secwatch.observer — SEC 8-K summary
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Issuer:     Bimergen Energy Corp (BESS)
CIK:        0001066764
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001493152-26-008049
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1066764/000149315226008049/0001493152-26-008049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1066764/000149315226008049/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008049

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