Company: BWNB
Filing Date: 2025-11-05
Form Type: 424B5
Source: 0001104659-25-106685
Chunk: 86

Company: Babcock & Wilcox Enterprises, Inc.
Filing Date: 2025-11-05
Form: 424B5
Chunk 86
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 A Preferred Stock
is not required for, the taking of any corporate action, including any merger or consolidation involving us or a sale of all or substantially
all of our assets, regardless of the effect that such merger, consolidation or sale may have upon the powers, preferences, voting power
or other rights or privileges of the Series A Preferred Stock, except as set forth above.

No Preemptive Rights

Holders of the Series A Preferred Stock do
not have any preemptive rights.

No Maturity, Sinking Fund or Mandatory Redemption

The Series A Preferred
Stock has no maturity date and we are not required to redeem the Series A Preferred Stock at any time. Accordingly, the Series A
Preferred Stock will remain outstanding indefinitely, unless we decide, at our option, to exercise our redemption right or, under circumstances
where the holders of Series A Preferred Stock have a conversion right, such holders convert the Series A Preferred Stock into
our common stock. The Series A Preferred Stock is not subject to any sinking fund.

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Listing

The Series A Preferred Stock is listed on
the New York Stock Exchange under the symbol “BW PRA”.

Limitation on Directors’ Liability and Renunciation of Business Opportunity

Delaware law authorizes Delaware
corporations to limit or eliminate the personal liability of their directors to them and their stockholders for monetary damages for
breach of a director’s fiduciary duty of care. The duty of care requires that, when acting on behalf of the corporation, directors
must exercise an informed business judgment based on all material information reasonably available to them. Absent the limitations Delaware
law authorizes, directors of Delaware corporations are accountable to those corporations and their stockholders for monetary damages
for conduct constituting gross negligence in the exercise of their duty of care. Delaware law enables Delaware corporations to limit
available relief to equitable remedies such as injunction or rescission. Our certificate of incorporation limits the liability of our
directors to us and our stockholders to the fullest extent Delaware law permits. Specifically, no director will be personally liable
for monetary damages for any breach of the director’s fiduciary duty as a director, except for liability:

| · | for any breach of the director’s duty of loyalty 
 to us or our stockholders;                       |

| · | for acts or omissions not in good faith or which involve 
 intentional misconduct or a knowing violation of law;    |

| · | for unlawful payments of                                                                                                      
 dividends or unlawful stock repurchases or red