M&A - Bitech Technologies Corp

Form Type: 10-K

Filing Date: 2025-05-30

Corporate Action: Acquisition

Type: Update

Accession Number: 000164117225013018

Filing Summary: Bimergen Energy Corporation completed the acquisition of Emergen Energy LLC on April 24, 2024, resulting in Emergen becoming a wholly-owned subsidiary of the Company. The Company issued 1,587,300 shares of its common stock to C&C Johnson Holdings LLC, which is controlled by Cole Johnson, who became the President and a director post-acquisition. The acquisition aligns with Bimergen's strategy to expand its renewable energy portfolio, enhancing its position in battery energy storage systems (BESS) and solar energy projects. The Company has undertaken significant steps to develop and operate a diversified portfolio within these sectors, particularly focusing on mitigating energy imbalances and supporting grid stability through innovative energy solutions. Furthermore, the document outlines the strategic importance of BESS and solar energy to address the growing demand for green energy solutions and improve overall grid performance. The potential for future growth within the BESS market is emphasized, highlighting increasing electricity demands, especially from sectors like AI data centers. Bimergen's proactive development strategies and partnerships position it favorably in a rapidly evolving energy landscape.