Mentioned:
NWCL OKLO -0.68%

There’s a new small modular reactor company on the Nasdaq. And they’re aiming to run their reactors on recycled nuclear waste.

What’s happening:

  • newcleo (NASDAQ: NWCL) has successfully closed their business combination with NewHold Investment Corp III and begun trading on the Nasdaq

Why it matters:

  • newcleo is advancing a lead-cooled fast small modular reactor which is capable of running on mixed uranium-plutonium oxide fuel made from recycled nuclear waste

Going deeper:

  • newcleo raised roughly $247M USD as part of their SPAC transaction with NewHold Investment Corp III
  • Italian asset management company Kairos and heavy industrial components company Walter Tosto are both strategic investors in newcleo
  • Oklo (NYSE: OKLO) and newcleo previously struck a partnership focused on developing advanced nuclear fuel fabrication and manufacturing infrastructure in the United States