Bimergen Energy Corp (BESS) Form 10-Q — May 15, 2026
Bimergen Energy Corp reported a net loss of $3.75 million for the three months ended March 31, 2026, driven primarily by $2.56 million in non-cash stock-based compensation and increased legal and administrative expenses. The company generated no revenue during the period as its battery energy storage and solar projects remain in the development stage. The company closed a public offering in February 2026, raising approximately $13.6 million in gross proceeds through the sale of common stock, pre-funded warrants, and warrants.
Key figures
- Revenue
- 0
- Total Debt
- 0
- Total Assets
- 35322857
- Cash Position
- 8908226
- Shares Outstanding
- 7072573
- Offering Gross Proceeds
- 13600000
- Stock Based Compensation
- 2564000
Price after filing
Close on the filing date to close N calendar days later (from $3.96). Historical, not a forecast.
AI analysis
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