American Fusion converts $2.88M in compensation to preferred equity

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Go back to American Fusion converts $2.88M in compensation to preferred equity

American Fusion Restructures Up to $2.88 Million of Stock-Based Compensation Obligations into Long-Term, Lock-Up Preferred Equity and Begins Auditor Transition to MBP Global LLP

October 7, 2026 8:00 AM EDT

SOUTHLAKE, Texas, Oct. 07, 2026 (GLOBE NEWSWIRE) -- American Fusion Inc. (OTCQB: AMFN) (American Fusion or the Company), developer of the proprietary Texatron Fusion Engine, today announced agreements to restructure existing stock-based compensation rights with an aggregate maximum contractual amount of $2.88 million into Series C Convertible Preferred Stock. The exchange is part of the Companys broader capital restructuring effort in support of its planned national securities exchange listing and institutional financing initiatives.

Preferred Equity Exchange

The agreements cover twelve officers, directors, consultants and advisors, each with an existing contractual compensation basis of $240,000.... More