---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-26-001329"
form_type: "8-K"
ticker: "AMFN"
cik: "0000096664"
company_name: "American Fusion, Inc."
filed_at: "2026-10-06T21:28:07+00:00"
generated_at: "2026-10-12T16:06:22.001319+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# American Fusion auditor JV CPA resigns Oct 1; Series C preferred issued to 12 insiders for $2.88M compensation

## Summary
- JV CPA resigned as independent auditor effective Oct 1, 2026, covering the Q3 2026 review and FY2026 audit; prior FY2025/FY2024 opinions cited substantial doubt about going concern.
- Company is engaging MBP Global LLP as successor auditor; client acceptance and countersignature of the engagement letter were still pending as of the Oct 6, 2026 report.
- 12 officers, directors, consultants and advisors swapped $240,000 each of stock-based pay rights ($2.88M total) for 24,000 Series C preferred shares each — up to 288,000 shares, no cash.
- Certificate of Designation filed Oct 2, 2026 for 500,000 Series C preferred shares ($0.001 par); converts 1:1 to common with 30%-per-quarter leak-out and a 4.99% voting cap.
- Series C ranks senior to common on dividends/liquidation; company may repurchase shares for cash at 125% of face value ($12.50/share) until exchange listing or nine months after issue.

## SEC filing metadata
- accession: 0001079973-26-001329
- form_type: 8-K
- ticker: AMFN
- cik: 0000096664
- company_name: American Fusion, Inc.
- filed_at: 2026-10-06T21:28:07+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 5.03, 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/96664/000107997326001329/0001079973-26-001329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/96664/000107997326001329/amfn_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-26-001329
- JSON: https://secwatch.observer/filing/0001079973-26-001329.json
- Plain text: https://secwatch.observer/filing/0001079973-26-001329.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.