QLE subsidiary raises $64.3M via convertible notes; Eric Trump, Donald Trump Jr. invest

ASP Isotopes Inc.

Initial closing of $64.3M aggregate principal amount of QLE convertible notes, led by American Ventures LLC.
ASPI also invested; Eric Trump and Donald Trump Jr. contributed capital.
Notes unsecured, convertible into QLE equity at 80% of future equity price or valuation cap; 5-year maturity.
Proceeds to build laser enrichment production facilities; prior 2024 convertible notes automatically converted.
Closing expected on/about Nov 10, 2025, subject to customary conditions.

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