Nano Nuclear Energy Inc. (NNE) Tuesday announced an agreement for the purchase and sale of 3,888,889 shares of common stock in a private placement at $27.00 per share, for total gross proceeds of $105 million.
The closing of the offering is expected to occur on or about May 28, 2025
The private placement of the technology-driven nuclear energy company will involve several fundamental institutional investors, including a leading long-only mutual fund and a preeminent global investment manager.
The company expects net proceeds from the private placement of over $200 million to be used for micro nuclear reactors and auxiliary nuclear energy-related businesses, as well as to seek complimentary acquisitions and drive growth towards initial revenue generation.
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