Company: BWNB
Filing Date: 2025-11-05
Form Type: 8-K
Source: 0001104659-25-106691
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Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material
Definitive Agreement

On November 4, 2025, Babcock & Wilcox
Enterprises, Inc. (the “ Company”) entered into a sales agreement (the “ Sales Agreement”) with B. Riley
Securities, Inc. and Lake Street Capital Markets, LLC Group LLC (collectively, the “ Agents”), in connection with the
offer and sale from time to time by the Company of shares of the Company’s common stock, having an aggregate offering price of
up to $200,000,000 (the “ Shares”) through the Agents. Any Shares to be offered and sold under the Sales Agreement will
be issued and sold pursuant to the Company’s previously filed and currently effective registration statement on Form S-3 (File
No. 333-283368) initially filed with the Securities and Exchange Commission (the “ Commission”) on November 21, 2024 and
declared effective by the Commission on April 8, 2025. A prospectus supplement relating to the offering of the Shares was filed with
the Commission on November 5, 2025.

The Shares may be offered and sold through the
Agents over a period of time and from time to time by any method that is deemed to be an “at the market offering” as defined
in Rule 415 promulgated under the Securities Act of 1933, as amended (the “ Securities Act”). The Agents are not required to
sell any specific aggregate principal amount of the Shares but will act as the Company’s sales agents using commercially reasonable
efforts consistent with their normal trading and sales practices, on mutually agreed terms between the Agents and the Company. Under the
Sales Agreement, the designated Agent will be entitled to compensation equal to 3.0% of the gross proceeds from each sale of the Shares. The amount of net proceeds the Company will receive from this offering, if any, will depend upon the actual aggregate principal
amount of the Shares sold, after deduction of the Agents’ commission and any transaction fees. Because there is no minimum offering
amount required as a condition to close this offering, the actual total public offering amount, commissions and net proceeds to us, if
any, are not determinable at this time.

The Sales Agreement contains customary representations,
warranties and covenants of the Company, indemnification obligations of the Company and the Agents, including for liabilities under the
Securities Act, other obligations of the parties and termination provisions