American Fusion Inc. (OTC: AMFN) announced the appointment of Michael Carlson as chief financial officer, bringing more than 30 years of experience in corporate finance, capital markets, and advisory leadership, including prior roles at Budapest Airport and KPMG. The appointment is part of the company's ongoing efforts to build its executive team to support capital formation and commercialization of its fusion energy platform.
The company also reported completion of PCAOB audits for fiscal 2024 and 2025 and the filing of a Form 10 registration statement. These steps are critical for the company to meet regulatory requirements and attract investment as it progresses toward bringing its technology to market. The PCAOB audits, in particular, are a key milestone for companies seeking to list on major exchanges and build investor confidence.
In addition, American Fusion noted progress in ongoing legal matters, including a Delaware court decision denying motions related to its Series 2020 preferred shares and a pending outcome from a Washington State hearing. While the company did not provide specific details on the legal proceedings, these developments are important for clarifying the company's capital structure and reducing uncertainty for investors.
American Fusion is focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. 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. The Texatron(TM) aneutronic fusion platform being developed by Kepler is designed for modular, infrastructure-grade deployment for industrial, commercial, and grid-constrained applications.
The appointment of Michael Carlson as CFO comes at a pivotal time for American Fusion as it seeks to advance its fusion energy technology from development to commercialization. With his extensive experience in corporate finance and capital markets, Carlson is expected to play a key role in securing the necessary funding and financial oversight to support the company's growth.
For more information about American Fusion, visit americanfusionenergy.com. For more information about Kepler Fusion Technologies and its Texatron(TM) platform, visit www.keplerfusion.com. The full press release is available at https://ibn.fm/nH5HQ.
