Company: BNRG
Filing Date: 2025-06-13
Form Type: POS AM
Source: 0001213900-25-054302
Chunk: 37

Company: Brenmiller Energy Ltd.
Filing Date: 2025-06-13
Form: POS AM
Chunk 37
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 (i) our merger or consolidation with or into
another person, (ii) the sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of our
assets, (iii) any purchase offer, tender offer or exchange offer pursuant to which holders of our Ordinary Shares are permitted to sell,
tender or exchange their shares for other securities, cash or property and has been accepted by the holders of more than 50% of the outstanding
Ordinary Shares or more than 50% of the voting power of our Ordinary Shares, (iv) any reclassification, reorganization or recapitalization
of our shares of Ordinary Shares or any compulsory share exchange pursuant to which the Ordinary Shares are effectively converted into
or exchanged for other securities, cash or property, or (v) any stock or share purchase agreement or other business combination with another
person or group of persons whereby such other person or group acquires more than 50% of the outstanding Ordinary Shares or more than 50%
of the voting power of our Ordinary Shares, the holders shall have the right to receive the number of Ordinary Shares for which the Warrant
is exercisable immediately prior to the occurrence of such fundamental transaction of the successor or acquiring corporation or of the
Company, if it is the surviving corporation, and any additional consideration receivable as a result of such fundamental transaction.
Notwithstanding the foregoing, in the event of a fundamental transaction, the holders of the Warrants have the right to require us or
a successor entity to redeem the Warrants for cash in the amount of the Black Scholes Value (as defined in the Warrants) of the unexercised
portion of the Warrants concurrently with or within 30 days following the consummation of a fundamental transaction.

However, in the event of a
fundamental transaction which is not in our control, including a fundamental transaction not approved by our board of directors, the holders
of the Warrants will only be entitled to receive from us or our successor entity, as of the date of consummation of such fundamental transaction
the same type or form of consideration (and in the same proportion), at the Black Scholes Value of the unexercised portion of the Warrant
that is being offered and paid to the holders of our Ordinary Shares in connection with the fundamental transaction, whether that consideration
is in the form of cash, stock or any combination of cash and stock, or whether the holders of our Ordinary Shares are given the choice