Latest news with #NANONuclearEnergy
Yahoo
30-05-2025
- Business
- Yahoo
NANO Nuclear closes $105m in common stock private placement
US-based nuclear energy and technology company NANO Nuclear Energy has completed its previously announced private placement of 3.8 million shares of common stock at $27 per share for raising gross proceeds of approximately $105m. The net proceeds expected for NANO Nuclear are around $99m, after deducting offering expenses. The infusion of capital raises NANO Nuclear's cash position above $210m. These funds will enable the company to accelerate the development of its micro-nuclear reactors. The company also plans to expand its nuclear energy-related businesses, pursue strategic acquisitions and propel its growth trajectory towards generating its initial revenue. Primary investors in the private placement included institutional entities, including a globally recognised investment manager and a mutual fund focused on long-term investments. NANO Nuclear Energy Founder and Chairman Jay Yu stated: 'This achievement was made possible through the participation of well-known, long-term fundamental institutional investors who understand not only the nuclear energy renaissance we are participating in, but the specific potential for NANO Nuclear's technologies and business plans. 'We expect this capital will accelerate our near and longer-term valuation catalysts, particularly given the high technology readiness level of our KRONOS MMR microreactor (being developed in conjunction with University of Illinois Urbana-Champaign) and our planned commencement of geological site characterisation activities, including subsurface drilling investigations, for this reactor, which would be first research microreactor built on campus grounds in the US by an advanced reactor company. These activities will lead to the submission of our KRONOS MMR construction permit applications to the Nuclear Regulatory Commission thereafter.' Titan Partners Group, a division of American Capital Partners, served as the exclusive placement agent for the transaction. Legal counsel was provided by Ellenoff Grossman & Schole for NANO Nuclear, and Lucosky Brookman for the placement agent. NANO Nuclear has committed to filing a registration statement with the US Securities and Exchange Commission by 10 June 2025 for the resale of the shares issued in the private placement. "NANO Nuclear closes $105m in common stock private placement" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
17-04-2025
- Business
- Yahoo
Individual investors are NANO Nuclear Energy Inc.'s (NASDAQ:NNE) biggest owners and were hit after market cap dropped US$156m
Significant control over NANO Nuclear Energy by individual investors implies that the general public has more power to influence management and governance-related decisions 50% of the business is held by the top 15 shareholders Institutions own 21% of NANO Nuclear Energy Our free stock report includes 4 warning signs investors should be aware of before investing in NANO Nuclear Energy. Read for free now. A look at the shareholders of NANO Nuclear Energy Inc. (NASDAQ:NNE) can tell us which group is most powerful. The group holding the most number of shares in the company, around 44% to be precise, is individual investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). And last week, individual investors endured the biggest losses as the stock fell by 17%. In the chart below, we zoom in on the different ownership groups of NANO Nuclear Energy. View our latest analysis for NANO Nuclear Energy Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. As you can see, institutional investors have a fair amount of stake in NANO Nuclear Energy. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at NANO Nuclear Energy's earnings history below. Of course, the future is what really matters. NANO Nuclear Energy is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is I Financial Ventures Group Llc with 27% of shares outstanding. For context, the second largest shareholder holds about 5.4% of the shares outstanding, followed by an ownership of 2.4% by the third-largest shareholder. Furthermore, CEO James Walker is the owner of 0.8% of the company's shares. A closer look at our ownership figures suggests that the top 15 shareholders have a combined ownership of 50% implying that no single shareholder has a majority. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. Our most recent data indicates that insiders own some shares in NANO Nuclear Energy Inc.. In their own names, insiders own US$66m worth of stock in the US$821m company. This shows at least some alignment. You can click here to see if those insiders have been buying or selling. The general public, who are usually individual investors, hold a 44% stake in NANO Nuclear Energy. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Private equity firms hold a 27% stake in NANO Nuclear Energy. This suggests they can be influential in key policy decisions. Some might like this, because private equity are sometimes activists who hold management accountable. But other times, private equity is selling out, having taking the company public. It's always worth thinking about the different groups who own shares in a company. But to understand NANO Nuclear Energy better, we need to consider many other factors. Like risks, for instance. Every company has them, and we've spotted 4 warning signs for NANO Nuclear Energy (of which 3 can't be ignored!) you should know about. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Associated Press
28-02-2025
- Business
- Associated Press
NANO Nuclear Energy Announces Active Corporate Role for Veteran Investment & Merchant Banker Darlene T. DeRemer as its Executive Director of Corporate Finance
