American Fusion Inc. (OTC: AMFN) announced that it has secured a default judgment from the Superior Court of Washington, King County, ordering the cancellation of 1,683,000,000 shares of common stock that were deemed improperly issued by prior management. The court confirmed that the underlying transactions were never consummated and are void. This action is a significant step in cleaning up the company's capital structure as it prepares for its first quarterly filing as a fully reporting company following the February 2026 merger with Kepler Fusion Technologies.
The cancellation of these shares is part of a series of governance milestones the company has completed, including a PCAOB audit, a Form 10 filing, and corporate name and symbol changes. These steps are crucial as American Fusion advances toward exchange listing and the commercialization of its fusion platform. By removing improperly issued shares, the company aims to provide a clearer picture of its equity structure to investors and regulators.
American Fusion Inc. is an advanced energy platform company focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. The company's strategy centers on building a scalable, infrastructure-grade fusion energy platform supported by proprietary technology and disciplined intellectual property development. For more information about American Fusion, visit americanfusionenergy.com.
Kepler Fusion Technologies is developing the Texatron(TM) aneutronic fusion platform, designed for modular, infrastructure-grade deployment in industrial, commercial, and grid-constrained applications. The company's development strategy emphasizes system-level engineering and scalable architectures for long-term commercial operation. More details about Kepler and its Texatron(TM) platform can be found at www.keplerfusion.com.
The court order and ongoing governance improvements position American Fusion to meet reporting requirements and pursue its goal of becoming a publicly listed company. Investors can find the latest news and updates about AMFN in the company's newsroom at http://ibn.fm/AMFN.
