Company: BNRG
Filing Date: 2025-04-09
Form Type: DRS
Source: 0001213900-25-030015
Chunk: 23

Company: Brenmiller Energy Ltd.
Filing Date: 2025-04-09
Form: DRS
Chunk 23
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.0001 per share and holders of the Warrants may acquire Ordinary Shares issuable upon exercise of such warrants at an exercise price
per share equal to $ . Moreover, following this offering, the market value of the Pre-Funded Warrants and the Warrants is uncertain and
there can be no assurance that the market value of the Pre-Funded Warrants or the Warrants will equal or exceed their public offering
price.

The Warrants may not have any value.

Each Warrant has an exercise
price per share equal to $ and expires on the fifth anniversary of its original issuance date. In the event the market price per Ordinary
Share does not exceed the exercise price of the Warrants during the period when the Warrants are exercisable, the Warrants may not have
any value.

Provisions of the Pre-Funded Warrants and Warrants offered by this prospectus could discourage an acquisition of us by a third party.

Certain provisions of the
Pre-Funded Warrants and Warrants offered by this prospectus could make it more difficult or expensive for a third party to acquire us.
The Warrants and Pre-Funded Warrants prohibit us from engaging in certain transactions constituting “fundamental transactions”
unless, among other things, the surviving entity assumes our obligations under the Warrants and Pre-Funded Warrants. Further, the Warrants
and Pre-Funded Warrants provide that, in the event of certain transactions constituting “fundamental transactions,” with some
exceptions, holders of such warrants will have the right, at their option, to require us to repurchase such Warrants and Pre-Funded Warrants
at a price described in such warrants. These and other provisions of the Pre-Funded Warrants offered by this prospectus could prevent
or deter a third party from acquiring us even where the acquisition could be beneficial to you.

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The exercise price of the Pre-Funded Warrants and Warrants offered by this prospectus will not be adjusted for certain dilutive events.

The exercise price of the
Pre-Funded Warrants and Warrants offered by this prospectus is subject to adjustment for certain events, including, but not limited to,
certain issuances of share capital, options, convertible securities and other securities. However, the exercise prices will not be adjusted
for dilutive issuances of securities considered “excluded securities” and there may be transactions or occurrences that may
adversely affect the market price of our Ordinary Shares or the market value of