Nano Nuclear Energy prices 3.89M shares at $27.00 in private placement

NANO Nuclear Energy (NNE) entered into a definitive securities purchase agreement with institutional investors for the purchase and sale of 3,888,889 shares of common stock in a private placement at a purchase price of $27.00 per share, for total gross proceeds of $105M. Participants in the private placement include several fundamental institutional investors, including a leading long-only mutual fund and a preeminent global investment manager. The closing of the offering is expected to occur on or about May 28, 2025, subject to the satisfaction of customary closing conditions. With the anticipated net proceeds from the private placement, NANO Nuclear would have over $200M in cash on hand, which it expects to use to more readily advance its cutting-edge micro nuclear reactors and auxiliary nuclear energy-related businesses, as well as to seek complimentary acquisitions and drive growth towards initial revenue generation. Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.