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American Fusion (OTC: AMFN) completed the structural frame for its 5MW Texatron pre-production unit, marking a move from prototype work toward integrated assembly and controlled testing readiness.
The unit will undergo further integration before shipment to Fort Worth for testing, pending regulatory review by the Texas Department of State Health Services. The company engaged Revere Securities as a finder for a proposed $5.0 million offering to fund integration, diagnostics procurement, regulatory and testing activities, and working capital.
American Fusion (OTC: AMFN) filed an amendment on May 4, 2026 to reduce authorized common shares from 3.0B to 1.8B, following cancellation of ~1.683B shares and leaving ~1.316B issued and outstanding. The company received ~$793,000 YTD under a prepaid warrant facility (fixed $0.05 exercise) toward a $3.0M commitment and expects Form 10 effectiveness ~May 15, 2026.
The move aims to align capital structure with current capitalization while preserving shares for M&A, equity compensation, and debt settlements.
American Fusion (OTC: AMFN) launched a Government Procurement Services segment and received a purchase order to supply two Microchip 53100A Phase Noise Analyzers for a Canadian Department of National Defence / QETE requirement under DND Contract W8486-260222/A.
AMFN will act as a U.S. source-of-supply vendor to Effective Acceleration Ventures Ltd.; purchase order value is approximately $58,000, excluding shipping and pass-through costs. Revenue recognition is subject to delivery, acceptance, and payment.
American Fusion (OTC: AMFN) canceled 1,683,000,000 common shares and returned them to treasury pursuant to a final court order dated April 27, 2026. The company expects issued and outstanding shares to be approximately 1,316,801,029, a ~56% reduction, after transfer agent updates.
The company plans a possible OTCQB uplist as early as mid-May 2026, expects to file its Q1 2026 Form 10-Q reflecting merger-contributed intellectual property, and may issue 240,000,000 restricted affiliate shares related to the Kepler transaction.
American Fusion (OTC: AMFN) announced placement in an AINewsWire editorial on April 24, 2026, highlighting energy constraints as a growing limit on AI expansion. The piece frames data centers as rising power consumers and describes AMFN's focus on aneutronic fusion and related supply chain work toward scalable energy systems for AI workloads.
American Fusion (OTC: AMFN) is expanding its Texatron™ intellectual property program, with approximately 280 patent filings in progress and an objective to pursue about 300 additional filings targeting reactor design, plasma behavior, energy conversion, and system integration.
The company plans to reflect IP contributed in the Feb 27, 2026 merger in its upcoming Q1 2026 Form 10-Q and has engaged an advisor to pursue a potential dual listing on the Frankfurt Stock Exchange; litigation in the Delaware Court of Chancery remains pending.
American Fusion (OTC: AMFN) was featured in an AINewsWire editorial on April 22, 2026 about energy limits for AI growth. The piece highlights the rising electricity demand of hyperscale data centers and positions American Fusion's focus on aneutronic fusion and supply-chain development as a potential path to scalable, high-efficiency energy systems.
The company says its work targets infrastructure capable of supporting AI-driven workloads as the sector shifts from theory toward deployable energy solutions.
American Fusion (OTC: AMFN) engaged Samuel Reid as Government Strategy and Procurement Advisor to pursue non-dilutive government funding, institutional contracts, and defense procurement channels. The company said it will align its platform with U.S. DOE programs, defense research channels, and European fusion initiatives while advancing program partnerships.
The company also filed an opening brief in a Delaware motion to dismiss and is implementing an ordered share cancellation in a Washington matter, expecting record updates in the normal course.
American Fusion (OTC: AMFN) reported participation at the ARPA-E Energy Innovation Summit 2026, where executives and technical leaders presented the Texatron™ fusion roadmap, met U.S. government labs and Navy representatives, and advanced commercialization and supply-chain planning.
The company refined near-term commercial focus on data center and behind-the-meter power use cases, explored helium-3 and deuterium sourcing, and is evaluating a potential dual listing in Frankfurt to strengthen European partnerships.
American Fusion (OTC: AMFN) says it is in final discussions to secure multi-year supply contracts for helium-3 and deuterium to fuel its Texatron aneutronic fusion system, aiming to reduce long-term operational uncertainty and support commercialization.
The company also reported recent Delaware Court of Chancery rulings denying expedited relief, filed a motion for injunctive relief on April 1, and expects court-ordered share cancellations to be reflected in its records.