NANO Nuclear Energy Inc. has closed an $18 million underwritten public offering, selling 900,000 shares and warrants at $20 per unit. The company raised approximately $16.1 million in net proceeds, following its $10.25 million IPO in May 2024. NANO Nuclear plans to use the funds to advance its proprietary microreactor designs, HALEU fuel transportation technology, and domestic HALEU fuel fabrication development.The offering included warrants to purchase 517,500 shares, exercisable at $20 per share for five years. The underwriter partially exercised its over-allotment option to purchase 135,000 warrants and retains an option to buy 135,000 additional shares until August 9, 2024. NANO Nuclear, claiming to be the first publicly listed portable nuclear microreactor company in the U.S., aims to accelerate its advanced nuclear technology innovations and potentially generate initial revenues by year-end through its consulting services division.

NANO Nuclear Energy Inc. has closed an $18 million underwritten public offering, selling 900,000 shares and warrants at $20 per unit. The company raised approximately $16.1 million in net proceeds, following its $10.25 million IPO in May 2024. NANO Nuclear plans to use the funds to advance its proprietary microreactor designs, HALEU fuel transportation technology, and domestic HALEU fuel fabrication development.The offering included warrants to purchase 517,500 shares, exercisable at $20 per share for five years. The underwriter partially exercised its over-allotment option to purchase 135,000 warrants and retains an option to buy 135,000 additional shares until August 9, 2024. NANO Nuclear, claiming to be the first publicly listed portable nuclear microreactor company in the U.S., aims to accelerate its advanced nuclear technology innovations and potentially generate initial revenues by year-end through its consulting services division.