Bimergen closes $13.6M public offering of 3.1M shares, warrants for BESS project funding

Bimergen Energy Corp

Gross proceeds of $13.6 million from 3,100,000 shares, 300,000 pre-funded warrants, and 3,600,000 warrants at $4.00 per unit.
Warrants exercisable at $5.00 per share for five years; pre-funded warrants exercisable at $0.0001 with no expiration.
Underwriter ThinkEquity received a 7.5% discount and expenses of ~$1.32M plus warrants for 5% of shares sold.
Proceeds will fund BESS project asset development, development activities, and working capital.
Partial over-allotment of 200,000 warrants exercised; 180-day lock-up for insiders and major stockholders.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Bimergen Energy Corp entered into Underwriting Agreement with ThinkEquity LLC (effective 2026-02-20).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Effective: 2026-02-20

Exact text from the filing

On February 20, 2026, Bimergen Energy Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) between the Company and ThinkEquity LLC (the “Underwriter”), relating to the Company’s underwritten public offering (the “Offering”) of 3,100,000 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), pre-funded warrants to purchase up to 300,000 shares of Common Stock (the “Pre-Funded Warrants”), and accompanying warrants (the “Warrants”) to purchase 3,400,000 shares of Common Stock.

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Bimergen Energy Corp filing history →

Source: SEC EDGAR

accession 0001493152-26-008049

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