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SOUTHLAKE, Texas - Renewal Fuels, Inc. (OTC:RNWF) announced Thursday it has filed with FINRA to change its name to American Fusion Inc. and modify its trading symbol, reflecting its focus on fusion energy technologies following its acquisition of Kepler Fusion Technologies. The company currently trades at $0.02 per share with a market capitalization of approximately $63.5 million.
The company has submitted preferences for new trading symbols including AFTX, AMFN, or AFEI, with final determination pending FINRA’s review. Simultaneously, Renewal Fuels is working to redomicile from Delaware to Texas to align with its operational footprint.
The firm reported significant progress on its 2024 and 2025 PCAOB financial statement audit, targeting completion by February 2026. It has engaged securities counsel to prepare an SEC registration statement as part of its strategy to eventually list on a national exchange.
"We are methodically laying the foundation required to support a scalable fusion energy platform within the public markets," said Richard Hawkins, Chief Executive Officer of Renewal Fuels.
The company plans to appoint one or two independent directors in the coming weeks and is evaluating an uplisting to the OTCQB marketplace while preparing for a potential future listing on the Texas Stock Exchange.
Kepler Fusion Technologies, RNWF’s wholly owned subsidiary, has launched a new corporate website as part of broader branding initiatives. The company expects to release a technical white paper about Kepler’s fusion technology in the coming days.
According to the press release, Kepler is developing a compact fusion power system called Texatron, designed to deliver clean, continuous electricity without radioactive waste for industrial, commercial, and infrastructure applications.
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