Babcock & Wilcox enters $200M ATM equity distribution agreement with B. Riley, Lake Street

Babcock & Wilcox Enterprises, Inc.

Sales Agreement signed Nov 4, 2025; up to $200M of common stock may be sold via ATM offerings.
Agents (B. Riley Securities, Lake Street Capital Markets) receive 3.0% commission on gross proceeds.
No minimum offering amount; proceeds depend on actual shares sold over time.
Shares issued under existing effective S-3 shelf (333-283368) filed Nov 2024, effective Apr 2025.
Prospectus supplement filed Nov 5, 2025; offering method per Rule 415 at-the-market provisions.

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