---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-018393"
form_type: "8-K"
ticker: "BESS"
cik: "0001066764"
company_name: "Bimergen Energy Corp"
filed_at: "2022-07-01T23:59:59+00:00"
generated_at: "2026-06-24T21:35:01.224943+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bitech sells Quad Video assets for ~$8.8K note cancellation; issues 485.8M shares on conversion

## Summary
- Sold all assets of Quad Video Halo to Quad Video Holdings and Peter Dalrymple; consideration: cancellation of ~$8,789 promissory note plus accrued interest.
- Also sold accounts receivables of spine pain management business to SPIN Collections for nominal, immaterial consideration.
- Issued 485,781,168 common shares upon conversion of 9,000,000 Series A Preferred shares; total outstanding after conversion: 506,022,050.
- Filed Certificate of Amendment to increase authorized common shares from 250 million to 1 billion, approved May 9, 2022.

## SEC filing metadata
- accession: 0001493152-22-018393
- form_type: 8-K
- ticker: BESS
- cik: 0001066764
- company_name: Bimergen Energy Corp
- filed_at: 2022-07-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1066764/000149315222018393/0001493152-22-018393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1066764/000149315222018393/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-018393
- JSON: https://secwatch.observer/filing/0001493152-22-018393.json
- Plain text: https://secwatch.observer/filing/0001493152-22-018393.txt

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