Bimergen Energy Enhances Shareholder Value by Canceling 25.1% of Its Outstanding Common Stock

Bimergen Energy Enhances Shareholder Value by Canceling 25.1% of Its Outstanding Common Stock

Newport Beach, CA, June 30, 2025 (GLOBE NEWSWIRE) -- Bimergen Energy Corporation [OTCQB: BESS], ('the Company” or 'Bimergen”), a developer of utility-scale battery energy storage projects and an independent power provider, today announced the proceeding of a corporate action to cancel 1,287,694 shares upon a shareholder litigation completion. This action follows the favorable ruling from the Superior Court of California from a litigation which b…