IPO - Bitech Technologies Corp

Form Type: S-1/A

Filing Date: 2025-06-25

Corporate Action: Ipo

Type: Update

Accession Number: 000164117225016328

Filing Summary: Bimergen Energy Corporation is advancing its initial public offering (IPO) by amending its registration statement. The corporation aims to offer shares of common stock and pre-funded warrants to enhance its capital for the growth of its utility-scale renewable energy projects, especially in Battery Energy Storage Systems (BESS) and solar developments. This amendment outlines a proposed reverse stock split and details of the offering, contingent upon obtaining listing on the Nasdaq Capital Market. The IPO is part of a broader strategy to stabilize grid operations by leveraging energy storage technologies, enabling the company to respond to growing market demands for renewable energy solutions. The document also highlights risks associated with the investment and the potential for high returns compared to traditional energy sources. The effective date of this registration statement will be determined by additional amendments filed with the SEC.

Form Type: S-1/A

Filing Date: 2025-01-22

Corporate Action: Ipo

Type: Update

Accession Number: 000149315225003206

Filing Summary: Bitech Technologies Corporation is initiating a public offering of shares of common stock and Pre-Funded Warrants, aiming to raise capital for its renewable energy projects. The offering includes a proposed reverse stock split to optimize share price and avoid ownership caps that would restrict large investors. The company acquired a portfolio of 23 Battery Energy Storage System (BESS) projects and 13 solar energy projects with substantial generation capacities. Its objective is to facilitate the clean energy transition by providing energy storage solutions that stabilize the grid, particularly during peak demand periods, thus enhancing efficiency in the energy market. The management emphasizes the critical role of BESS in managing renewable energy integration and addressing supply-demand imbalances. There are associated risks highlighted, which investors should consider before engaging with the securities. The offering is underwritten on a firm commitment basis, with an option for underwriters to purchase additional shares for over-allotments, noting that the date of share delivery is expected shortly after the completion of the offering.