QualityStocksNewsBreaks – American Fusion Inc. (OTC: AMFN) Restructures $2.88 Million in Stock-Based Compensation Rights
American Fusion (OTC: AMFN), developer of the proprietary Texatron(TM) Fusion Engine(TM), entered into agreements to restructure existing stock-based compensation rights with an aggregate maximum contractual amount of $2.88 million into Series C Convertible Preferred Stock. The agreements cover 12 officers, directors, consultants and advisors and provide for the issuance of up to 288,000 Series C preferred shares, subject to applicable earning and exchange provisions. The company said the restructuring is part of a broader capital restructuring effort supporting its planned national securities exchange listing and institutional financing initiatives. American Fusion also said JV CPA Inc. resigned as its independent registered…