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Corrected Press Release - Bimergen Energy Corporation Announces Pricing of Public Offering and NYSE American Listing
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
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. 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.","length":1032,"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":"The shares of common stock and warrants are expected to begin trading on the NYSE American on February 20, 2026, under the symbols “BESS” and “BESSWS”, respectively. The offering is expected to close on February 23, 2026, subject to satisfaction of customary closing conditions.","length":278,"tagName":"p"},{"type":"text","content":"ThinkEquity is acting as sole book-running manager for the offering.","length":68,"tagName":"p"},{"type":"text","content":"A registration statement on Form S-1 (File #333-280668) relating to the shares was filed with the Securities and Exchange Commission (...