasonable, taking into account the value of the parties 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.

<div align='center'>23</div>

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