Bimergen Energy Corp (BESS): M&A transaction — Bitech acquires Emergen Energy in stock deal; gains 1.965 GW BESS and 3.84 GW solar pipeline

Bimergen Energy Corp

Issued 222,222,000 shares to C&C (controlled by Cole Johnson) for 100% of Emergen; C&C owns ~31.3% post-close.
Emergen holds rights to 1.965 GW BESS and 3.840 GW solar projects assigned April 23, 2024 at no cost.
Cole Johnson named President of BESS/Solar Divisions and director; received options for 68M shares at $0.50-$1.50.
PMSA obligates Energy Independent Partners (Johnson entity) to project management; initial fees $9.825M BESS + $19.2M solar due after $5M financing.
Company will take steps to uplist to NASDAQ; CEO Benjamin Tran received options for 20M shares.

item 9.01 item 1.01 item 2.01 item 3.02 item 5.02 item 7.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Cole Johnson

Director

BESS · Bimergen Energy Corp

Effective: 2024-04-24
Filed: June 12, 2024, 7:59 PM ET

Cole Johnson was appointed as a director of the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cole Johnson was appointed as Director at Bimergen Energy Corp.

Action: appointed
Role: Director

Exact text from the filing

Cole Johnson was appointed as a director of the Company

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Bimergen Energy Corp completed an acquisition involving C & C Johnson Holdings LLC (closed 2024-04-24).

Action: acquisition
Counterparty: C & C Johnson Holdings LLC
Closing: 2024-04-24

Exact text from the filing

On April 24, 2024 (the “Closing”) the Company completed the acquisition of Emergen pursuant to the MIPA whereby the Company issued 222,222,000 unregistered shares of its common stock to Emergen’s sole member, C&C, an entity controlled by Cole Johnson who became an executive officer and director of the Company following the Closing, in exchange for 100% of Emergen’s equity interests.

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Bimergen Energy Corp filing history →

Source: SEC EDGAR

accession 0001493152-24-023593

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