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 part of the company's efforts to strengthen its 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 company has completed a series of governance milestones, including a PCAOB audit, a Form 10 filing, and a corporate name and symbol change, as it advances toward exchange listing and commercialization of its fusion platform. The cancellation of the improperly issued shares is expected to enhance shareholder value and provide a cleaner capital structure for future growth.
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 has adopted the American Fusion brand and is pursuing a scalable, infrastructure-grade fusion energy platform supported by proprietary technology and disciplined intellectual property development. For more information, visit americanfusionenergy.com.
Kepler Fusion Technologies is developing the Texatron(TM) aneutronic fusion platform, designed for modular, infrastructure-grade deployment in industrial, commercial, and grid-constrained applications. The company's development strategy emphasizes system-level engineering, intellectual property protection, and scalable architectures for long-term commercial operation. More details are available at www.keplerfusion.com.
The court order marks a significant step in cleaning up the company's capitalization table and aligns with its broader corporate governance improvements. As American Fusion continues to integrate Kepler's technology and pursue regulatory compliance, the cancellation of these shares removes a potential overhang and positions the company for future financing and listing efforts. Investors can access the full press release at https://ibn.fm/1p0hW.
