Mentioned:
There’s officially a new nuclear fuel developer on the New York Stock Exchange.
What’s happening:
- Standard Nuclear (NYSE: STDN) has successfully raised $150M USD in their IPO financing round and begun trading on the New York Stock Exchange
By the numbers:
- Standard Nuclear issued 10M common shares at a price of $15.00 USD per share as part of their IPO financing round
Why it matters:
- Standard Nuclear is widely considered to be the only independent and reactor-agnostic TRISO nuclear fuel developer that is operating in the United States of America
Going deeper:
- Standard Nuclear’s advanced TRISO nuclear fuel is engineered with multiple ceramic layers around each uranium particle which allows it to hold up under extreme heat without melting down and is purpose built for both small modular reactors and microreactors
- Chevron Technology Ventures, a16z, Decisive Point and Washington Harbour Partners were all early investors in Standard Nuclear
