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Bimergen Energy Corp (OTC:BESS), a small-cap energy company with a market capitalization of $34.5 million, announced changes to its executive leadership on Tuesday, according to a statement filed with the Securities and Exchange Commission. InvestingPro analysis suggests the stock is currently trading near its Fair Value, with shares at $8.92.
Effective Tuesday, Bejamin Tran resigned as Chief Executive Officer of the company. The filing stated that Mr. Tran’s resignation was not due to any disagreement with Bimergen Energy regarding its operations, policies, or practices. He will remain with the company as Executive Chairman.
The Board of Directors appointed Cole W. Johnson and Robert J. Brilon as Co-Chief Executive Officers to fill the vacancy. The board also confirmed that Mr. Johnson will continue in his role as President and Mr. Brilon will remain Chief Financial Officer.
Bimergen Energy Corp is incorporated in Delaware and its common stock is traded on the OTC Markets under the symbol BESS. The information is based on a press release statement provided in the SEC filing.
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