Nuclea Energy, which is developing a nuclear microreactor for off-grid markets and data centers, filed on Monday with the SEC to raise up to $50 million in an initial public offering.
The company plans to raise $50 million by offering 5.6 million shares at a price range of $8 to $10. At the midpoint of the proposed range, Nuclea Energy would command a market value of $354 million.
Nuclea Energy's main product is the Morpheus Microreactor, a transportable, factory fabricated, sealed core nuclear reactor designed for remote Canadian Arctic and indigenous communities, mining and resource extraction, data centers and critical infrastructure, and defense and national security. The company is still development stage and has not generated revenues to date.
The Mississauga, Canada-based company was founded in 2023. It plans to list on the NYSE American under the symbol NCLA. Nuclea Energy filed confidentially on December 19, 2025. Joseph Gunnar is the sole bookrunner on the deal.
