Recent news items are primarily market and sector related and do not directly pertain to American Fusion, Inc.'s business or operations.

• American Fusion, Inc. completed a reverse merger with Kepler Fusion Technologies Inc. in early 2026, establishing its focus on advanced fusion energy technologies [S1].
• As of June 30, 2026, the company reported revenue of $58,000 and a net loss of $1,275,208 for the three months ended June 30, 2026 [S1].
• The company had cash and cash equivalents of $79,341 and a current ratio of 0.08 as of June 30, 2026, indicating liquidity constraints [S1].
• Selling, general and administrative expenses were $1,253,180 for the three months ended June 30, 2026, including research and development costs of $131,342 [S1].
• The company has significant current liabilities including accounts payable, related party convertible notes, and litigation liabilities totaling $1,856,662 as of June 30, 2026 [S1].
• The company has consulting agreements with related parties including its CEO, with monthly compensation and stock-based compensation arrangements [S1].

The company is engaged in the development of advanced fusion energy technologies, a field with significant potential for transformative impact on energy markets. The reverse merger with Kepler Fusion Technologies consolidates expertise and technology under American Fusion, potentially positioning it to capitalize on future advancements in fusion energy. The company has raised capital through issuance of warrants and security purchase agreements, supporting ongoing operations and development efforts.

American Fusion is in an early stage of development with limited operating history and recurring operating losses, resulting in a substantial accumulated deficit. The company faces liquidity constraints, with a low current ratio and cash ratio as of June 30, 2026. There is substantial doubt about its ability to continue as a going concern. The company also has significant current liabilities, including related party convertible notes and litigation liabilities. The advanced fusion energy sector involves technological, regulatory, and financial risks that may impact the company's progress and capital needs.

American Fusion operates in the advanced fusion energy technology sector, which is characterized by high technological barriers to entry and significant capital requirements. The company's reverse merger with Kepler Fusion Technologies provides it with proprietary technology and expertise. However, as an early-stage company with limited operating history and ongoing losses, its competitive moat is primarily based on its technological development potential and intellectual property rather than established market presence or financial strength.

• Liquidity and Going Concern Risk: The company has a current ratio of 0.08 and cash ratio of 0.04 as of June 30, 2026, indicating limited liquidity. It has an accumulated deficit of approximately $10.9 million and recurring losses, raising substantial doubt about its ability to continue as a going concern.
• Operational and Development Risk: American Fusion is in an early stage of development with limited operating history. The success of its advanced fusion energy technologies is uncertain and may require substantial additional capital and time to commercialize.
• Financial and Related Party Risk: The company has significant current liabilities including related party convertible notes payable. Consulting agreements with related parties, including the CEO, involve stock-based compensation and fees, which may affect financial flexibility.
• Regulatory and Technological Risk: The fusion energy sector is subject to regulatory scrutiny and technological challenges. The company’s ability to navigate these risks will impact its development and commercialization prospects.

• American Fusion, Inc. is a Texas corporation focused on the development of advanced fusion energy technologies as of June 30, 2026.
• The company completed a reverse merger with Kepler Fusion Technologies Inc. on February 27, 2026, with Kepler becoming a wholly owned subsidiary and its former shareholders holding approximately 89.7% of the combined entity's common voting rights.
• The reverse merger was accounted for as a reverse recapitalization, with Kepler treated as the accounting acquirer for financial reporting purposes.
• The company completed a statutory conversion and redomestication from Delaware to Texas in February 2026, and changed its corporate name from Renewal Fuels, Inc. to American Fusion, Inc. effective March 19, 2026.
• As of June 30, 2026, the company had total assets of $196,683 and total liabilities of $1,856,662, resulting in a stockholders' deficit of $1,659,979.
• The company reported revenue of $58,000 and a net loss of $1,275,208 for the three months ended June 30, 2026.
• The company had cash and cash equivalents of $79,341 as of June 30, 2026.
• The current ratio as of June 30, 2026 was 0.08, and the cash ratio was 0.04, indicating liquidity constraints.
• Selling, general and administrative expenses were $1,253,180 for the three months ended June 30, 2026, including research and development costs of $131,342.
• The company has significant current liabilities including accounts payable and accrued expenses of $669,567, convertible notes payable related party of $489,754, and litigation liability of $697,341 as of June 30, 2026.
• The company has an accumulated deficit of approximately $10.9 million as of June 30, 2026 and has incurred recurring losses from operations, raising substantial doubt about its ability to continue as a going concern.
• The company has consulting agreements with related parties including its CEO, with monthly compensation and stock-based compensation arrangements.
• The company recognizes revenue in accordance with ASC 606 when performance obligations are satisfied, with no unbilled receivables or deferred revenue as of June 30, 2026.
• The company capitalized intangible assets of $48,472 during the six months ended June 30, 2026.
• The company issued prefunded warrants and security purchase agreements units raising net cash of $1,168,000 during the six months ended June 30, 2026.
• The weighted average shares outstanding for the three months ended June 30, 2026 was approximately 2.1 billion shares.
• The company’s financial statements are prepared in accordance with U.S. GAAP and include consolidated results of American Fusion and its subsidiary Kepler Fusion Technologies.