--- title: "Bimergen Energy Corporation Announces Closing of $13.6 Million Public Offering | BESS Stock News" description: "Bimergen Energy Corporation has successfully closed a public offering of common stock and pre-funded warrants, raising $13.6 million at a price of $4.00 per share. The offering includes a 45-day optio" type: "news" locale: "en" url: "https://longbridge.com/en/news/276650466.md" published_at: "2026-02-23T13:55:00.000Z" --- # Bimergen Energy Corporation Announces Closing of $13.6 Million Public Offering | BESS Stock News > Bimergen Energy Corporation has successfully closed a public offering of common stock and pre-funded warrants, raising $13.6 million at a price of $4.00 per share. The offering includes a 45-day option for underwriters to purchase an additional 200,000 shares and warrants. Proceeds will be used for developing battery energy storage projects and working capital. ThinkEquity served as the sole book-running manager for the offering, which was registered with the SEC. Bimergen specializes in utility-scale battery energy storage systems and operates across multiple U.S. power markets. 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. The Company intends to use the proceeds to develop BESS projects and for working capital. ThinkEquity acted as sole book-running manager for the offering. A registration statement on Form S-1 (File No. 333-280668) relating to the shares was filed with the Securities and Exchange Commission (“SEC”) and became effective on January 29, 2026. This offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. **About Bimergen Energy Corporation** Bimergen Energy Corporation (NYSE American: BESS, BESS.WS) is a U.S.-based independent power producer specializing in the development, ownership, and operation of standalone battery energy storage systems (BESS). Bimergen develops utility-scale and distributed storage projects designed to provide grid reliability, renewable integration, and flexible energy solutions. Bimergen manages the full project lifecycle, including site selection, permitting, engineering, procurement, construction, and operations. Its portfolio spans multiple power markets across the United States. www.Bimergen.com **Forward Looking Statements** This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Bimergen Energy Corporation’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Bimergen Energy Corporation undertakes no duty to update such information except as required under applicable law. **Contact:** *Dave Gentry* RedChip Companies Inc. 1-407-644-4256 | 1-800-REDCHIP (733-2447) **BESS@redchip.com** ### Related Stocks - [BESS.US - Bimergen Energy](https://longbridge.com/en/quote/BESS.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Danske Commodities signs 10-year deal for British battery storage | Danske Commodities signs 10-year deal for British battery storage | [Link](https://longbridge.com/en/news/277155931.md) | | 14:50 ETOptronics Unveils First-of-Its-Kind Co27 DC-DC Battery Charger to Eliminate Chronic Trailer Battery Failure | Optronics International has launched the Co27 DC-DC Battery Charger, an intelligent charging system designed to prevent | [Link](https://longbridge.com/en/news/276931643.md) | | Ultrahuman’s new flagship smart ring has a 15-day battery life | Ultrahuman has launched its new flagship smart ring, the Ring Pro, which boasts a 15-day battery life and a Pro Charging | [Link](https://longbridge.com/en/news/277194994.md) | | Is Donut Labs Battery Lithium Ion? | The discussion revolves around the nature of Donut Labs' battery, specifically whether it is lithium-ion. 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