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 deemed improperly issued by prior management. The court confirmed the underlying transactions were never consummated and are void. This legal action represents a significant step in rectifying the company's capitalization structure and eliminating what it describes as improperly issued shares from its balance sheet.
The share cancellation comes at a critical juncture 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. The company has been working through a series of governance milestones including a PCAOB audit, Form 10 filing, and corporate name and symbol change. These steps are essential as American Fusion advances toward its goal of exchange listing and eventual commercialization of its fusion energy 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, now operating as a wholly owned subsidiary of American Fusion, is developing the Texatron(TM) aneutronic fusion platform. The technology is designed to support modular, infrastructure-grade deployment for industrial, commercial, and grid-constrained applications. Kepler'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 https://www.keplerfusion.com.
The court-ordered share cancellation removes a significant overhang from American Fusion's capital structure, potentially making the company more attractive to institutional investors and exchange listing committees. By addressing what it terms improperly issued shares, the company strengthens its financial foundation ahead of important regulatory filings and its planned transition to a major exchange. This development represents a key governance milestone that could facilitate the company's progress toward its commercial objectives in the competitive fusion energy sector. For more information about American Fusion, please visit https://americanfusionenergy.com. The latest news and updates relating to AMFN are available in the company's newsroom at http://ibn.fm/AMFN.
