Summary by Futu AI
NANO Nuclear Energy has successfully completed its firm commitment underwritten public offering, initially raising $36M through the sale of 2,117,646 units at $17.00 per unit. Each unit consisted of one common stock share and one warrant to purchase 0.5 shares of common stock.The company's lead managing underwriter fully exercised their over-allotment option, purchasing an additional 317,646 shares and 317,646 warrants. The over-allotment warrant purchase closed on October 25, 2024, while the share purchase closed on October 29, 2024, generating additional gross proceeds of $5.4M.With the complete exercise of the over-allotment option, the total gross proceeds from the offering reached approximately $41.4M, with net proceeds of $37.7M after deducting underwriting discounts and other offering expenses.