BIMERGEN ENERGY CORP

BESS

Market cap $9.79M

Newport Beach, CA, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (NYSE American: BESS, BESS.WS), a U.S.-based independent power producer specializing in utility-scale battery energy storage systems (BESS), today announced that its Redbird project, a 100 MW / 400 MWh battery energy storage system located in Texas, has been formally approved for participation under its Joint Development Agreement (JDA) and that the Company has selected Eos Energy Enterprises, Inc.'s (NASDAQ: EOSE) Z3™ zinc-based battery technology for the project.

Newport Beach, CA, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation (“Bimergen” or the “Company”) (NYSE American: BESS, BESS.WS), a utility-scale battery energy storage systems (BESS) asset owner, project developer, and independent power provider, today announced the closing of its public offering of common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) and one accompanying warrant per common stock or Pre-Funded Warrant, at a public offering price of $4.00, for gross proceeds of $13,600,000, before deducting underwriting discounts and offering expenses. In addition, Bimergen has granted the underwriters a 45-day option to purchase up to an additional 200,000 shares of common stock (or Pre-Funded Warrants) and/or an additional 200,000 warrants to cover over-allotments, if any. The offering also included the purchase by the underwriters of 200,000 warrants in connection with the partial exercise by the underwriters of their over-allotment option.