Bimergen Energy raises $13.6M in $4.00 share offering to fund BESS projects
Bimergen Energy Corporation priced an underwritten public offering of common stock and pre-funded warrants at $4.00 per share, generating $13.6 million in gross proceeds before underwriting discounts. The company plans to deploy the funds toward utility-scale battery storage project development and working capital, and its shares and warrants begin trading on NYSE American February 20, 2026.
1. Offering Pricing and Terms
Bimergen Energy Corporation launched an underwritten public offering of common stock and pre-funded warrants at $4.00 per share, aiming to raise $13.6 million in gross proceeds before underwriting discounts and expenses. Each share or warrant unit includes one warrant exercisable at $5.00 per share for five years, and the underwriters have a 45-day option to purchase up to an additional 200,000 shares or pre-funded warrants and 200,000 warrants.
2. Use of Proceeds
The company intends to allocate the net proceeds to the development of utility-scale battery energy storage system projects and for general working capital purposes, supporting its pipeline of standalone energy storage assets across multiple U.S. power markets.
3. NYSE American Listing and Timeline
Shares of common stock and warrants are set to begin trading on NYSE American on February 20, 2026, under specified trading symbols, with the offering expected to close on February 23, 2026, subject to customary closing conditions.