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American Fusion, Inc. logo
AMFN$0.0789-4.94%

American Fusion, Inc.

Sector: Electric ServicesIndustry: Engineering & ConstructionCountry: USExchange: OTC

Mkt Cap$127.74M
Float & O/S
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DilutionScan read 15 of American Fusion, Inc.'s SEC filings and found 2 warrant series, 6 convertibles and 3 completed offerings on file for AMFN. The latest dilution event on file is an agreed share issuance on Sep 30, 2026. Analysis updated Oct 7, 2026.

Signal8 Summary

AMFN

Pre-revenue fusion developer with tight cash

Snapshot

American Fusion is a pre-revenue company developing fusion energy technology. It has reported zero revenue for the last three years and holds only $3,000 in cash against $384,000 of debt.

What's Happening Right Now

  • : Appointed John Gerdin to the Board of Directors as an Independent Director and Strategic Advisor to bolster corporate finance and governance.
  • : Filed six new U.S. patent applications covering the Texatron Fusion Engine, bringing the total portfolio to 82 applications as engineering teams prepare for the next testing phase.
  • : Completed the initial testing phase of its Texatron Fusion Engine at Texas Tech University, successfully achieving remote ignition and high-voltage operation.
  • : Appointed Alec Rossa as Chief Revenue Officer to lead global commercial strategy and partnerships for its planned Power-as-a-Service business model.
  • : Received a Certificate for Industrial Radiation Machines from the Texas Department of State Health Services, authorizing testing for all 12 registered Texatron models.

Raise routes on file: no active ATM, effective shelf, S-1 or equity line in the filings read · latest dilution event 34 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Sep 30, 2026 · Issuance Agreed

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

Warrants · 2

What is this?

Exercise price, shares and dates with Pro

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 6

What is this?

Principal, conversion terms and dates with Pro

Convertible

Defaulted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Defaulted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Defaulted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Defaulted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Convertible

Defaulted

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Series C Convertible Preferred Stock

Not yet issued

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Offerings · 3

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

PIPE

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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