Nuclear Energy Company Nuclear to List on Nasdaq with a Valuation of $2.4 Billion

BlockBeats News, May 28th, According to Reuters, nuclear power company Newcleo announced on Wednesday that it has reached an agreement with NewHold Investment Corp III to go public on the Nasdaq through a merger. The company was founded by Italian physicist Stefano Buono.

Newcleo is developing an advanced modular lead-cooled fast reactor and nuclear fuel made from reprocessed nuclear materials. Additionally, Newcleo will collaborate with Oklo Inc., backed by Sam Altman, to participate in a U.S. Department of Energy initiative to study how to use legacy plutonium materials from the Cold War era as nuclear reactor fuel.

In a statement, Newcleo said that the merger with NewHold Investment Corp III would bring the company to a valuation of $2.4 billion and is expected to raise up to $429 million in total funding. The transaction is anticipated to be completed in the second half of 2026.