Company: BNRG
Filing Date: 2025-10-01
Form Type: F-3
Source: 0001213900-25-094365
Chunk: 9

Company: Brenmiller Energy Ltd.
Filing Date: 2025-10-01
Form: F-3
Chunk 9
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 January 16, 2025, we announced that we received a written notice from Nasdaq that we have regained compliance with
the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). The Nasdaq staff made this determination
of compliance after the closing bid price of our ordinary shares on Nasdaq was at $1.00 per share or greater for the 10 consecutive business
days prior to the date of the notice. Accordingly, we have regained compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq considers
the prior bid price deficiency matter now closed. However, there can be no assurance that we will be able to maintain compliance with
the minimum bid price requirement or that we will otherwise be in compliance with other Nasdaq listing criteria.

Nasdaq Listing Rule 5550(b)(1)
requires listed companies to maintain stockholders’ equity of at least $2.5 million. As of June 30, 2025, our stockholders’
equity was $1.193 million, which was below the minimum requirement. Although, following the Equity Closing on September 29, 2025 in
connection with the July 2025 Private Placement, we believe we currently demonstrate compliance with the stockholders’ equity requirement,
there can be no assurance that we will be able to maintain compliance with this or other applicable Nasdaq continued listing standards
in the future.

If, for any reason, Nasdaq
delists our securities from trading on its exchange and we are not able to list our securities on another national securities exchange,
we expect our securities could be quoted on an over-the-counter market. If this were to occur, we could face significant material adverse
consequences, including:

| ● | a limited availability of market quotations for our securities;                                                                                                                                                                                                         |
| ● | reduced liquidity for our securities;                                                                                                                                                                                                                                   |
| ● | a decrease in the number of institutional and general investors that will consider investing in our Ordinary Shares; and                                                                                                                                                |
| ● | a determination that our ordinary shares are a “penny stock” which will require brokers trading in our Ordinary Shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary trading market for our securities. |

Substantial future sales or other issuances of our Ordinary Shares could depress the market for our Ordinary Shares.

Sales of a substantial number
of Ordinary Shares and any future sales of a substantial number of Ordinary Shares in the public market, including