American Fusion Inc. (OTC: AMFN), developer of the proprietary Texatron™ Fusion Engine™, has entered into agreements to restructure existing stock-based compensation rights with an aggregate maximum contractual amount of $2.88 million into Series C Convertible Preferred Stock. The agreements cover 12 officers, directors, consultants and advisors and provide for the issuance of up to 288,000 Series C preferred shares, subject to applicable earning and exchange provisions, according to a company announcement.
The restructuring is part of a broader capital restructuring effort supporting American Fusion’s planned national securities exchange listing and institutional financing initiatives. By converting these compensation rights into preferred stock, the company aims to streamline its capital structure and align the interests of insiders and stakeholders with long-term value creation. This move could enhance the company’s appeal to institutional investors and facilitate its uplisting to a national exchange, potentially increasing liquidity and visibility for shareholders.
In a separate development, American Fusion disclosed that JV CPA Inc. resigned as its independent registered public accounting firm effective Oct. 1, citing health reasons. There were no reported disagreements or reportable events. The company is in the process of engaging PCAOB-registered MBP Global LLP as its successor auditor, subject to completion of the firm’s client acceptance and onboarding procedures. A smooth auditor transition is critical for maintaining financial reporting integrity and meeting regulatory requirements, especially as the company pursues an exchange listing.
American Fusion Inc. is an advanced energy platform company focused on the development and commercialization of next-generation fusion energy technologies. The company is advancing the Texatron™ Fusion Engine™, a neutronic fusion platform designed for modular, infrastructure-grade deployment across industrial, commercial, and grid-constrained applications. Its development strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation, while maintaining a focus on capital discipline and transparent corporate governance.
For investors, these developments signal progress toward a more robust corporate structure. The capital restructuring and auditor change are typical steps for companies preparing for a national exchange listing, which can broaden the investor base and improve access to capital. The latest news and updates relating to AMFN are available in the company’s newsroom at https://nnw.fm/AMFN.
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