American Fusion (OTC: AMFN), developer of the proprietary Texatron(TM) Fusion Engine(TM), entered into agreements to restructure existing stock-based compensation rights with an aggregate maximum contractual amount of $2.88 million into Series C Convertible Preferred Stock. The agreements cover 12 officers, directors, consultants and advisors and provide for the issuance of up to 288,000 Series C preferred shares, subject to applicable earning and exchange provisions. The company said the restructuring is part of a broader capital restructuring effort supporting its planned national securities exchange listing and institutional financing initiatives.
American Fusion also said JV CPA Inc. resigned as its independent registered public accounting firm effective Oct. 1, citing health reasons, with no reported disagreements or reportable events. The company is in the process of engaging PCAOB-registered MBP Global LLP as its successor auditor, subject to completion of the firm’s client acceptance and onboarding procedures.
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About American Fusion Inc.
American Fusion Inc. (OTC: AMFN) is an advanced energy platform company focused on the development and commercialization of next-generation fusion energy technologies. The Company is advancing the Texatron(TM) Fusion Engine(TM), a neutronic 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.
NOTE TO INVESTORS: The latest news and updates relating to AMFN are available in the company’s newsroom at https://nnw.fm/AMFN
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