American Fusion Inc. (OTC: AMFN), developer of the proprietary Texatron™ Fusion Engine™, disclosed agreements to restructure existing stock-based compensation rights with an aggregate maximum contractual amount of $2.88 million into Series C Convertible Preferred Stock. The restructuring, detailed in a press release, covers 12 officers, directors, consultants and advisors and provides for the issuance of up to 288,000 Series C preferred shares, subject to applicable earning and exchange provisions.
The company said the move is part of a broader capital restructuring effort supporting its planned national securities exchange listing and institutional financing initiatives. By converting cash-settled or variable stock-based obligations into fixed preferred equity, American Fusion appears to be cleaning up its capital structure—a common step for over-the-counter companies seeking to uplist to a national exchange such as Nasdaq or the NYSE. A successful listing could improve liquidity, broaden the investor base, and potentially lower the company’s cost of capital.
In a separate development, American Fusion announced that JV CPA Inc. resigned as its independent registered public accounting firm effective Oct. 1, citing health reasons. The company reported no disagreements or reportable events in connection with the resignation. American Fusion said it is in the process of engaging PCAOB-registered MBP Global LLP as its successor auditor, subject to completion of the firm’s client acceptance and onboarding procedures. A smooth auditor transition is critical for any company planning to list on a national exchange, as PCAOB-registered auditors are required for SEC reporting.
For investors, the dual announcements highlight both progress and potential risk. The restructuring aligns with American Fusion’s stated focus on capital discipline and transparent corporate governance, which could reassure institutional investors. However, the auditor resignation—even for health reasons—can raise questions about internal controls or financial reporting, particularly if the transition is delayed. The company’s ability to complete the onboarding of MBP Global LLP in a timely manner will be closely watched.
American Fusion is an advanced energy platform company focused on the development and commercialization of next-generation fusion energy technologies. Its Texatron™ Fusion Engine™ is a neutronic fusion platform designed for modular, infrastructure-grade deployment across industrial, commercial, and grid-constrained applications. The company emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation.
As a micro-cap OTC stock, American Fusion remains a speculative investment. The latest news and updates relating to AMFN are available in the company’s newsroom at https://nnw.fm/AMFN. The full press release can be viewed at https://nnw.fm/EPthW. This announcement was distributed by NetworkNewsWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN. NetworkNewsWire provides editorial syndication to 5,000+ outlets and other corporate communications solutions. Readers should review the full terms of use and disclaimers at https://www.NetworkNewsWire.com/Disclaimer.
