NANO Nuclear Energy has become the first micro-nuclear reactor company to be listed on NASDAQ. The company, which is developing advanced portable nuclear microreactors, related fuel technologies and the transportation of the next generation of nuclear fuel, has launched an initial public offering of 2.56 million shares of its common stock, listing them at $4.00 per share.
The sole book-running manager of the offering will have a 30-day option to purchase up to an additional 384,375 shares of common stock from NANO Nuclear at the IPO price, less underwriting discounts and commissions.
NANO Nuclear’s common stock began trading on the Nasdaq Capital Market under the symbol NNE on May 8. The offering is expected to close on May 10, subject to customary closing conditions.
NANO Nuclear will use the gross proceeds from the offering to continue the research and development of its proprietary micro-nuclear reactor designs ZEUS and ODIN, advance its exclusive licensed
