Monitor the company's progress on its 10MWth non-nuclear demonstrator in Italy and regulatory interactions with U.S. and French nuclear safety regulators as key milestones for commercialization. The additional $75 million forward purchase agreement could provide further capital if exercised.
Price Chart
Executive Summary
newcleo plc completed its business combination with SPAC NewHold Investment Corp III, raising approximately $247 million in gross proceeds and will begin trading on Nasdaq under ticker 'NWCL' on September 22, 2026. The transaction valued newcleo at a pre-money equity value of approximately $2.4 billion and provides capital to advance its lead-cooled fast reactor and MOX nuclear fuel production towards commercialization.
Key Facts
- Business combination closed on September 21, 2026, with trading on Nasdaq starting September 22, 2026 under ticker 'NWCL'.
- Gross proceeds of approximately $247 million, comprising a $216 million PIPE and $31 million from NewHold's trust account.
- Pre-money equity value of approximately $2.4 billion.
- Up to an additional $75 million may become available under a forward purchase agreement.
- Existing newcleo shareholders rolled over 100% of their equity.
- Board chaired by Jeffrey Lyash, former President and CEO of Tennessee Valley Authority and Ontario Power Generation.
- Company has raised over $1 billion to-date, inclusive of this transaction.
Financial Impact
$247 million gross proceeds raised, with pre-money valuation of $2.4 billion; total funds raised to-date over $1 billion.
Risk Factors
- Nuclear reactor technology is unproven at commercial scale and faces significant regulatory hurdles.
- Forward purchase agreement for additional $75 million is contingent and may not materialize.
- No disclosed revenue or earnings; company is pre-commercialization with no operating history as a public company.
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0000950103-26-014361 |
| Document: dp253663_6k.htm | 0000950103-26-014361 |
| Document: 0000950103-26-014361-index-headers.html | 0000950103-26-014361 |
| Document: 0000950103-26-014361-index.html | 0000950103-26-014361 |
| Document: 0000950103-26-014361.txt | 0000950103-26-014361 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | EFFECT | $4.75 | awaiting T+5 | — | $4.26 (+10.32%) |
Oct 15, 2026 11d ago | SC 13G | $6.37 $4.25 | ▼ −33.36% | ▼ −32.34% | $4.26 (−33.12%) |
Oct 15, 2026 11d ago | SC 13G | $6.37 $4.25 | ▼ −33.36% | ▼ −32.34% | $4.26 (−33.12%) |
Oct 14, 2026 12d ago | 6-K | $6.37 $4.25 | ▼ −33.36% | ▼ −32.34% | $4.26 (−33.12%) |
Oct 6, 2026 20d ago | F-1 | $7.91 $6.31 | ▲ +20.23% | ▲ +19.25% | $4.26 (+46.14%) |
Oct 6, 2026 20d ago | 6-K | $7.91 $6.31 | ▼ −20.23% | ▼ −19.25% | $4.26 (−46.14%) |
Oct 5, 2026 21d ago | 6-K | $8.53 $7.37 | ▲ +13.60% | ▲ +14.02% | $4.26 (+50.06%) |
Oct 2, 2026 24d ago | Press Release | $7.99 $7.47 | ▼ −6.51% | ▼ −7.67% | $4.26 (−46.68%) |
Sep 25, 2026 4w ago | 6-K | $7.60 $8.53 | ▲ +12.24% | ▲ +11.03% | $4.26 (−43.95%) |
Sep 22, 2026 4w ago | 6-K | $7.83 $7.85 | ▲ +0.26% | ▲ +0.93% | $4.26 (−45.59%) |
US Market Status
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