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Bimergen Energy Corporation Announces Closing of $13.6 Million Public Offering

BESS
  • Bimergen Energy Corporation announced the closing of a public offering of common stock and accompanying warrants at $4.00 per unit.
  • The offering included the sale of common stock or Pre-Funded Warrants, generating gross proceeds of $13,600,000 before deducting underwriting discounts & expenses.
  • Underwriters exercised a partial over-allotment option, purchasing 200,000 warrants in connection with the transaction.
  • Bimergen granted underwriters a 45-day option to purchase up to an additional 200,000 shares of common stock or Pre-Funded Warrants, plus an equal number of additional warrants.
  • The Company intends to utilize the proceeds for the development of utility-scale battery energy storage systems (BESS) projects & working capital.
  • ThinkEquity served as the sole book-running manager for the offering.
  • The related Form S-1 registration statement became effective on January 29, 2026.