American Fusion Inc. (OTC: AMFN) announced it has obtained a default judgment from the Superior Court of Washington, King County, ordering the cancellation of 1,683,000,000 shares of common stock that were deemed improperly issued by prior management. The court confirmed that the underlying transactions were never consummated and are void. This action is a critical step in strengthening the company's capitalization structure as it prepares for its first quarterly filing as a fully reporting company following the February 2026 merger with Kepler Fusion Technologies.
The court order represents a significant governance milestone for American Fusion, which has been working to clean up its corporate structure and position itself for future growth. The company has completed a series of governance milestones, including a PCAOB audit, a Form 10 filing, and a corporate name and symbol change. These actions are part of a broader strategy to advance toward an exchange listing and the commercialization of its fusion platform.
American Fusion is an advanced energy platform company focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. Following the merger, the company operates under the American Fusion brand. The company's strategy is centered on building a scalable, infrastructure-grade fusion energy platform supported by proprietary technology, disciplined intellectual property development, and long-term commercial deployment objectives.
Kepler Fusion Technologies is developing the Texatron(TM) aneutronic fusion platform, which is designed to support modular, infrastructure-grade deployment for industrial, commercial, and grid-constrained applications. The company's development strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation.
The cancellation of these improperly issued shares is expected to have a positive impact on the company's capital structure, making it more attractive to potential investors and partners. It also demonstrates the company's commitment to good governance and transparency, which are essential for a company seeking to list on a major exchange.
For more information about American Fusion, visit americanfusionenergy.com. For details on Kepler Fusion Technologies and the Texatron platform, visit www.keplerfusion.com.
