Nano Nuclear Energy Inc. (NNE): M&A transaction — Nano Nuclear closes $8.5M acquisition of USNC's MMR and Pylon reactor technologies

Nano Nuclear Energy Inc.

Total purchase price $8.5M cash; $250K escrowed pending Canadian governmental approvals.
Acquired 38 issued/pending/published patents (6 U.S. utility issued, 4 pending; 3 Canadian issued, 4 pending) plus trademarks.
Assets include MMR Energy System (up to 45 MWth) and Pylon transportable reactor (1-5 MWth); complement existing ZEUS and ODIN microreactors.
MMR demo collaboration at University of Illinois; Pylon demo at Idaho National Laboratory DOME facility targeted for 2027.
Chairman Yu's entities hold Canadian assets under option; Nano Nuclear can buy back for nominal consideration within 5 years after Canadian consents.

Key facts

Extracted from this filing and checked against the source text.

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

Nano Nuclear Energy Inc. completed an acquisition involving Ultra Safe Nuclear Corporation, Ultra Safe Nuclear Corporation – Technologies, USNC Holdings, LLC, Global First Power Limited, and USNC-Power, Ltd. for $8,500,000 in cash (closed 2025-01-10).

Action: acquisition
Counterparty: Ultra Safe Nuclear Corporation, Ultra Safe Nuclear Corporation – Technologies, USNC Holdings, LLC, Global First Power Limited, and USNC-Power, Ltd.
Consideration: $8,500,000 in cash
Closing: 2025-01-10

Exact text from the filing

assumed (collectively, the “ Liabilities ” and such acquisition of the Assets and assumption of the Liabilities together, the “ Transaction ”) for a total purchase price of $8,500,000 in cash (the “ Purchase Price ”). The closing of the Transaction (the “ Closing ”) occurred on January 10, 2025. The Assets acquired by the Company at the Closing more

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Nano Nuclear Energy Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-002028

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