Company: BNRG
Filing Date: 2025-03-04
Form Type: 20-F
Source: 0001213900-25-020178
Chunk: 32

Company: Brenmiller Energy Ltd.
Filing Date: 2025-03-04
Form: 20-F
Item: Item 3
Chunk 32
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 will be made with respect to us on June 30, 2025. In the future, we would
lose our foreign private issuer status if a majority of our shareholders, directors, or management are U. S. citizens or residents, and
we fail to meet additional requirements necessary to avoid loss of foreign private issuer status. The regulatory and compliance costs
to us under U. S. securities laws as a U. S. domestic registrant may be significantly higher.

As a public company
in the United States, our management will be required to devote substantial time to new compliance initiatives as well as compliance with
ongoing U. S. requirements.

As
a public company in the United States, we incur additional significant accounting, legal and other expenses that we did not incur before
May 2022. We also anticipate that we will incur costs associated with corporate governance requirements of the SEC, as well as requirements
under Section 404 and other provisions of the Sarbanes-Oxley Act as they become applicable to us. We expect these rules and regulations
to increase our legal and financial compliance costs, introduce new costs such as investor relations, stock exchange listing fees, and
shareholder reporting, and make some activities more time-consuming and costly. The implementation and testing of such processes and systems
may require us to hire outside consultants and incur other significant costs. Any future changes in the laws and regulations affecting
public companies in the United States, including Section 404 and other provisions of the Sarbanes-Oxley Act, and the rules and regulations
adopted by the SEC, for so long as they apply to us, will result in increased costs to us as we respond to such changes. These laws, rules,
and regulations could make it more difficult or more costly for us to obtain certain types of insurance, including director and officer
liability insurance, and we may be forced to accept reduced policy limits and coverage or incur substantially higher costs to obtain the
same or similar coverage. The impact of these requirements could also make it more difficult for us to attract and retain qualified persons
to serve on our board of directors, our board committees, or as executive officers.

Sales of a significant
number of our Ordinary Shares in the public markets or significant short sales of our Ordinary Shares, or the perception that such sales
could occur, could depress the market price of our Ordinary Shares and impair our ability to raise capital.

Sales
of a substantial number of our Ordinary Shares or other equity-related securities in the public markets