Bimergen Energy Completes NYSE American Offering and Listing

Bimergen Energy ( (BESS) ) just unveiled an update.

On February 20, 2026, Bimergen Energy Corporation entered into an underwriting agreement with ThinkEquity for a public offering of 3.1 million common shares, 300,000 pre-funded warrants, and 3.4 million accompanying warrants at a combined price of $4.00. The warrants are immediately exercisable at $5.00 per share for five years, with pre-funded warrants exercisable at a nominal price and no expiration.

The underwriter received a standard discount, expense reimbursements, and underwriter warrants equal to 5% of shares sold, and exercised a partial over-allotment on February 23, 2026 for 200,000 additional warrants. Also on February 23, the offering closed, raising about $13.6 million in gross proceeds, which Bimergen plans to direct toward battery energy storage project asset development, project build-out, and working capital.

Lock-up agreements will restrict sales by the company, directors, executives, and key shareholders for 180 days, aiming to support trading stability after the deal. In conjunction with the pricing on February 20, 2026, Bimergen’s common stock and warrants began trading on the NYSE American under the symbols BESS and BESSWS, respectively, marking a key capital markets milestone for the battery storage developer.

ThinkEquity acted as sole book-running manager on the transaction, underscoring continued investment bank interest in grid-scale storage names. The NYSE American listing and fresh capital are expected to strengthen Bimergen’s ability to advance its U.S. storage portfolio and may enhance visibility and liquidity for existing shareholders in a sector drawing increasing investor attention.

More about Bimergen Energy

Bimergen Energy Corporation is a U.S.-based independent power producer focused on utility-scale and distributed standalone battery energy storage systems, developing, owning, and operating BESS projects that enhance grid reliability, integrate renewables, and provide flexible energy solutions across multiple U.S. power markets.

The company manages the full project lifecycle for its storage assets, including site selection, permitting, engineering, procurement, construction, and ongoing operations, positioning it as a vertically integrated player in the fast-growing battery storage segment of the power industry.

Average Trading Volume: 27,329

Technical Sentiment Signal: Sell

Current Market Cap: $17.51M

For detailed information about BESS stock, go to TipRanks’ Stock Analysis page.