NorthStrive SPAC to merge with Nuclea Energy at $350M valuation; Moltex deal due Nov 30

NorthStrive Acquisition Corp I.

NorthStrive Acquisition Corp I signed a BCA on Oct 30, 2026 to combine with Nuclea Energy Inc.; post-closing name will be Nuclea-X Inc. after Cayman-to-Canada continuance.
Total share consideration is based on a US$350.0M valuation, subject to debt/cash adjustments and a 500,000-share advisory fee; SPAC must have at least $3.0M available cash.
Sellers get up to 5M Class A, 5M Class B and 5M Class C earnout shares tied to reactor criticality, a construction license and $100M in government/non-dilutive funding.
Closing requires completion of the Moltex Acquisition by Nov 30, 2026, including UK NSI Act clearance/export licenses; outside closing date is April 30, 2027.
All SPAC officers and directors resign at the Amalgamation Effective Time and are replaced by Company nominees; SPAC units separate into shares, warrants and rights.

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