---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-008933"
form_type: "8-K"
ticker: "BESS"
cik: "0001066764"
company_name: "Bimergen Energy Corp"
filed_at: "2022-04-04T23:59:59+00:00"
generated_at: "2026-06-26T09:41:31.837029+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# SPIN completes reverse merger with Bitech Mining; Bitech holders to own ~96% of SPIN

## Summary
- SPIN issued 9M shares of Series A Convertible Preferred Stock to Bitech shareholders for 100% of Bitech's stock.
- Each Series A share converts into 53.975685 common shares (total ~485.8M common), giving Bitech holders ~96% fully diluted ownership.
- Bitech is a development-stage green tech company focused on power-saving solutions for crypto mining, with an exclusive license to Tesdison Technology patent.
- Legacy spine and video businesses to be evaluated for sale; management services agreement with Peter Dalrymple for 90 days.
- Peter Dalrymple's $95,000 secured note amended, due 90 days post-closing; obligations can be offset against Bitech-related liabilities.

## SEC filing metadata
- accession: 0001493152-22-008933
- form_type: 8-K
- ticker: BESS
- cik: 0001066764
- company_name: Bimergen Energy Corp
- filed_at: 2022-04-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.01, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1066764/000149315222008933/0001493152-22-008933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1066764/000149315222008933/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-008933
- JSON: https://secwatch.observer/filing/0001493152-22-008933.json
- Plain text: https://secwatch.observer/filing/0001493152-22-008933.txt

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