American Fusion Inc. (OTC: AMFN) announced a significant reduction in its authorized common shares from 3.0 billion to 1.8 billion following the cancellation of approximately 1.683 billion shares. The move leaves about 1.316 billion shares outstanding and is part of the company's efforts to align its capital structure with current needs. 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 the financing are intended to support corporate operations, technology development, and commercialization initiatives. 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™ aneutronic fusion platform, designed for modular, infrastructure-grade deployment across industrial, commercial, and grid-constrained applications.
The company's 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. The reduction in authorized shares and the financing update are part of American Fusion's broader efforts to strengthen its financial position and advance its fusion energy technology.
For more information on American Fusion, visit the company's newsroom at http://ibn.fm/AMFN. The full press release is available at https://ibn.fm/bdufW.
