Shares of NANO Nuclear Energy (NASDAQ:NNE) surged 14% after the company announced the acquisition of Secured Transportation Services LLC, a specialist provider of nuclear logistics and transportation services.
Acquisition expands nuclear transportation capabilities
The deal adds Secured Transportation Services, a company with more than two decades of experience in transporting nuclear materials, to NANO Nuclear’s growing operations.
The acquisition is intended to strengthen the company’s capabilities in planning, coordinating and carrying out nuclear material transportation, which NANO Nuclear described as a critical infrastructure requirement for the deployment of advanced nuclear reactors.
Secured Transportation Services currently holds approvals covering more than 90% of active U.S. Nuclear Regulatory Commission-approved spent fuel transportation routes across the United States and has completed projects in over 40 countries.
Transaction adds revenue-generating business to NANO Nuclear
The acquisition also brings an established revenue-producing operation into NANO Nuclear’s portfolio.
For the 12 months ended December 31, 2025, Secured Transportation Services generated audited revenue of approximately $7.1 million and net income of around $1.3 million.
Deal valued at up to $13 million
NANO Nuclear’s transportation subsidiary, Advanced Fuel Transportation Inc., completed the acquisition for total consideration valued at up to $13 million.
The agreement includes $6 million in cash paid at closing, subject to adjustments, alongside $7 million in restricted NANO Nuclear common shares issued in installments. Part of the stock-based consideration remains subject to contractual conditions.
Existing management team to remain in place
Roy Boyd, founder and president of Secured Transportation Services, will continue leading the business following the transaction.
The company’s workforce includes specialists in nuclear engineering, logistics, regulatory compliance and operational management.
Acquisition supports vertically integrated nuclear strategy
NANO Nuclear said the acquisition aligns with its broader strategy of building a vertically integrated nuclear energy platform.
The company is seeking to establish operations spanning reactor development, fuel sourcing and processing, fuel transportation, reactor deployment and long-term operational support.