Lucosky Brookman Represents Benchmark Company, LLC in Upsized $36 Million Public Offering
Congratulations to NANO Nuclear Energy Inc. (NASDAQ: NNE), a pioneering force in the advanced nuclear energy sector, in successfully closing an upsized $36 million firm commitment registered underwritten public offering, marking its third successful capital raise since going public in May 2024. This latest achievement brings the company's total capital raised to over $65 million within just six months as a public company.
The offering, which garnered strong support from both existing shareholders and new institutional investors, consisted of 2,117,646 shares of common stock and warrants to purchase 1,217,646 shares at $17.00 per share. The Benchmark Company, LLC served as the sole book-running representative for the offering, with legal counsel provided by Ellenoff Grossman & Schole LLP and Lucosky Brookman LLP.
"This oversubscribed financing round represents a significant milestone in NANO Nuclear's journey to revolutionize the U.S. advanced nuclear energy market," said Jay Yu, Founder and Chairman of NANO Nuclear Energy. "The tremendous support from our investors validates our vision and positions us to accelerate our growth as a leading, diversified, and vertically integrated nuclear energy company."
The net proceeds of approximately $32.6 million will fuel NANO Nuclear's ambitious development plans, including:
- Advanced research and development of its proprietary 'ZEUS' and 'ODIN' microreactors
- Nuclear fuel transportation design optimization
- Expansion of fuel facility investigations and development
- Enhancement of marketing and business development initiatives
- Construction of the new Nuclear Technology Headquarters in Oak Ridge, Tennessee
This successful financing underscores NANO Nuclear's position as the first publicly listed portable nuclear microreactor company in the United States. The company's comprehensive approach spans four strategic business lines: cutting-edge portable microreactor technology, nuclear fuel fabrication, nuclear fuel transportation, and nuclear industry consulting services.
Lucosky Brookman LLP served as counsel to Benchmark Company, who acted as the sole book-running representative for the offering. Ellenoff Grossman & Schole LLP acted as counsel to NANO Nuclear.
This latest achievement reinforces NANO Nuclear's commitment to advancing clean energy solutions and positions the company for continued growth in the evolving nuclear energy landscape. With this significant capital injection, NANO Nuclear is well-equipped to pursue its mission of developing innovative, portable clean nuclear energy solutions for the future.