Bimergen Energy prices public offering at $4.00 per share

Bimergen Energy (BESS) announced the pricing of an underwritten public offering of common stock 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. Each warrant is exercisable for one share of common stock at an exercise price of $5.00, and will be immediately exercisable upon issuance for a period of five years following the date of issuance. In addition, Bimergen has granted the underwriters a 45-day option to purchase up to an additional 510,000 shares of common stock and/or an additional 510,000 warrants to cover over-allotments, if any. ThinkEquity is acting as sole book-running manager for the offering.