Summary by Moomoo AI
NANO Nuclear Energy Inc. announced the successful closing of its follow-on public offering, including the full exercise of the underwriter's over-allotment option. The company raised approximately $20.7M in gross proceeds, with net proceeds of about $18.58M. The offering included an additional 135,000 shares of common stock at $20 per share, sold on July 18, 2024.The Benchmark Company, LLC acted as the sole book-running representative for the offering. NANO Nuclear, listed on NASDAQ under the symbol NNE, is developing portable microreactor and advanced nuclear technology solutions. The company aims to become a vertically integrated player in the nuclear energy sector, focusing on microreactor technology, nuclear fuel fabrication, transportation, and industry consulting services.Jay Yu, Founder and Chairman of NANO Nuclear, expressed gratitude to investors and highlighted the company's role in the revitalization of America's nuclear energy industry. The funds raised are expected to support NANO Nuclear's ongoing development of clean energy solutions and expansion plans in the advanced nuclear technology sector.