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Pre-revenue nuclear energy company Nano Nuclear Energy prices downsized IPO at $4 low end

May 8, 2024

Nano Nuclear Energy, which is developing nuclear microreactors and related fuel technologies, raised $10 million by offering 2.6 million shares at $4, the low end of the range of $4 to $6. The company offered 0.4 million fewer shares than anticipated.

Nano Nuclear Energy is an early-stage nuclear energy company developing advanced portable clean energy solutions. The company is currently pre-revenue and focused on four business lines as part of its development strategy: micro nuclear reactors, fuel fabrication, fuel transportation, and nuclear consultation services.

Nano Nuclear Energy plans to list on the Nasdaq under the symbol NNE. The Benchmark Company acted as sole bookrunner on the deal.