American Fusion Inc. (OTC: AMFN) 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 deemed improperly issued by prior management. The court confirmed the underlying transactions were never consummated and are void, according to the company's announcement.
The share cancellation represents a significant governance milestone for American Fusion as it prepares for its first quarterly filing as a fully reporting company following the February 2026 merger with Kepler Fusion Technologies. This action strengthens the company's capitalization structure at a critical juncture in its development timeline. The company has completed a series of governance milestones including a PCAOB audit, Form 10 filing, and corporate name and symbol change as it advances toward exchange listing and commercialization of its fusion platform.
American Fusion operates as an advanced energy platform company focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. Following its previously announced merger with Kepler, the company has changed its name and is operating under the American Fusion brand. The company's strategy centers on building a scalable, infrastructure-grade fusion energy platform supported by proprietary technology, disciplined intellectual property development, and long-term commercial deployment objectives.
Kepler Fusion Technologies is developing the Texatron(TM) aneutronic fusion platform, designed to support modular, infrastructure-grade deployment for industrial, commercial, and grid-constrained applications. The company's development strategy emphasizes system-level engineering, disciplined intellectual property protection, and scalable architectures intended to support long-term commercial operation. For more information about Kepler Fusion Technologies and its Texatron(TM) platform, please visit: www.keplerfusion.com.
The share cancellation comes as American Fusion prepares for important corporate milestones, including the transition to a fully reporting company status. This legal action removes a substantial overhang from the company's capital structure that could have complicated future financing efforts and valuation assessments. For investors seeking additional information, the latest news and updates relating to AMFN are available in the company's newsroom at http://ibn.fm/AMFN.
The court-ordered share cancellation represents a critical step in American Fusion's corporate governance cleanup as the company positions itself for the next phase of its development. With the fusion energy sector attracting increasing attention from both private investors and government entities, establishing a clean capital structure and transparent governance practices becomes increasingly important for companies seeking to compete in this emerging industry. The full press release detailing this development can be viewed at: https://ibn.fm/1p0hW.
