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2 clusters · 16 sources · 3 days · First seen · Last updated

Newcleo Nasdaq listing and reactor development

Overview

Nuclear energy company Newcleo has debuted on the Nasdaq following a merger with the Special Purpose Acquisition Company (SPAC) NewHold Investment Corp. III. The business combination was approved by shareholders with approximately 93.4% in favor.

The listing is intended to fund the development of Newcleo’s liquid lead reactor (LFR) technology, which utilizes atmospheric pressure and high temperatures to mitigate explosion risks and may potentially use reprocessed nuclear waste as fuel. The company expects to test a 10 megawatt-hour demonstrator in Italy and aims to have its first commercial 30 MWe reactor operational in France by 2032.

The debut follows a period of expansion in the United States and coincides with legislative efforts in Italy, where the government is seeking approval for a nuclear energy delegation bill to establish the country’s first nuclear plant by 2035.

Entities

Newcleo · Nasdaq · Stefano Buono · NewHold Investment Corp. III · Meloni Government

Timeline

  1. [BUSINESS] 4 sources
    Newcleo debuts on Nasdaq to fund liquid lead reactor technology

    Nuclear tech firm Newcleo has debuted on the Nasdaq via a SPAC merger, raising gross proceeds of $247 million to develop liquid lead reactor technology amid Italian legislative moves toward nuclear energy.

  2. [BUSINESS] 13 sources
    Newcleo to debut on Nasdaq following SPAC merger

    Nuclear energy firm Newcleo is set to debut on the Nasdaq on September 22 following a merger with SPAC NewHold Investment Corp. III, with a pre-money valuation of approximately $2.4 billion.

Sources

affaritaliani.it · bebeez.it · businesspeople.it · cagliarilivemagazine.it · egnews.it · entilocali-online.it · ilsannioquotidiano.it · key4biz.it · notiziedi.it · quotidianodelsud.it · quotidianodifoggia.it · redazionenews.it · sardegnalive.net · solofinanza.it · teleborsa.it · trapanisi.it