Nuclear Energy Company Newcleo to Go Public on Nasdaq with a Valuation of $2.4 Billion

BlockBeats News, May 28: According to a Reuters report, nuclear energy company Newcleo announced on Wednesday that it has reached an agreement with NewHold Investment Corp III to go public on Nasdaq through a merger. The company was founded by Italian physicist Stefano Buono. Newcleo is developing advanced modular lead-cooled fast reactors and nuclear fuel made from reprocessed nuclear materials. Additionally, Newcleo will collaborate with Oklo Inc., a company backed by Sam Altman, to participate in a program initiated by the U.S. Department of Energy to explore the use of plutonium materials left over from the U.S. Cold War era as nuclear reactor fuel. In a statement, Newcleo said the merger with NewHold Investment Corp III would value the company at $2.4 billion and is expected to generate up to $429 million in total financing proceeds. The transaction is anticipated to be completed in the second half of 2026. [Original Link]