Rhea-AI Summary
Bimergen Energy Corporation (NYSE American: BESS, BESSWS) priced an underwritten public offering at $4.00 per share (or pre-funded warrant) with one accompanying warrant, raising gross proceeds of $13,600,000 before fees.
Each warrant is exercisable for one share at $5.00, immediately exercisable for five years. The underwriters have a 45-day option for up to an additional 200,000 shares and 200,000 warrants. Trading is expected to begin on February 20, 2026, with closing targeted for February 23, 2026.
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