NANO Nuclear Energy has successfully closed a $60M private placement with three accredited institutional investors on November 27, 2024. The company sold 2,500,002 shares of common stock at $24.00 per share, along with five-year warrants to purchase an additional 2,500,002 shares at $26.00 per share. After deducting fees and expenses, the net proceeds are expected to be approximately $55.12M.The financing significantly strengthens NANO Nuclear's cash position to over $125M within seven months of becoming a public company. The proceeds will be used to advance the company's portable microreactor technologies, expand auxiliary businesses, pursue complementary acquisitions, and drive growth towards initial revenue generation.The Benchmark Company acted as sole placement agent for the transaction. The company has agreed to file a registration statement by January 15, 2025, covering the resale of the shares and warrants. The securities were offered under Section 4(a)(2) of the Securities Act and Rule 506(b), without registration under the Securities Act of 1933.

NANO Nuclear Energy has successfully closed a $60M private placement with three accredited institutional investors on November 27, 2024. The company sold 2,500,002 shares of common stock at $24.00 per share, along with five-year warrants to purchase an additional 2,500,002 shares at $26.00 per share. After deducting fees and expenses, the net proceeds are expected to be approximately $55.12M.The financing significantly strengthens NANO Nuclear's cash position to over $125M within seven months of becoming a public company. The proceeds will be used to advance the company's portable microreactor technologies, expand auxiliary businesses, pursue complementary acquisitions, and drive growth towards initial revenue generation.The Benchmark Company acted as sole placement agent for the transaction. The company has agreed to file a registration statement by January 15, 2025, covering the resale of the shares and warrants. The securities were offered under Section 4(a)(2) of the Securities Act and Rule 506(b), without registration under the Securities Act of 1933.