Corrected Press Release - Bimergen Energy Corporation Announces Pricing of Public Offering and NYSE American Listing
Corrected Press Release - Bimergen Energy Corporation Announces Pricing of Public Offering and NYSE American Listing is drawing significant interest across the industry.
Newport Beach, CA, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation ('Bimergen” or the 'Company”) (NYSE American: BESS, BESSWS), a utility-scale battery energy storage systems (BESS) asset owner, project developer, and independent power provider, today announced the pricing of an underwritten public offering of common stock (or pre-funded warrants ('Pre-Funded Warrants”) in lieu thereof) and one accompanying warrant per common stock or Pre-Funded Warrant, at a public offering price of $4.00, for gross proceeds of $13,600,000, before deducting underwriting discounts and offering expenses. Each warrant is exercisable for one share of common stock at an exercise price of $5.00, and will be immediately exercisable upon issuance for a period of five years following the date of issuance. In addition, Bimergen has granted the underwriters a 45-day option to purchase up to an additional 200,000 shares of common stock (or Pre-Funded Warrants) and/or an additional 200,000 warrants to cover over-allotments, if any.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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