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

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 25
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 countries.

In April 2024 and October
2024, Iran launched direct attacks on Israel involving hundreds of drones and missiles and has threatened to continue to attack
Israel. Relations between Israel and Iran continue to be hostile, due to the fact that Iran is a state sponsor of Hamas and Hezbollah,
maintains a military presence in Syria and Lebanon, alongside Israel’s northern border, and is viewed as a strategic threat to
Israel in light of its nuclear program. On June 13, 2025, in light of continued nuclear threats and intelligence assessments indicating
imminent attacks, Israel launched a preemptive strike directly targeting military and nuclear infrastructure inside Iran aimed to disrupt
Iran’s capacity to coordinate or launch further hostilities against Israel, as well as disrupt its nuclear program. Although certain
ceasefire agreements have been reached with Hamas and Lebanon (with respect to Hezbollah), these agreements have failed to be fully upheld
and military activity and hostilities continue to exist at varying levels of intensity, and the situation remains volatile, with the
potential for escalation into a broader regional conflict.

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Further, many Israeli
citizens are obligated to perform several days, and in some cases, more, of annual military reserve duty each year until they reach the
age of 40 (or older for certain reservists). In response to increases in terrorist and military activity hostile to Israel, there have
been periods of significant call-ups of military reservists to active duty. For example, on October 7, 2023, Hamas terrorists invaded
southern Israel and launched thousands of rockets in a widespread terrorist attack on Israel. On the same day, the Israeli government
declared that the country was at war and the Israeli military began to call-up reservists for active duty, including a few of our employees.
As of June 13, 2025, one of our employees, who is not a member of our management, is deployed for reserve military service. Our operations
could be disrupted by future reserve duty call-ups. While none of our facilities or infrastructure have been damaged since the war with
Hamas broke out on October 7, 2023, the import and export of goods may experience disruptions in and out of Israel as a result of military
conflict. A prolonged war could result in further military reserve duty call-ups in the future as well as irregularities to our supply
chain and the movement of components and raw material into Israel and our finished products exported from Israel. Such