TechMediaBreaks – NANO Nuclear Energy Inc. (NASDAQ: NNE) Announces $105 Million Private Placement to Fuel Reactor Development
NANO Nuclear Energy (NASDAQ: NNE), has entered into a definitive securities purchase agreement with institutional investors for a private placement totaling $105 million, involving the sale of 3,888,889 shares of common stock at $27.00 per share. The financing includes participation from several prominent institutions, including a leading long-only mutual fund and a global investment manager. Expected to close on or about May 28, the offering would raise NANO Nuclear’s cash position to over $200 million, which the company plans to use to advance its micro nuclear reactor programs, support related energy ventures, pursue acquisitions, and drive toward initial revenue. To…