other_material
confidence high
sentiment neutral
materiality 0.85
Deep Fission completes reverse merger with Surfside, raises $30M for nuclear reactors
DEEP FISSION, INC.
- Merger closed Sept 5, 2025; Deep Fission becomes public via reverse merger with Surfside Acquisition.
- Raised $30M ($3/share) in private placement; net ~$26M for R&D, working capital, and pilot reactor.
- New leadership: Elizabeth Muller (CEO), Richard Muller (CTO), William 'Mark' Schmitz (CFO).
- 50.8M shares outstanding post-merger; Legacy Deep Fission holders get 38.5M shares.
- Company developing 15 MWe underground pressurized water nuclear reactors in boreholes one mile deep.
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