Corrected Press Release - Bimergen Energy Corporation Announces Pricing of Public Offering and NYSE American Listing

Core Viewpoint - Bimergen Energy Corporation has announced a public offering of common stock and accompanying warrants, aiming to raise $13.6 million for the development of battery energy storage projects and working capital [1][2]. Group 1: Offering Details - The public offering price is set at $4.00 per share, with gross proceeds expected to be $13,600,000 before underwriting discounts and expenses [1]. - Each warrant is exercisable for one share of common stock at an exercise price of $5.00, valid for five years from issuance [1]. - Underwriters have a 45-day option to purchase an additional 200,000 shares and/or warrants to cover over-allotments [1]. Group 2: Use of Proceeds - The proceeds from the offering will be utilized for the development of battery energy storage systems (BESS) projects and for working capital [2]. Group 3: Trading Information - The shares and warrants are expected to begin trading on the NYSE American under the symbols "BESS" and "BESSWS" on February 20, 2026, with the offering closing on February 23, 2026, pending customary closing conditions [2]. Group 4: Company Overview - Bimergen Energy Corporation is a U.S.-based independent power producer focused on the development, ownership, and operation of standalone battery energy storage systems [5]. - The company manages the entire project lifecycle, including site selection, permitting, engineering, procurement, construction, and operations, with a portfolio across multiple power markets in the U.S. [5].