NANO Nuclear Energy Announces Pricing of Upsized $18 Million Underwritten Offering
Summary
The warrants will not trade on any market.The Benchmark Company, LLC is acting as sole book-running manager for the offeringNANO Nuclear intends to use the net proceeds from this offering to continue the research and development of its proprietary micro nuclear reactor designs, ZEUS and ODIN, advancing its exclusive licensed technology to transport commercial quantities of High-Assay, Low-Enriched Uranium (HALEU) fuel needed for the future of the advanced nuclear industry, development of a U.S. domestic source of HALEU fuel fabrication for NANO Nuclears own microreactors and the broader advanced nuclear reactor industry as well as general corporate purposes and working capital.The offering is expected to close on or about July 15, 2024, subject to the satisfaction of customary closing conditions.The offering is being made pursuant to an effective shelf registration statement on Form S-1 (File No. These forward-looking statements are based on information available to us as of the date of this news release and represent managements current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, some of which may be beyond our control. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.