Newcleo to Go Public via Merger with NewHold Investment Corp III
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: Newsfilter
- Merger Announcement: Nuclear energy company Newcleo has entered into a merger agreement with NewHold Investment Corp III, valuing the company at $2.4 billion and expected to provide up to $429 million in gross proceeds, reflecting strong market confidence in the future of nuclear energy.
- Technological Collaboration: Newcleo will partner with Oklo Inc. to utilize surplus plutonium from the Cold War era as nuclear reactor fuel, showcasing its expertise in the fuel cycle and potentially advancing nuclear energy applications in data centers and artificial intelligence.
- Funding Achievement: Since its founding in 2021, Newcleo has raised approximately $780 million from private investors, including the Agnelli family's Exor Seeds venture capital fund, indicating broad investor recognition of its business model and technology.
- Growing Market Demand: In the United States, nuclear energy is viewed as a promising solution to meet the increasing power demands of data centers and artificial intelligence, and Newcleo's public listing is expected to enhance its competitiveness in this rapidly evolving market.
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Analyst Views on NHIC
About NHIC
NewHold Investment Corp III is a blank check company. The Company is focused on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company doesn't have any operations. The Company has no revenues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Newcleo to Go Public via Merger with NewHold Investment Corp III
- Merger Announcement: Nuclear energy company Newcleo has entered into a merger agreement with NewHold Investment Corp III, valuing the company at $2.4 billion and expected to provide up to $429 million in gross proceeds, reflecting strong market confidence in the future of nuclear energy.
- Technological Collaboration: Newcleo will partner with Oklo Inc. to utilize surplus plutonium from the Cold War era as nuclear reactor fuel, showcasing its expertise in the fuel cycle and potentially advancing nuclear energy applications in data centers and artificial intelligence.
- Funding Achievement: Since its founding in 2021, Newcleo has raised approximately $780 million from private investors, including the Agnelli family's Exor Seeds venture capital fund, indicating broad investor recognition of its business model and technology.
- Growing Market Demand: In the United States, nuclear energy is viewed as a promising solution to meet the increasing power demands of data centers and artificial intelligence, and Newcleo's public listing is expected to enhance its competitiveness in this rapidly evolving market.
See More
Newcleo to Go Public via Merger with NewHold Investment Corp III
- Merger Announcement: Nuclear energy company Newcleo has entered into a merger agreement with NewHold Investment Corp III, valuing the company at $2.4 billion and expected to provide up to $429 million in gross proceeds, reflecting strong market confidence in the future of nuclear energy.
- Technological Collaboration: Newcleo will partner with Oklo Inc. to utilize surplus plutonium from the Cold War era as nuclear reactor fuel, showcasing its expertise in the fuel cycle and potentially advancing nuclear energy applications in data centers and artificial intelligence.
- Funding Achievement: Since its founding in 2021, Newcleo has raised approximately $780 million from private investors, including the Agnelli family's Exor Seeds venture capital fund, indicating broad investor recognition of its business model and technology.
- Growing Market Demand: In the United States, nuclear energy is viewed as a promising solution to meet the increasing power demands of data centers and artificial intelligence, and Newcleo's public listing is expected to enhance its competitiveness in this rapidly evolving market.
See More
