American Fusion Inc. (OTC: AMFN) announced it has reduced its authorized common shares from 3.0 billion to 1.8 billion following the cancellation of approximately 1.683 billion shares, resulting in about 1.316 billion shares outstanding. This move is part of the company's efforts to align its capital structure with current needs and demonstrates a commitment to capital discipline and transparent corporate governance.
The company also reported receiving approximately $793,000 in year-to-date financing under a fixed-price prepaid warrant structure as part of a broader $3 million commitment. The proceeds from this financing are intended to support corporate operations, technology development, and commercialization initiatives. This financial update is significant as it provides the company with necessary capital to advance its next-generation fusion energy technologies.
American Fusion is an advanced energy platform company focused on the development and commercialization of next-generation fusion energy technologies. The company is advancing the Texatron(TM) aneutronic fusion platform, designed for modular, infrastructure-grade deployment across industrial, commercial, and grid-constrained applications. The development strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation.
For more details on the press release, visit https://ibn.fm/bdufW. The latest news and updates relating to AMFN are available in the company’s newsroom at http://ibn.fm/AMFN.
