Renewal Fuels, Inc. (OTC: RNWF), operating as American Fusion, provided an update on February 26, 2026 regarding its pending civil action in King County Superior Court (Case No. 25-2-32689-6). The Court entered an order dismissing all claims against Justin Costello pursuant to Civil Rule 41, and consequently struck his Emergency Motion for Stay of All Proceedings. Separately, the Court struck the Company’s Motion for Entry of Default Judgment against the remaining corporate defendants on procedural grounds related to citation formatting requirements under Civil Rule 7 and King County Local Civil Rules.
Importantly, the Company noted that defaults entered against the corporate defendants remain in place. The Court did not question service, default, rescission, or the evidentiary record, and the ruling was procedural, not addressing the merits of the Company’s claims. The underlying action seeks rescission of two 2021 asset purchase agreements and cancellation of approximately 1,683,000,000 shares issued in those transactions for which the Company contends no consideration was received.
The Company is in the process of refiling a corrected motion that complies with the Court’s procedural directives. Management believes this to be the last remaining material item outstanding to effect the corporate action with FINRA for the name change and voluntary symbol change. Management emphasized that the Court’s orders do not constitute a ruling against the Company on the substance of its claims. The Company remains committed to resolving the disputed share issuances through the judicial process.
This update is significant for shareholders and stakeholders because it clarifies that the court’s actions are procedural setbacks, not substantive defeats. The ability to cancel the disputed shares is critical for the Company’s planned name change to American Fusion Inc. and symbol change with FINRA, which are key steps in its corporate rebranding and market positioning. For more information about Kepler Fusion Technologies and its Texatron™ platform, visit www.keplerfusion.com and americanfusionenergy.com.
Renewal Fuels, Inc. is an advanced energy platform company focused on fusion energy technologies through its subsidiary Kepler Fusion Technologies. Following its merger with Kepler, the Company operates under the American Fusion brand and has filed a corporate action with FINRA to change its legal name to American Fusion Inc. The latest news and updates relating to $RNWF are available in the company’s newsroom at https://tinyurl.com/rnwfnewsroom.
