Renewal Fuels, Inc. (OTC: RNWF), operating as American Fusion, announced that all closing conditions for its transaction with Kepler Fusion Technologies Inc. have been satisfied and the transaction is formally closed.

Renewal Fuels, Inc. (OTC: RNWF) ("RNWF", "American Fusion" or the "Company"), today announced that all closing conditions under its previously disclosed transaction with Kepler Fusion Technologies Inc. have been satisfied and the transaction is now formally closed.

The final contractual condition was completed with an effective date of February 27, 2026, establishing a definitive closing date for accounting purposes. This milestone provides clarity for purchase price accounting treatment and simplifies the Company's year-end audit for fiscal year 2025, which is currently nearing completion.

Management indicated that formal completion of the transaction allows the Company to finalize acquisition accounting and related disclosures in coordination with its independent auditor, supporting continued progress toward full SEC reporting status.

Separately, the Company confirmed that it refiled its Motion for Entry of Default Judgment in the pending Washington matter on February 27, 2026, with additional specificity as requested by the court. The Company will provide further updates as appropriate.

The Company continues to advance additional patent filings supporting the Texatron™ platform and remains focused on its regulatory initiatives, including preparation of its Form 10 registration statement under the Securities Exchange Act of 1934, which is substantially complete. The Company is in the process of obtaining required EDGAR access codes in order to file the Form 10 with the SEC and anticipates filing in the near term. The PCAOB audit for fiscal years 2024 and 2025 is nearing completion, with only a single substantive audit item outstanding prior to finalization. The Company is also progressing its corporate action with FINRA related to its transition to American Fusion and requests for multiple potential trading symbols, including preferences for AFTX, AMFN, or AFEI; pending completion of FINRA's review and assignment process.

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COMTEX_478473224/2227/2026-05-03T21:23:03