Bimergen cancels 1.29M shares (25.1% of outstanding) after California court ruling

Bimergen Energy Corp

Cancelled 1,287,694 shares of common stock on June 26, 2025.
Cancellation represents approximately 25.1% of total outstanding shares prior to the action.
Resulted from favorable ruling in Bitech Technologies Corporation v. Cao, et. al. from Superior Court of California.
Court order authorized the Company to cancel the shares.

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