Birchtech Corp. (AMEX: BCHT), a cleantech company specializing in sustainable air and water treatment, has completed its uplisting to the NYSE American exchange from the over-the-counter market. The move followed a reverse stock split and a public offering of approximately 6.25 million shares of common stock at an assumed price of $2.40 per share, valuing the offering at about $15 million based on the last reported sale price on January 9, 2026.
The company's board of directors approved a 1-for-5 reverse stock split in late December 2025, which was intended to improve the stock price and support the planned uplisting. Richard MacPherson, President & CEO of Birchtech Corp., stated that the reverse split was expected to elevate the company's capital market profile and unlock access to institutional capital. The company now trades on the NYSE American exchange under the symbol "BCHT."
The timing of the capital raise and uplisting coincides with significant legal and business developments for Birchtech. The company recently received a final judgment in a patent lawsuit dating back to July 2019, which initially involved 43 defendants including four major power utilities and numerous refined coal companies. While initially awarded $57 million, Birchtech expects the final judgment to reach $78 million. This settlement, combined with the capital from the stock sale, provides the company with substantial resources to fund expansion in the water purification market.
Birchtech reports that this financial position enables it to increase market share across the U.S. coal-fired power fleet, with potential to double over the next few years. The company seeks to establish business relationships with utilities using its patented technologies for mercury emissions capture, expecting to gain numerous new licenses and supply contracts typically extending 3-5 years.
In its water treatment business, Birchtech has secured purchase orders totaling $0.9 million from a mid-Atlantic power utility after three years of development. The company also entered an agreement with Civil & Environmental Consultants Inc. (CEC) to provide testing services to utility customers and reports a pipeline full of potential water treatment solutions projects with utilities. This expansion addresses growing concerns about water utilities needing more effective and affordable methods to remove contaminants, particularly harmful substances like PFAS "forever chemicals" linked to health risks including low birth rates, increased cancer risks, and high blood pressure in pregnant women.
With a potential $78 million settlement and approximately $20 million from its public offering, Birchtech has positioned itself with significant financial resources to capitalize on demand for cleaner air and water solutions. The company's transition to a major exchange, combined with its legal victory and expanding water business, represents a strategic consolidation of its position in the cleantech sector. This development signals Birchtech's readiness for increased investor attention as it executes its expansion plans in 2026.
