American Fusion Inc. (OTC: AMFN), Obtains Court Order Cancelling 1.683 Billion Shares, Eliminating More Than Half of All Outstanding Common Stock

Core Viewpoint - American Fusion Inc. has successfully obtained a default judgment to cancel 1,683,000,000 improperly issued shares, restoring the integrity of its capitalization structure and preparing for its inaugural quarterly filing as a fully reporting company [1][2]. Group 1: Share Cancellation and Corporate Actions - The court ordered the cancellation of 1.683 billion shares that were improperly issued, confirming that the underlying transactions were never consummated [1][5]. - The cancellation is expected to be reflected in the Company's records before the end of the current quarter, ensuring accurate reporting of issued and outstanding shares [5]. - The completion of this share cancellation is part of a series of corporate governance and regulatory milestones aimed at establishing a transparent public company platform [3]. Group 2: Strategic Priorities and Future Plans - Following the completion of the share cancellation, the Company is focused on pursuing a listing on a national securities exchange and advancing the commercialization of Kepler Fusion Technologies' Texatron aneutronic fusion platform [3]. - The Company has completed a two-year PCAOB audit, establishing a foundation for financial reporting and regulatory compliance [5]. - The Company has filed a Form 10 registration statement with the SEC, which is expected to become effective automatically 60 days after filing [5]. Group 3: Corporate Identity and Structure - The Company has changed its name to American Fusion Inc. and its trading symbol to AMFN, aligning its public identity with its strategic direction following the merger with Kepler Fusion Technologies [5]. - The business combination with Kepler Fusion Technologies was completed on February 27, 2026, and the Company is finalizing purchase price accounting and related valuation analysis [5]. Group 4: Related Legal Matters - In related litigation, the Delaware Court of Chancery denied motions for expedited proceedings regarding corporate control claims, determining that the plaintiff failed to establish a valid claim [6]. - The Company intends to file a motion to dismiss in response to the ongoing legal matters [7].