Company: BWAY
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001171843-25-002347
Chunk: 35

Company: Brainsway Ltd.
Filing Date: 2025-04-22
Form: 20-F
Item: Item 5
Chunk 35
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, competitive pressures, technologies, and market pressures.
Accordingly, from time to time, we may consider opportunities to acquire, make investments in or license other technologies, products,
and businesses that may enhance our capabilities, complement our current products, or expand the breadth of our markets or customer base.
Potential and completed acquisitions, strategic investments, licenses, and other alliances involve numerous risks, including but not limited
to difficulty assimilating or integrating acquired or licensed technologies, products or business operations; issues maintaining uniform
standards, procedures, controls, and policies; unanticipated costs associated with acquisitions or strategic alliances, including the
assumption of unknown or contingent liabilities and the incurrence of debt or future write-offs of intangible assets or goodwill; diversion
of management’s attention from our core business and disruption of ongoing operations; adverse effects on existing business relationships
with suppliers, distributors, and customers; risks associated with entering new markets in which we have limited or no experience; potential
losses related to investments in other companies; potential loss of key employees of the acquired businesses; and increased legal and
accounting compliance costs.

We do not know if we will be able to identify acquisitions
or strategic relationships we deem suitable, whether we will be able to successfully complete any such transactions on favorable terms
or at all or whether we will be able to successfully integrate any acquired business, product or technology into our business or retain
any key personnel, suppliers or distributors.

Foreign acquisitions involve unique risks in addition
to those mentioned above, including those related to integration of operations across different cultures, languages, legal and regulatory
environments, currency risks and the particular economic, political and regulatory risks associated with specific countries.

To finance any acquisitions, investments or strategic
alliances, we may choose to issue Ordinary Shares, ADSs or other equity-linked securities as consideration, which could dilute the ownership
of our shareholders. Additional funds may not be available on terms that are favorable to us, or at all. If the price of our Ordinary
Shares or ADSs is low or volatile, we may be unable to consummate any acquisitions, investments or strategic alliances using our shares
as consideration.

  21  

Risks Related
to Employee Matters

If we are not able to retain our key management,
or attract and retain qualified scientific, technical, and business personnel, our ability to implement our business plan may be adversely
affected.

Our success largely depends on the skill, experience,
and effort of our senior management. The loss of the service of any of