Bimergen Energy Corporation Announces Pricing of Public Offering and NYSE American Listing
MWN-AI** Summary
Bimergen Energy Corporation, a utility-scale battery energy storage systems asset owner and independent power provider, announced the pricing of its underwritten public offering, which includes common stock and pre-funded warrants at a price of $4.00 each. The offering aims to raise gross proceeds of approximately $13.6 million, before expenses and underwriting discounts. Each warrant is exercisable for one share of common stock at a price of $5.00 and will remain valid for five years. Moreover, the underwriters have a 45-day option to purchase an additional 510,000 shares or warrants to cover any over-allotments.
The net proceeds from the offering will primarily support the development of battery energy storage systems (BESS) projects and bolster the company's working capital. Shares and warrants are set to begin trading on the NYSE American under the ticker symbols "BESS" and "BESSWS" respectively, starting February 20, 2026, with the closing of the offering anticipated for February 23, 2026, pending customary closing conditions.
A registration statement related to this offering was filed and became effective on January 29, 2026. Interested investors can obtain copies of the final prospectus from ThinkEquity, the sole book-running manager for the offering, and further details will also be available on the SEC's website.
With a focus on advancing grid reliability and renewable energy integration, Bimergen manages the entire lifecycle of BESS projects, ranging from site selection to operations. The company is headquartered in Newport Beach, California, and operates across multiple power markets in the U.S.
Investors are advised that forward-looking statements in this announcement are subject to risks, uncertainties, and assumptions, as detailed in the final prospectus.
MWN-AI** Analysis
Bimergen Energy Corporation's recent announcement regarding the pricing of its public offering at $4.00 per share, with associated warrants also introduced, marks a significant development for investors considering exposure to the renewable energy sector, particularly in utility-scale battery energy storage (BESS). Investors should view this offering as a strategic move to bolster the company's capital and enable the expansion of its project portfolio, enhancing its operational capacity in a sector projected for exponential growth.
The gross proceeds of approximately $13.6 million will be instrumental for Bimergen, facilitating the development of new battery energy storage projects, critical for grid reliability and renewable energy integration. As these projects come online, they could significantly improve cash flows and profitability, positioning Bimergen as a key player in the clean energy transition.
Given the exercise price of $5.00 for the warrants, there is an attractive upside potential for investors who secure shares now, should the company's valuation increase post-offering. Additionally, the inclusion of a 45-day over-allotment option allows underwriters flexibility to meet demand, highlighting market confidence in the transaction.
However, investors should remain mindful of the inherent risks embedded in the company’s forward-looking statements. The energy sector is susceptible to regulatory shifts, market volatility, and technological advancements, which can impact profitability.
In summary, Bimergen's offering presents an opportunity for investors looking for exposure in the growing energy storage market, though due diligence on the company's execution capabilities and market conditions is advisable. Monitoring industry trends and management performance will be key for evaluating potential return on investment over the coming years.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Newport Beach, CA, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (“Bimergen” or the “Company”) (NYSE American: BESS, BESSWS), a utility-scale battery energy storage systems (BESS) asset owner, project developer, and independent power provider, today announced the pricing of an underwritten public offering of common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) and one accompanying warrant per common stock or Pre-Funded Warrant, at a public offering price of $4.00, for gross proceeds of $13,600,000, before deducting underwriting discounts and offering expenses. Each warrant is exercisable for one share of common stock at an exercise price of $5.00, and will be immediately exercisable upon issuance for a period of five years following the date of issuance. In addition, Bimergen has granted the underwriters a 45-day option to purchase up to an additional 510,000 shares of common stock (or Pre-Funded Warrants) and/or an additional 510,000 warrants to cover over-allotments, if any.
The Company intends to use the proceeds to develop BESS projects and for working capital.
The shares of common stock and warrants are expected to begin trading on the NYSE American on February 20, 2026, under the symbols “BESS” and “BESSWS”, respectively. The offering is expected to close on February 23, 2026, subject to satisfaction of customary closing conditions.
ThinkEquity is acting as sole book-running manager for the offering.
A registration statement on Form S-1 (File# 333-280668) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on January 29, 2026. This offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Bimergen Energy Corporation
Bimergen Energy Corporation (NYSE American: BESS, BESSWS) is a U.S.-based independent power producer specializing in the development, ownership, and operation of standalone battery energy storage systems (BESS). Bimergen develops utility-scale and distributed storage projects designed to provide grid reliability, renewable integration, and flexible energy solutions. Bimergen manages the full project lifecycle, including site selection, permitting, engineering, procurement, construction, and operations. Its portfolio spans multiple power markets across the United States.
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Bimergen Energy Corporation’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Bimergen Energy Corporation undertakes no duty to update such information except as required under applicable law.
Contact:
Dave Gentry
RedChip Companies Inc.
1-407-644-4256 | 1-800-REDCHIP (733-2447)
BESS@redchip.com
FAQ**
How does Bimergen Energy Corp. BESS plan to allocate the $13.6 million raised from the public offering to enhance its competitive position in the battery energy storage market?
2. With the upcoming trading of Bimergen Energy Corp. BESS shares on the NYSE American, what strategies are in place to attract investor interest and maintain stock performance?
3. What are the key risks and uncertainties outlined in the prospectus related to Bimergen Energy Corp. BESS's future growth and development in the energy storage sector?
4. How does Bimergen Energy Corp. BESS plan to utilize the proceeds from this offering to advance its utility-scale battery energy storage projects across various U.S. power markets?
**MWN-AI FAQ is based on asking OpenAI questions about Bitech Technologies Corporation (OTC: BTTC).
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