New York, N.Y., Feb. 28, 2025 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ: NNE) ('NANO Nuclear' or 'the Company'), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that Darlene T. DeRemer, previously Chairwoman of NANO Nuclear's Executive Advisory Board for Institutional Finance, has now transitioned to a new, active corporate role with NANO Nuclear as its Executive Director of Corporate Finance. In her new role, Ms. DeRemer will assist NANO Nuclear's executive management as a consultant in the continuing development and execution of the Company's financing strategies and its corporate processes and procedures, all with a view towards supporting NANO Nuclear's long-term growth. This appointment follows a similar, previously announced, leadership transition for the Hon. John G. Vonglis, who now serves as NANO Nuclear's Executive Director of Global Government Affairs after having served on the Company Executive Advisory Board. These appointments highlight the confidence of leading professionals in NANO Nuclear's mission and potential. Since its inception, NANO Nuclear has attracted highly qualified and proven leaders in finance, regulation, and science. Ms. DeRemer's appointment adds to a growing roster of exemplary professionals dedicated to NANO Nuclear's emerging status at the forefront of the advanced nuclear energy technology industry. 'Working alongside Jay and James on NANO Nuclear's Executive Advisory Board confirmed my confidence in NANO Nuclear's mission and leadership, and I'm thrilled to step into a more active role where I can contribute to NANO Nuclear's continued success,' said Darlene T. DeRemer, Executive Director of Corporate Finance of NANO Nuclear Energy. 'I believe that the future of the nuclear energy industry and NANO Nuclear's mission are closely aligned, given the innovative potential of our technologies to provide reliable, robust, and secure power to data centers, remote communities, mining projects, military installations, and beyond.' Figure 1 - NANO Nuclear Energy Executive Advisory Board Member Darlene T. DeRemer Transitions to Active Role within the Company as its Executive Director of Corporate Finance. Darlene DeRemer is the Chair of the ARK Invest ETF Trust Board and co-founder of Grail Partners LLC, a merchant banking firm where she leads the firm's Boston office. As a senior banker, she focuses on the global asset management industry, advising clients on a wide range of strategic transactions. With over 25 years of experience as a leading adviser in the financial services industry, Ms. DeRemer specialized in strategic marketing, product design, and the implementation of innovative service strategies. Before transitioning into investment banking, Ms. DeRemer led or participated in numerous advisory transactions. Her current clients include institutional and mutual fund managers in the U.S., as well as alternative investment firms seeking to access public markets both domestically and internationally. Previously, Ms. DeRemer ran NewRiver's eBusiness Advisory unit for four years and operated her own strategy firm, DeRemer + Associates, for 18 years. Founded in 1987, DeRemer + Associates was the first consultancy focused on the U.S. mutual fund industry. Darlene holds a B.S. in finance and marketing (summa cum laude, 1977) and an MBA with distinction (1979) from Syracuse University. 'I'm pleased to welcome Darlene to her new role at NANO Nuclear and thank her for her contributions as Chairwoman of our Executive Advisory Board for Institutional Finance,' said Jay Yu, Founder and Chairman of NANO Nuclear Energy. 'Her extensive background in guiding growing companies will be hugely beneficial as we expand and strengthen our operations in both the near and long term. I look forward to working with Darlene to ensure that NANO Nuclear has the financial capabilities to achieve our ambitious goals and as we seek to establish ourself as leader in the advanced nuclear energy industry.' 'Darlene's decision to move into a more active role with our company underscores both the great promise of our ambitions and our track record of achievements to date,' said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. 'Her leadership abilities and finely honed expertise will be tremendous assets as we continue to expand. In particular, her extensive network and talent for navigating complex financial landscapes will be vital as NANO Nuclear looks to capitalize on the growing momentum in the nuclear energy industry.' About NANO Nuclear Energy, Inc. NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S. Led by a world-class nuclear engineering team, NANO Nuclear's reactor products in development include 'ZEUS', a solid core battery reactor, and 'ODIN', a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. NANO Nuclear is also developing patented stationary KRONOS MMR™ Energy System and space focused, portable LOKI MMR™. Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America. HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear's own microreactors as well as the broader advanced nuclear reactor industry. NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear's developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface. Business Tel: (212) 634-9206 PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE: NANO Nuclear Energy LINKEDIN NANO Nuclear Energy YOUTUBE NANO Nuclear Energy X PLATFORM Cautionary Note Regarding Forward Looking Statements This news release and statements of NANO Nuclear's management in connection with this news release contain or may contain 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as 'expects', 'anticipates', 'intends', 'plans', 'believes', 'potential', 'will', 'should', 'could', 'would' or 'may' and other words of similar meaning. In this press release, forward-looking statements include those regarding the anticipated benefits of Ms. DeRemer's association with the Company as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management's current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy ('DOE') or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at and at Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law. Attachment
