American Fusion Inc. (OTC: AMFN) announced that 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, effectively removing a significant overhang on the company's equity.
The cancellation strengthens American Fusion'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. This milestone is part of a series of governance achievements, including a PCAOB audit, Form 10 filing, and corporate name and symbol change, as the company advances toward exchange listing and commercialization of its fusion platform.
American Fusion is an advanced energy platform company focused on developing and commercializing fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. Kepler is developing the Texatron™ aneutronic fusion platform, designed for modular, infrastructure-grade deployment in industrial, commercial, and grid-constrained applications. The company's strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures for long-term commercial operation.
For more information about American Fusion, visit americanfusionenergy.com. Additional details about Kepler Fusion Technologies and its Texatron platform can be found at www.keplerfusion.com.
The full press release is available at https://ibn.fm/1p0hW.
