Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 26

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 26
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 Shares on the Nasdaq may cause the market price of our Ordinary Shares to decline. Sales by our shareholders of
substantial amounts of our Ordinary Shares, or the perception that these sales may occur in the future, could cause a reduction in the
market price of our Ordinary Shares.

The
issuance of any additional Ordinary Shares or any securities that are exercisable for or convertible into Ordinary Shares may have an
adverse effect on the market price of our Ordinary Shares and will have a dilutive effect on our existing shareholders and holders of
Ordinary Shares.

Our officers and
directors currently beneficially own approximately 12.56% of our Ordinary Shares. They will therefore be able to exert significant control
over matters submitted to our shareholders for approval.

As
of March 4, 2025, our officers and directors beneficially own approximately 12.56% of our Ordinary Shares. This significant concentration
of share ownership may adversely affect the trading price for our Ordinary Shares because investors often perceive disadvantages in owning
shares in companies with controlling shareholders. As a result, these shareholders, if they acted together, could significantly influence
or even unilaterally approve matters requiring approval by our shareholders, including the election of directors and the approval of mergers
or other business combination transactions. The interests of these shareholders may not always coincide with our interests or the interests
of other shareholders.

We do not know
whether a market for the Ordinary Shares will be sustained or what the trading price of the Ordinary Shares will be and as a result, it
may be difficult for you to sell your Ordinary Shares.

Although
our Ordinary Shares are listed on Nasdaq, an active trading market for the Ordinary Shares may not be sustained. It may be difficult for
you to sell your Ordinary Shares without depressing the market price for the Ordinary Shares or at all. As a result of this and other
factors, you may not be able to sell your Ordinary Shares at or above the sale price or at all. Further, an inactive market may also impair
our ability to raise capital by selling Ordinary Shares and may impair our ability to enter into strategic partnerships or acquire companies,
products, or services by using our equity securities as consideration.

We have never paid
cash dividends on our share capital, and we do not anticipate paying any cash dividends in the foreseeable future.

In
the two financial years prior to December 31, 2024, we have incurred losses of $16.4 million in the aggregate, which has resulted in our