Renewal Fuels, Inc. (OTC: RNWF) has provided an update on its pending civil action in King County Superior Court, revealing that the court dismissed all claims against Justin Costello under Civil Rule 41 on February 26, 2026. The court also struck Costello's emergency motion for stay after he was removed as a party in the case. The legal action seeks rescission of two 2021 asset purchase agreements and cancellation of approximately 1.683 billion shares that were allegedly issued without consideration. While the court struck the company's motion for entry of default judgment against the remaining corporate defendants on procedural grounds related to citation formatting, it left defaults against those defendants in place. The court's decision did not address service, rescission, the evidentiary record, or the merits of the claims.
According to the company, it is refiling a corrected motion in compliance with procedural directives and believes this represents the last remaining material item required to effect its corporate action with FINRA for a name and voluntary symbol change. The company operates under the American Fusion brand following its merger with Kepler Fusion Technologies and has filed a corporate action with FINRA to change its legal name to American Fusion Inc. Renewal Fuels is an advanced energy platform company focused on the development and commercialization of fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies. 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.
The latest news and updates relating to RNWF are available in the company's newsroom at http://ibn.fm/RNWF. For more information about GreenEnergyStocks, which published this press release, visit https://www.GreenEnergyStocks.com. The full terms of use and disclaimers applicable to all content provided by GreenEnergyStocks can be found at https://www.greennrgstocks.com/Disclaimer.
