American Fusion Inc. (OTCQB: AMFN), a developer of the Texatron fusion energy platform, announced several operational and commercialization developments on Oct. 22, 2026, including plans to submit proposals for at least four Texas data center projects and steps toward establishing permanent research facilities.

The company said it is preparing proposals to integrate its Texatron power generation systems into large-scale data center developments in Texas under a Power-as-a-Service model, in which American Fusion would retain ownership of its systems while customers purchase electricity under long-term agreements. The company noted that its Texatron platform remains under development and that future testing will be required to establish its technical performance and commercial viability.

American Fusion received an occupancy permit for a new operating facility and expects to begin moving in on or before Nov. 1, 2026. The facility is intended to serve as a headquarters and assembly location for the Texatron development program.

The company also said it is working toward acquiring property in North Texas for a purpose-built research and testing campus, with the transaction potentially closing by the end of October 2026, subject to customary closing conditions. The planned campus would include experimental testing facilities, assembly areas, pulsed-power equipment and research laboratories.

American Fusion reported it has received financing proposals from several investment banking firms and is negotiating terms, though it cautioned there is no assurance any proposal will result in a completed transaction.

The company said its engagement of a new independent registered public accounting firm, which is larger than its previous auditor, is in final review. Upon completion, American Fusion intends to file a Current Report on Form 8-K and expects to file its quarterly report for the period ended Sept. 30, 2026 on a timely basis.

American Fusion also said it is preparing to resume testing at Texas Tech University and evaluating additional testing locations. The company emphasized that the Texatron has not demonstrated fusion ignition, net energy gain, or commercial electrical generation.