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Bimergen Energy Corporation Announces Closing of $13.6 Million Public Offering
Newport Beach, CA, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (“Bimergen” or the “Company”) (NYSE American: BESS, BESS.WS), a utility-scale battery energy storage systems (BESS) asset owner, project developer, and independent power provider, today announced the closing of its 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, f
About this update from Bimergen Energy Corporation
[{"type":"image","alt":"Bimergen Energy Corporation","displaySize":"","headline":null,"caption":"Bimergen Energy Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":185,"url":"https://media.zenfs.com/en/globenewswire.com/a8e6746ee2d8787d86750fc3835d24af"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4246mXe3tL2FFCKGtIU2hQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI1OTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a8e6746ee2d8787d86750fc3835d24af","width":300,"height":185}},"lazy":false},{"type":"text","content":"Newport Beach, CA, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (“Bimergen” or the “Company”) (NYSE American: BESS, BESS.WS), a utility-scale battery energy storage systems (BESS) asset owner, project developer, and independent power provider, today announced the closing of its 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. 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. The offering also included the purchase by the underwriters of 200,000 warrants in connection with the partial exercise by the underwriters of their over-allotment option.","length":995,"tagName":"p"},{"type":"text","content":"The Company intends to use the proceeds to develop BESS projects and for working capital.","length":89,"tagName":"p"},{"type":"text","content":"ThinkEquity acted as sole book-running manager for the offering.","length":64,"tagName":"p"},{"type":"text","content":"A registration statement on Form S-1 (File No. 333-280668) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on January 29, 2026. This offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.","length":364,"tagName":"p"},{"type":"text","content":"This press release shall not constitute an offer to sell or a solicitation of an offer to ...