Corrected Press Release - Bimergen Energy Corporation Announces Pricing of Public Offering and NYSE American Listing
MWN-AI** Summary
Bimergen Energy Corporation, a prominent utility-scale battery energy storage systems owner and developer, has announced the pricing of a public offering aimed at securing gross proceeds of $13.6 million. Set at a public offering price of $4.00 per share (or Pre-Funded Warrants), the offering will include common stock or Pre-Funded Warrants alongside one accompanying warrant for each, with the warrants exercisable for one share of common stock at an exercise price of $5.00 for a period of five years.
The company is granting underwriters a 45-day option to purchase up to an additional 200,000 shares, either as common stock or Pre-Funded Warrants, along with the same number of warrants for over-allotments. The proceeds from the offering are earmarked for the development of battery energy storage projects and to support working capital needs.
Trading of the shares and warrants is anticipated to commence on the NYSE American under the ticker symbols “BESS” and “BESSWS” respectively, starting February 20, 2026. The offering is expected to close on February 23, 2026, pending the fulfillment of standard closing conditions. ThinkEquity is serving as the sole book-running manager for this offering.
Bimergen Energy Corporation emphasizes its role as an independent power producer with a focus on the development and operation of standalone battery energy storage systems, which contribute to grid reliability and renewable energy integration across the U.S. The company manages projects throughout the entire lifecycle, highlighting its comprehensive expertise in this expanding energy sector.
Investors are advised that this announcement contains forward-looking statements inherently subject to risks and uncertainties, and further details can be found in the corresponding final prospectus filed with the Securities and Exchange Commission.
MWN-AI** Analysis
Bimergen Energy Corporation's recent public offering announcement is a significant development for investors looking to enter the renewable energy sector, particularly those interested in battery energy storage systems (BESS). Priced at $4.00 per share with an exercise price of $5.00 for the accompanying warrants, the offering is expected to generate gross proceeds of approximately $13.6 million, which will be allocated towards project development and working capital.
Investors should view this offering as a potential opportunity to capitalize on the growing demand for energy storage solutions amidst the global transition to renewable energy. Given Bimergen’s focus on utility-scale projects, the funds raised could bolster their capacity to efficiently scale operations and enhance grid reliability, providing attractive prospects for long-term growth.
As shares and warrants are set to begin trading on the NYSE American under the symbols “BESS” and “BESSWS,” market participants should carefully monitor the stock's performance post-offering. The $4.00 offering price suggests a discount compared to potential future valuations, particularly if the company successfully deploys the capital raised to expand its project portfolio.
However, investors must remain cognizant of the risks involved. The press release mentions several forward-looking statements and inherent uncertainties that could affect future performance. Additionally, the granted over-allotment option could lead to a dilution of shares if exercised, potentially impacting shareholder value.
It is advisable for potential investors to analyze Bimergen's comprehensive business plan and market positioning further. Assessing their growth trajectory in an expanding sector, along with the competitive landscape, will be key to making an informed investment decision in Bimergen Energy Corporation.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Newport Beach, CA, Feb. 20, 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 200,000 shares of common stock (or Pre-Funded Warrants) and/or an additional 200,000 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 proceeds from its recent public offering to scale its battery energy storage projects and enhance its market position?
What strategic advantages does Bimergen Energy Corp. BESS foresee in the evolving energy landscape that may impact their growth trajectory over the next five years?
Can Bimergen Energy Corp. BESS provide insights into its current project pipeline, and how the new funding will accelerate the development of utility-scale battery energy storage systems?
What risks and uncertainties does Bimergen Energy Corp. BESS anticipate in executing its projects, as highlighted in its prospectus, and how does it plan to mitigate these risks while pursuing growth?
**MWN-AI FAQ is based on asking OpenAI questions about Bitech Technologies Corporation (OTC: BTTC).
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