American Fusion Inc. (OTC: AMFN) announced it has secured a default judgment from the Superior Court of Washington, King County, ordering the cancellation of 1,683,000,000 shares of common stock that were deemed improperly issued by prior management. The court confirmed that the underlying transactions were never consummated and are void, effectively removing these shares from the company's capitalization table.
The company stated that this action strengthens its capitalization structure ahead of its first quarterly filing as a fully reporting company. This milestone follows the February 2026 merger with Kepler Fusion Technologies and completes a series of governance achievements, including a PCAOB audit, Form 10 filing, and corporate name and symbol change as American Fusion advances toward exchange listing and commercialization of its fusion platform.
American Fusion is 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 and disciplined intellectual property development. Kepler's Texatron™ aneutronic fusion platform is designed for modular, infrastructure-grade deployment in industrial, commercial, and grid-constrained applications.
For more details on the court order, visit the full press release at https://ibn.fm/1p0hW. Additional information about American Fusion is available at americanfusionenergy.com, and details on Kepler's Texatron platform can be found at www.keplerfusion.com.
