Nano Nuclear Energy closes $10.25M IPO; shares trading on Nasdaq under 'NNE'

Nano Nuclear Energy Inc.

Sold 2,562,500 shares at $4.00 per share, gross proceeds $10.25M, net ~$9M.
Common stock began trading on Nasdaq Capital Market on May 8, 2024 under ticker 'NNE'.
First U.S. publicly listed company focused on portable nuclear microreactors (ZEUS, ODIN).
Proceeds to fund microreactor R&D, HALEU fuel transport license, and fuel fabrication pipeline.
Underwriter's warrant for 179,375 shares at $5.00, exercisable starting Dec 2024, 5-year term.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Nano Nuclear Energy Inc. entered into Underwriting Agreement with The Benchmark Company, LLC valued at $4.00 per share (effective 2024-05-07).

Action: entry
Agreement: underwriting
Counterparty: The Benchmark Company, LLC
Value: $4.00 per share
Effective: 2024-05-07

Exact text from the filing

On May 7, 2024, Nano Nuclear Energy Inc., a Nevada corporation, (the “ Company ”), entered into an underwriting agreement (the “ Underwriting Agreement ”) with The Benchmark Company, LLC, acting as the sole book-running manager (“ Benchmark ”) of the Company’s firm commitment underwritten initial public offering (the “ Offering ”).

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290 material agreements filed in the last 30 days. Browse all material agreements →

Nano Nuclear Energy Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-018971

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