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 a critical step in strengthening the company'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.
The company has completed a series of governance milestones, including a PCAOB audit, Form 10 filing, and corporate name and symbol change. These steps are part of its strategy to advance toward an exchange listing and commercialization of its fusion platform. The cancellation of these shares removes potential dilution and clarifies the company's equity position, which is essential for attracting investors and partners.
American Fusion Inc. 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 emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures for long-term commercial operation.
The merger with Kepler Fusion Technologies, which closed in February 2026, brought together American Fusion's public market presence with Kepler's proprietary fusion technology. Since then, the company has been working to meet reporting requirements and strengthen its balance sheet. The court order is a significant milestone that resolves legacy issues from prior management, clearing the path for the company's future growth.
For more information about American Fusion Inc., visit americanfusionenergy.com. Details about the Texatron™ platform can be found at www.keplerfusion.com. The full press release is available at https://ibn.fm/1p0hW.
