Newport Seaside, CA, Feb. 19, 2026 (GLOBE NEWSWIRE) — Bimergen Energy Corporation (“Bimergen” or the “Firm”) (NYSE American: BESS, BESSWS), a utility-scale battery power storage programs (BESS) asset proprietor, undertaking developer, and unbiased energy supplier, immediately introduced the pricing of an underwritten public providing of widespread inventory (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) and one accompanying warrant per widespread inventory or Pre-Funded Warrant, at a public providing value of $4.00, for gross proceeds of $13,600,000, earlier than deducting underwriting reductions and providing bills. Every warrant is exercisable for one share of widespread inventory at an train value of $5.00, and will likely be instantly exercisable upon issuance for a interval of 5 years following the date of issuance. As well as, Bimergen has granted the underwriters a 45-day choice to buy as much as an extra 510,000 shares of widespread inventory (or Pre-Funded Warrants) and/or an extra 510,000 warrants to cowl over-allotments, if any.
The Firm intends to make use of the proceeds to develop BESS initiatives and for working capital.
The shares of widespread inventory and warrants are anticipated to start buying and selling on the NYSE American on February 20, 2026, underneath the symbols “BESS” and “BESSWS”, respectively. The providing is anticipated to shut on February 23, 2026, topic to satisfaction of customary closing situations.
ThinkEquity is performing as sole book-running supervisor for the providing.
A registration assertion on Kind S-1 (File# 333-280668) regarding the shares was filed with the Securities and Change Fee (“SEC”) and grew to become efficient on January 29, 2026. This providing is being made solely by means of a prospectus. Copies of the ultimate prospectus, when accessible, could also be obtained from ThinkEquity, 17 State Avenue, 41st Ground, New York, New York 10004. The ultimate prospectus will likely be filed with the SEC and will likely be accessible on the SEC’s web site positioned at http://www.sec.gov.
This press launch shall not represent a suggestion to promote or a solicitation of a suggestion to purchase, nor shall there be any sale of these securities in any state or jurisdiction through which such a suggestion, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
About Bimergen Energy Corporation
Bimergen Energy Corporation (NYSE American: BESS, BESSWS) is a U.S.-based unbiased energy producer specializing within the growth, possession, and operation of standalone battery power storage programs (BESS). Bimergen develops utility-scale and distributed storage initiatives designed to supply grid reliability, renewable integration, and versatile power options. Bimergen manages the total undertaking lifecycle, together with web site choice, allowing, engineering, procurement, development, and operations. Its portfolio spans a number of energy markets throughout the US.
Ahead Trying Statements
This press launch comprises “forward-looking statements” which might be topic to substantial dangers and uncertainties. All statements, apart from statements of historic reality, contained on this press launch are forward-looking statements. Ahead-looking statements contained on this press launch could also be recognized by the use of phrases comparable to “anticipate,” “consider,” “ponder,” “may,” “estimate,” “count on,” “intend,” “search,” “could,” “may,” “plan,” “potential,” “predict,” “undertaking,” “goal,” “goal,” “ought to,” “will” “would,” or the detrimental of these phrases or different related expressions, though not all forward-looking statements include these phrases. Ahead-looking statements are primarily based on Bimergen Energy Corporation’s present expectations and are topic to inherent uncertainties, dangers and assumptions which might be tough to foretell. Additional, sure forward-looking statements are primarily based on assumptions as to future occasions that won’t show to be correct. These and different dangers and uncertainties are described extra absolutely within the part titled “Threat Components” within the remaining prospectus associated to the general public providing filed with the Securities and Change Fee. Ahead-looking statements contained on this announcement are made as of this date, and Bimergen Energy Corporation undertakes no responsibility to replace such info besides as required underneath relevant legislation.
Contact:
Dave Gentry
RedChip Firms Inc.
1-407-644-4256 | 1-800-REDCHIP (733-2447)
BESS@redchip.com
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