Bimergen Energy Corporation (NYSE American: BESS) closed its underwritten public offering of common stock (or pre-funded warrants) and accompanying warrants at a public offering price of $4.00 per share, for gross proceeds of $13,600,000, in connection with the company’s uplisting to the NYSE American. Each warrant is exercisable at $5.00 per share for a five-year term.
The offering included a 45-day over-allotment option for up to 200,000 additional shares and/or warrants. Proceeds are intended to support the development of utility-scale battery energy storage system projects and working capital.
ThinkEquity served as sole book-running manager, with Lucosky Brookman LLP acting as company counsel.
