Deep Isolation Nuclear, Inc. (DBHL): M&A transaction — Deep Isolation completes reverse merger with Aspen-1; raises $33M in private placement

Deep Isolation Nuclear, Inc.

Merger with Aspen-1 Acquisition Inc. creates Deep Isolation Nuclear, Inc.; all Deep Isolation equity converts at ratio of 25.837283 per share.
Concurrent private placement of 11,012,387 shares at $3.00/share, raising approximately $33M in gross proceeds.
Board expanded to five members: Elizabeth Muller, Rod Baltzer, Jonathon Angell, Kent Cole, Leslie Tepper, with staggered terms.
Shell company status ceased; historical financials will be replaced with Deep Isolation's going forward.

item 2.01 item 5.03 item 3.02 item 5.02 item 1.01 item 3.03 item 4.01 item 5.01 item 5.06 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Deep Isolation Nuclear, Inc.: Company ceased being a shell company due to reverse merger with Deep Isolation.

Change: shell status

Exact text from the filing

As a result of the Merger, the Company has acquired the business of Deep Isolation and will continue the existing business operations of Deep Isolation as a public reporting company under the name Deep Isolation Nuclear, Inc.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Deep Isolation Nuclear, Inc. completed an acquisition involving Deep Isolation Inc. (closed 2025-07-23).

Action: acquisition
Counterparty: Deep Isolation Inc.
Closing: 2025-07-23

Exact text from the filing

On July 23, 2025 we completed the Merger, as a result of which Acquisition Sub was merged with and into Deep Isolation, with Deep Isolation continuing as the surviving corporation of the Merger and becoming our wholly owned subsidiary.

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Deep Isolation Nuclear, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-068196

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