The offering was led by an initial investment from a preeminent asset manager alongside several new and existing institutional investors
Company’s cash position expected to be approximately $600 million following closing
New York, NY, Oct. 07, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (“NANO Nuclear” or the “Company”) (Nasdaq: NNE), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 8,490,767 shares of common stock in an oversubscribed private placement priced at the market under Nasdaq rules.
The offering is expected to result in gross proceeds of $400 million, before deducting offering expenses. The closing of the offering is expected to occur on or about October 10, 2025, subject to the satisfaction of customary closing conditions.
NANO Nuclear intends to use the net proceeds from the offering to advance development, construction and regulatory licensing activities for its lead micro nuclear reactor program, the KRONOS MMR™ Energy System, continue development of its other micro reactor projects and other nuclear energy related business lines, pursue potential strategic acquisitions, and for general corporate purposes.
Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.
The securities issued in the private placement described above have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. NANO Nuclear has agreed to file a resale registration statement with the SEC for purposes of registering the resale of the shares of common stock issued in connection with the private placement.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy 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.