Company: BNRG
Filing Date: 2025-08-04
Form Type: F-3
Source: 0001213900-25-071400
Chunk: 16

Company: Brenmiller Energy Ltd.
Filing Date: 2025-08-04
Form: F-3
Chunk 16
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 working capital, and execution of our commercial
TES projects across Europe, the U.S., and the Middle East.

<div align='center'>9

capitalization</div>

The following table sets forth
our cash and cash equivalents and our capitalization as of December 31, 2024:

| ● | on an actual basis; |

| ● | on a pro forma basis which gives effect to: |

(i) the issuance
and sale of 1,076,034 Ordinary Shares from December 31, 2024 to the date of this prospectus pursuant to an “at the market offering”
program and the receipt, of net proceeds of $3,255 thousand from such sales;

(ii) the issuance
and sale of 461,539 securities in our May 2025 public offering;

(iii) the issuance
of an aggregate of 46,840 Ordinary Shares with respect to 46,840 restricted share units we have granted to employees and service providers
from December 31, 2024 to the date of this prospectus;

(iv) the issuance
and sale of 631,579 Pre-Funded Warrants and 631,579 Warrants pursuant to the July 2025 Securities Purchase Agreement; and

| ● | on a pro forma as adjusted basis to give effect to (i) to give effect to the full exercise of the Pre-Funded Warrants at an exercise price of $0.00001, and (ii) the full exercise of the Warrants at an exercise price of $2.09 per share. |

The following table should
be read in conjunction with “Use of Proceeds,” our financial statements and for the year ended December 31, 2024, and related
notes that are incorporated by reference herein and the other audited financial information included or incorporated by reference into
this form.

|                                                                                                                                    |     | As of December 31, 2024 |          |   |     |           |          |   |     |           |          |   |
|:-----------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------|---------:|:--|:----|:----------|---------:|:--|:----|:----------|---------:|:--|
| U.S. dollars in thousands                                                                                                          |     | Actual                  |          |   |     | Pro forma |          |   |     | Pro forma 
 as        
 adjusted  |          |   |
| Cash and cash equivalents                                                                                                          |     | $                       |