Nano Nuclear Energy announces $400M private placement of common stock

NANO Nuclear Energy (NNE) “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(TM) 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.”