Bimergen Energy Corp. (BESS) has completed a dual‑step transaction that will move its common stock from the OTCQB market to the NYSE American exchange, where it will trade under the ticker BESS beginning on December 11, 2025. The uplisting will terminate OTCQB trading on December 10, 2025, and shareholders will not need to take any action to effect the transition.
The company is also conducting a firm‑commitment equity offering that will sell 1,321,586 shares at an assumed price of $9.08 per share, generating net proceeds of approximately $10.6 million. The offering will increase the total shares outstanding from 3,857,906 to 5,179,492, representing a dilution of roughly 35% for current shareholders.
Bimergen’s project portfolio includes 1.97 GW of battery energy storage system (BESS) development and 1.64 GW of solar development. In addition, the company has two separate joint‑venture agreements: a 2 GW BESS partnership with RelyEZ Energy Group and a 1 GW BESS partnership with Cox Energy Group, for a combined 3 GW of joint‑venture capacity that is distinct from its own development pipeline.
The company’s financials reflect its development‑stage status. For the six months ended June 30 2025, Bimergen reported zero revenue and a net loss of $1.68 million, with an accumulated deficit of $6.45 million. The equity raise is intended to fund the capital‑intensive construction of its BESS and solar projects, which are estimated to require more than $5 billion in total investment.
Management emphasized the strategic importance of the uplisting and the capital raise. Co‑CEO Bob Brilon said the move “will significantly boost Bimergen’s visibility within the financial markets, providing a platform to attract a diverse range of investors.” Co‑CEO Cole Johnson added that the milestones “position the company for greater financial opportunities, accelerating project execution and operational expansion.” Executive Chairman Benjamin Tran noted that listing on NYSE American “allows us to showcase our simple business strategy as it relates to the battery energy storage market and our promising future for enhancing shareholder value.”
The uplisting brings Bimergen into a regulated exchange with stricter reporting and governance requirements, which can improve investor confidence and potentially lower the company’s cost of capital. However, the transition also increases compliance obligations and may expose the company to greater regulatory scrutiny. The concurrent equity offering provides the necessary liquidity to advance its pipeline, but the dilution impact underscores the need for careful capital deployment to maintain shareholder value.
The combination of a higher‑profile listing and a targeted capital raise positions Bimergen to accelerate its development agenda while aligning its capital structure with the expectations of institutional investors. The company’s ability to secure additional financing and manage dilution will be key to translating its pipeline into commercial operations and generating future revenue streams.
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