Company: BNRG
Filing Date: 2025-05-01
Form Type: F-1/A
Source: 0001213900-25-038040
Chunk: 21

Company: Brenmiller Energy Ltd.
Filing Date: 2025-05-01
Form: F-1/A
Chunk 21
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 on Nasdaq, an active trading market for the Ordinary Shares may not be sustained. It may be difficult for you to sell your
Ordinary Shares without depressing the market price for the Ordinary Shares at all. As a result of these and other factors, you may not
be able to sell your securities at or above the offering price or at all. Further, an inactive market may also impair our ability to raise
capital through the sale of additional equity securities and may impair our ability to enter into strategic partnerships or acquire companies,
products, or services by using our equity securities as consideration.

We have never paid cash dividends on our share capital, and we do not anticipate paying any cash dividends in the foreseeable future.

We have never declared or
paid cash dividends, and we do not anticipate paying cash dividends in the foreseeable future. Therefore, you should not rely on an investment
in Ordinary Shares and/or Pre-Funded Warrants as a source for any future dividend income. Our board of directors has complete discretion
as to whether to distribute dividends. Even if our board of directors decides to declare and pay dividends, the timing, amount and form
of future dividends, if any, will depend on our future results of operations and cash flow, our capital requirements and surplus, the
amount of distributions, if any, received by us from our subsidiaries, our financial condition, contractual restrictions and other factors
deemed relevant by our board of directors. In addition, the Israeli Companies Law, 5759-1999, or the Israeli Companies Law, imposes restrictions
on our ability to declare and pay dividends.

If you purchase Ordinary Shares and/or Pre-Funded Warrants in this offering, you will incur immediate and substantial dilution in the book value of your investment.

You will suffer immediate
and substantial dilution in the net tangible book value of the Ordinary Shares if you purchase Ordinary Shares and/or Pre-Funded Warrants
in this offering. Based on an assumed public offering price of $1.332 per share, after giving effect to this offering, purchasers
of Ordinary Shares in this offering will experience immediate dilution in net tangible book value of $0.56 per share. In addition,
after giving effect to this offering, investors purchasing Ordinary Shares in this offering will contribute 3.52% of the total amount
invested by shareholders since inception but will own 25.43% of the Ordinary Shares outstanding. In addition, the Ordinary Shares issuable upon the exercise of the Pre-Funded Warrants to be issued pursuant to the