New York, N.Y., May 22, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ("NANO Nuclear"), an emerging vertically integrated microreactor and advanced nuclear technology company led by a world-class nuclear engineering team developing proprietary, portable, and clean energy solutions, is pleased to announce the closing today of the sale of an additional 384,375 shares of its common stock at $4.00 per share pursuant to the full exercise of underwriter's over-allotment option granted in connection with the NANO Nuclear's initial public offering which closed on May 10, 2024.
The gross proceeds from NANO Nuclear's initial public offering, inclusive of the full over-allotment exercise, before deducting underwriting discounts and commissions and other offering expenses, were approximately $11,787,500, and net proceeds were approximately $10,460,560.
NANO Nuclear's common stock is traded on the Nasdaq Capital Market under the symbol "NNE".
NANO Nuclear believes that it is the first U.S. publicly listed company focusing on the design and development of portable, nuclear microreactors. According to the U.S. Department of Energy, microreactor designs vary, but most are designed to produce 1 to 20 megawatts of thermal energy that could be used directly as heat or converted to electric power. NANO Nuclear's current microreactor designs are for reactors that would produce 1 to 5 megawatts. In addition, unlike other small or micro nuclear reactor companies, NANO Nuclear is seeking to become diversified and vertically integrated with multiple potential streams of revenue, including microreactor development, nuclear fuel fabrication and nuclear fuel transportation.
NANO Nuclear intends to use the net proceeds from its initial public offering to continue the research and development of its proprietary microreactor designs, 'ZEUS' and 'ODIN'; advance its exclusive patented license to transport commercial quantities of HALEU fuel needed for the future of the advanced nuclear industry; develop a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors and the broader advanced nuclear reactor industry, as well as general corporate purposes and working capital.
The Benchmark Company, LLC acted as the sole book-running representative for the offering. Ellenoff Grossman & Schole LLP acted as counsel to NANO Nuclear. Lucosky Brookman LLP acted as counsel to The Benchmark Company. Withum Smith+Brown PC are NANO Nuclear's registered independent auditors.
A registration statement relating to NANO Nuclear's initial public offering was filed with the Securities and Exchange Commission and was declared effective on May 6, 2024. This registration statement can be obtained by visiting the SEC website at www.sec.gov. Please see such registration statement for additional information regarding NANO Nuclear.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
紐約州紐約,2024年5月22日(GLOBE NEWSWIRE)——NANO Nuclear公司(納斯達克股票代碼:NNE)(“NANO Nuclear”)是一家新興的垂直整合微反應堆和先進核技術公司,由開發專有、便攜式和清潔能源解決方案的世界級核工程團隊領導,今天宣佈以每股4.00美元的價格再出售384,375股普通股全面行使承銷商在NANO Nuclear的首次公開募股中授予的超額配股權於 2024 年 5 月 10 日關閉。
在扣除承保折扣和佣金以及其他發行費用之前,NANO Nuclear首次公開募股的總收益(包括全部超額配股)約爲11,787,500美元,淨收益約爲10,460,560美元。
NANO Nuclear的普通股在納斯達克資本市場上市,股票代碼爲 “NNE”。
NANO Nuclear認爲,它是第一家專注於便攜式核微反應堆設計和開發的美國上市公司。根據美國能源部的說法,微反應器的設計各不相同,但大多數設計爲產生1至20兆瓦的熱能,這些熱能可以直接用作熱量或轉換爲電力。NANO Nuclear目前的微反應堆設計適用於可產生1至5兆瓦的反應堆。此外,與其他小型或微型核反應堆公司不同,NANO Nuclear正在尋求實現多元化和垂直整合,擁有多種潛在收入來源,包括微反應堆開發、核燃料製造和核燃料運輸。
NANO Nuclear打算將首次公開募股的淨收益用於繼續研究和開發其專有的微反應堆設計 “ZEUS” 和 “ODIN”;推進其獨家專利許可,以運輸先進核工業未來所需的商業數量的HALEU燃料;爲NANO Nuclear自己的微反應堆和更廣泛的先進核反應堆行業開發高測定、低濃縮鈾(HALEU)燃料製造管道的國內來源,以及一般公司用途和營運資金。
Benchmark Company, LLC是本次發行的唯一賬面運營代表。Ellenoff Grossman & Schole LLP 擔任 NANO Nuclear 的法律顧問。盧科斯基·布魯克曼律師事務所擔任基準公司的法律顧問。Withum Smith+Brown PC 是 NANO Nuclear 的註冊獨立核數師
與NANO Nuclear首次公開募股相關的註冊聲明已提交給美國證券交易委員會,並於2024年5月6日宣佈生效。該註冊聲明可以通過訪問美國證券交易委員會網站www.sec.gov獲得。有關納米核的更多信息,請參閱此類註冊聲明。
本新聞稿不構成出售要約或招攬購買這些證券的要約,在根據任何此類州或司法管轄區的證券法進行註冊或資格認證之前,此類要約、招標或出售是非法的州或司法管轄區也不得出售這些證券。