Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 35

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 35
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 influential in the United States and Europe,
this may also adversely affect our business and financial condition. Further deterioration of Israel’s relations with the Palestinian
Authority or countries in the Middle East could expand the disruption of international trading activities in Israel, may materially and
negatively affect our business conditions, could harm our results of operations, and adversely affect the market price of our Ordinary
Shares.

Any
hostilities involving Israel, terrorist activities, political instability or violence in the region, or the interruption or curtailment
of trade or transport between Israel and its trading partners could adversely affect our operations and results of operations and the
market price of our Ordinary Shares.

Our
commercial insurance does not cover losses that may occur as a result of an event associated with the security situation in the Middle
East. Although the Israeli government is currently committed to covering the reinstatement value of direct damages that are caused by
terrorist attacks or acts of war, we cannot assure you that this government coverage will be maintained or, if maintained, will be sufficient
to compensate us fully for damages incurred. Any losses or damages incurred by us could have a material adverse effect on our business,
financial condition, and results of operations.

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) and, in the event of a military conflict, may be called to active duty. In
response to increases in terrorist activity, there have been periods of significant call-ups of military reservists. 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 March 4, 2025, one of our employees is deployed for reserve military service, none of whom
are members of our management. However, our operations could be disrupted by future reserve duty call-ups. While none of our facilities
or infrastructure have been damaged since the war broke out on October 7, 2023, the import and export of goods may experience disruptions
in and out of Israel as a result of such 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