Shares of NANO Nuclear Energy Inc. (NASDAQ:NNE) fell 9% on Wednesday after the advanced nuclear technology firm announced a $400 million private placement of its common stock.
The company said it has entered into securities purchase agreements with institutional investors for 8,490,767 shares in an oversubscribed offering priced at market value under Nasdaq rules. The transaction is expected to close around October 10, 2025, pending customary closing conditions.
NANO Nuclear said it plans to use the funds to advance the development, construction, and regulatory licensing of its flagship KRONOS MMR Energy System, a micro modular reactor project. Proceeds will also be allocated toward other microreactor programs, nuclear energy initiatives, potential strategic acquisitions, and general corporate purposes.
Titan Partners Group, a division of American Capital Partners, is acting as the sole placement agent for the offering.
NANO Nuclear Energy stock price
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