American Fusion Inc. (OTC: AMFN) announced that 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, according to a press release from the company.
This action is part of a broader effort by American Fusion to clean up its capital structure following its merger with Kepler Fusion Technologies in February 2026. The company stated that the cancellation strengthens its capitalization structure ahead of its first quarterly filing as a fully reporting company. The merger with Kepler Fusion Technologies, which focuses on developing the Texatron(TM) aneutronic fusion platform, has set the stage for a series of governance milestones.
These milestones include a PCAOB audit, a Form 10 filing, and a corporate name and symbol change. The company is now advancing toward an exchange listing and the commercialization of its fusion platform. The court order represents a significant step in resolving issues from prior management, which had issued shares without proper authorization.
American Fusion Inc. 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 is centered on building a scalable, infrastructure-grade fusion energy platform supported by proprietary technology and disciplined intellectual property development.
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 and scalable architectures intended to support long-term commercial operation.
For more information about American Fusion, visit americanfusionenergy.com. For more information about Kepler Fusion Technologies and its Texatron(TM) platform, visit www.keplerfusion.com.
The full press release is available at https://ibn.fm/1p0hW.
