Financing provides NANO Nuclear with financial flexibility and multiple years of operating runway in the race to develop the first advanced micro nuclear reactor in the U.S.
Financing raised at highest valuation to date; cash position is now approximately $600 million
New York, NY, Oct. 10, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company, today announced the closing of its previously announced private placement of common stock for gross
Primary participation in the private placement included an initial investment from preeminent asset managers alongside several new and existing institutional investors. In the private placement, NANO Nuclear sold 8,490,767 shares of common stock.
The financing provides NANO Nuclear with financial flexibility and multiple years of operating runway under its current plans, with cash on hand of approximately $600 million. These funds position NANO Nuclear as a leader in the race to build the first advanced nuclear micro reactor in the U.S.
NANO Nuclear will use its funding to advance development, construction and regulatory licensing activities for its lead micro reactor program, the KRONOS MMR™ Energy System, continue development of its other micro reactor projects and other nuclear energy supply chain related business lines, pursue potential strategic acquisitions, and for general corporate purposes.
“This financing is another significant milestone in our mission to build a fully integrated advanced nuclear energy company and reinforces our commitment to driving North America’s nuclear renaissance,” said Jay Yu, Founder and Chairman of NANO Nuclear. “New and continued support from some of the world’s leading institutional investors underscores their confidence in our technology, development progress, market position, and long-term vision. Our robust financial position provides us with multiple years of operational runway to advance our KRONOS MMR toward commercialization while maintaining the financial flexibility to pursue accretive opportunities that enhance our vertical integration and strengthen our market position. Our consistent ability to raise capital at higher valuations reflects both our disciplined execution and our commitment to delivering long-term shareholder value.”
“We continue to make tangible progress toward our objectives and will remain focused on deploying our capital in a disciplined and efficient manner. In the coming weeks, we expect to begin geotechnical investigations which represent our first physical action toward constructing our patented KRONOS MMR™ advanced micro modular reactor on the campus of the University of Illinois Urbana-Champaign. This is a powerful signal to the advanced nuclear technology industry: NANO Nuclear is building. We are moving toward the preparation and submission of a KRONOS-related Construction Permit Application (CPA) to the U.S. Nuclear Regulatory Commission (NRC), and we are laser focused on execution of our KRONOS program and initiatives to become a vertically integrated player across the advanced nuclear supply chain. We are very grateful for the support of our investors, and we look forward to providing further updates as we move ahead.”
Titan Partners Group, a division of American Capital Partners, acted as the sole placement agent for the offering. Ellenoff Grossman & Schole LLP acted as counsel to NANO Nuclear, and Lucosky Brookman LLP acted as counsel to the placement agent.
The securities sold in the private placement have not been registered under the Securities Act of 1933, as amended, or state securities laws and may not be offered or sold in the United States absent registration with the SEC or an applicable exemption from such 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.