American Fusion Inc. (OTC: AMFN) Reports First Quarter 2026 Financial Results, Outlines Reverse Recapitalization Accounting Treatment, and Provides Operational Update

American Fusion Inc. (OTC: AMFN) reported Q1 2026 financial results following its February 2026 reverse merger with Kepler Fusion Technologies. The company posted a net loss of $669,750 on operating expenses of $632,583, with cash and equivalents of $99,594 at quarter-end. Under reverse recapitalization accounting, internally developed technology assets were not capitalized on the balance sheet. The company secured $513,000 in prepaid warrant facility funding during Q1 and has approximately $2.2 million remaining available. Post-quarter, American Fusion obtained a court order canceling 1.68 billion shares and reduced authorized shares from 3 billion to 1.8 billion. The company continues advancing its Texatron Fusion Engine prototype in Midland, Texas, and pursuing SEC reporting compliance and exchange uplisting initiatives.