---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-002139"
form_type: "8-K"
ticker: "BESS"
cik: "0001066764"
company_name: "Bimergen Energy Corp"
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-06T23:46:53.253887+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bitech Technologies signs letter agreement to acquire BLD's renewable energy development portfolio

## Summary
- BTTC to issue 222,222,000 shares (31.8% pro forma) for BESS and solar projects: ≥1.965 GW BESS, ≥3.84 GW solar.
- Capital infusion of at least $50M required before closing; 45-day due diligence period and 30-day exclusivity period.
- Benjamin Tran becomes Executive Chairman & interim CEO; Cole Johnson becomes President of BESS & Solar Division.
- Tran receives 20M-share options; Johnson receives 68M-share options; both with 5-year vesting at escalating exercise prices.
- Closing conditions include audit, NASDAQ uplisting commitment, DTC eligibility, and supply agreements for ≥250 MW batteries.

## SEC filing metadata
- accession: 0001493152-24-002139
- form_type: 8-K
- ticker: BESS
- cik: 0001066764
- company_name: Bimergen Energy Corp
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1066764/000149315224002139/0001493152-24-002139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1066764/000149315224002139/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-002139
- JSON: https://secwatch.observer/filing/0001493152-24-002139.json
- Plain text: https://secwatch.observer/filing/0001493152-24-002139.txt

## Key facts
- Material Agreements
  Bimergen Energy Corp entered into Letter Agreement with Bridgelink Development, LLC and C & C Johnson Holdings LLC (effective 2024-01-08).
  - Action: entry
  - Agreement: merger
  - Counterparty: Bridgelink Development, LLC and C & C Johnson Holdings LLC
  - Effective: 2024-01-08
  source text: On January 8, 2024, Bitech Technologies Corporation, a Delaware corporation (the “Company”) and Bridgelink Development, LLC, a Delaware limited liability company who is a solar and energy storage development company based in Fort Worth, Texas (“BLD”) and, C & C Johnson Holdings LLC, the sole member of BLD (the “Member”), with the Company, BLD and the Member are collectively referred to as the “Parties” and individually as a “Party,” entered into a Letter Agreement (the “Letter Agreement”) for a business combination.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1066764/000149315224002139/0001493152-24-002139-index.htm

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