American Fusion Inc. (OTCQB: AMFN) Reports Third Quarter 2026 Results and $1.55 Million in Year-To-Date Financing
Key Highlights
- ➤$1.55 million financing raised year-to-date through September 30, 2026
- ➤$1.44 million third-quarter net loss; revenue was zero
- ➤$986,958 accrued compensation converted into Series C preferred equity
- ➤Total liabilities fell 21% to $1.47 million during the quarter
- ➤Company warns of substantial doubt about its ability to continue as a going concern
Expert Statements
Brent Nelson, Chairman and CEO of American Fusion
“The third quarter was about building a stronger foundation”
Brent Nelson, Chairman and CEO of American Fusion
“We meaningfully expanded our patent portfolio, invested in testing equipment and moved nearly $1 million of accrued compensation off our balance sheet and into long-term equity. That equity is aligned with the success of our shareholders. Our stockholders’ deficit improved by roughly a third in a single quarter.”
Brent Nelson, Chairman and CEO of American Fusion
“With the independent technology review underway, our Texas registration in place and our North Texas facilities coming online, we are focused on disciplined execution and transparent reporting as we advance the Texatron™ program”
SOUTHLAKE, Texas, Nov. 13, 2026 (GLOBE NEWSWIRE) -- American Fusion Inc. (OTCQB: AMFN) (“American Fusion” or the “Company”), developer of the proprietary Texatron™ Fusion Engine™, today announced the filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026. The Company also highlighted financial, operational and corporate progress during the quarter and in recent weeks.
During the third quarter, American Fusion strengthened its balance sheet and grew its intellectual property portfolio. It also invested in research and testing equipment and converted most of its accrued compensation obligations into long-term equity. After the quarter ended, the Company completed a leadership transition. It also raised additional capital as it prepares for the next phase of Texatron™ development and testing.
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