secwatch.observer — SEC 8-K summary
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Issuer:     Bimergen Energy Corp (BESS)
CIK:        0001066764
Form:       8-K/A
Filed at:   2024-06-12T23:59:59+00:00
Accession:  0001493152-24-023593
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01, 1.01, 2.01, 3.02, 5.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Bitech acquires Emergen Energy in stock deal; gains 1.965 GW BESS and 3.84 GW solar pipeline
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066764/000149315224023593/0001493152-24-023593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066764/000149315224023593/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-023593

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