{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-006013","form_type":"8-K","ticker":"BESS","cik":"0001066764","company_name":"Bimergen Energy Corp","filed_at":"2023-02-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.759131+00:00","generated_at":"2026-06-19T00:26:11.626960+00:00","sec_items":["1.01","1.02","9.01"],"event_type":"litigation","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Bitech Technologies settles lawsuit with Calvin Cao and SuperGreen; 51.5M shares canceled","bullets":["Settlement with Calvin Cao and SuperGreen terminates License Agreement and cancels 51,507,749 shares of common stock.","Mutual general release of liabilities; non-disparagement obligations between parties.","Bitech will dismiss with prejudice claims against C. Cao and SuperGreen but continue lawsuit against remaining defendants (Michael Cao, B&B Investment, Linh Dao).","C. Cao and SuperGreen to return company property including Ethereum Mining Ridge and Enphase Battery System.","C. Cao agrees to cooperate and testify in ongoing litigation against other defendants."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-006013","json":"https://secwatch.observer/filing/0001493152-23-006013.json","markdown":"https://secwatch.observer/filing/0001493152-23-006013.md","text":"https://secwatch.observer/filing/0001493152-23-006013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1066764/000149315223006013/0001493152-23-006013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1066764/000149315223006013/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T00:26:11.626960+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"468a271e4f16f9cf889518d1e97300eed07f7151","claim":"Bimergen Energy Corp terminated Patent & Technology Exclusive and Non-Exclusive License Agreement with SuperGreen Energy Corporation (effective 2023-02-20).","evidence_excerpt":"Pursuant to the C. Cao Settlement Agreement, the C. Cao Parties terminated the Patent & Technology Exclusive and Non-Exclusive License Agreement between Bitech Mining Corporation and SuperGreen dated January 15, 2021 as amended on January 15, 2021 and on March 26, 2022 (the “License Agreement”) and SuperGreen canceled 51,507,749 shares of the Company’s common stock, par value $0.001 per share issued by the Company to SuperGreen pursuant to the License Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1066764/000149315223006013/0001493152-23-006013-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"SuperGreen Energy Corporation"},{"label":"Effective","value":"2023-02-20"}],"fact_type":"material_agreement"},{"claim_id":"8f7e14fcfae308ae2f18273fc12656d1d3cbd955","claim":"Bimergen Energy Corp entered into Confidential Settlement, Mutual Release, and Share Transfer Agreement with Calvin Cao and SuperGreen Energy Corporation (effective 2023-02-20).","evidence_excerpt":"Effective February 20, 2023, Bitech Technologies Corporation together with its wholly owned subsidiary Bitech Mining Corporation (collectively, the “Company”) entered into a Confidential Settlement, Mutual Release, and Share Transfer Agreement (the “C. Cao Settlement Agreement”) with Calvin Cao (“C. Cao”) and SuperGreen Energy Corporation (“SuperGreen,” together with C. Cao, the “C. Cao Parties”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1066764/000149315223006013/0001493152-23-006013-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Calvin Cao and SuperGreen Energy Corporation"},{"label":"Effective","value":"2023-02-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}