Monitor the company's progress on regulatory interactions with U.S. and French nuclear safety regulators and the completion of its 10MWth non-nuclear demonstrator in Italy, as these are key milestones for commercialization. The $75M forward purchase agreement trigger conditions should be watched for additional capital infusion.
Price Chart
Executive Summary
Newcleo closed its business combination with SPAC NewHold Investment Corp III, receiving ~$247M in gross proceeds ($216M PIPE + $31M trust) to fund U.S./European growth and advance its lead-cooled fast reactor and MOX fuel commercialization. Shares begin trading on Nasdaq on September 22, 2026, at a pre-money valuation of ~$2.4B.
Key Financial Metrics
Key Facts
- Business combination with NewHold Investment Corp III closed; approved by shareholders on September 17, 2026.
- Gross proceeds of ~$247 million: $216 million oversubscribed PIPE plus $31 million from NewHold trust account.
- Pre-money equity valuation of ~$2.4 billion.
- Up to an additional $75 million available under a forward purchase agreement.
- Existing newcleo shareholders rolled over 100% of their equity.
- Shares and warrants to trade on Nasdaq under NWCL and NWCLW starting September 22, 2026.
- Board chaired by Jeffrey Lyash, former CEO of Tennessee Valley Authority and Ontario Power Generation.
- Company raised over $1 billion total to date, including ~$20M since the business combination announcement.
Financial Impact
$247 million gross proceeds at a $2.4 billion pre-money valuation, with potential additional $75 million from forward purchase agreement
Risk Factors
- Nuclear regulatory approval timelines and costs may exceed expectations.
- Forward purchase agreement ($75M) is contingent and may not materialize.
- Technology commercialization remains unproven at scale; demonstrator results are critical.
- Dilution from PIPE and potential future offerings could pressure common shares.
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3365874 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | EFFECT | $4.75 | awaiting T+5 | — | $4.27 (+10.11%) |
Oct 15, 2026 11d ago | SC 13G | $6.37 $4.25 | ▼ −33.36% | ▼ −32.34% | $4.27 (−32.97%) |
Oct 15, 2026 11d ago | SC 13G | $6.37 $4.25 | ▼ −33.36% | ▼ −32.34% | $4.27 (−32.97%) |
Oct 14, 2026 11d ago | 6-K | $6.37 $4.25 | ▼ −33.36% | ▼ −32.34% | $4.27 (−32.97%) |
Oct 6, 2026 19d ago | F-1 | $7.91 $6.31 | ▲ +20.23% | ▲ +19.25% | $4.27 (+46.02%) |
Oct 6, 2026 19d ago | 6-K | $7.91 $6.31 | ▼ −20.23% | ▼ −19.25% | $4.27 (−46.02%) |
Oct 5, 2026 21d ago | 6-K | $8.53 $7.37 | ▲ +13.60% | ▲ +14.02% | $4.27 (+49.94%) |
Oct 2, 2026 24d ago | Press Release | $7.99 $7.47 | ▼ −6.51% | ▼ −7.67% | $4.27 (−46.56%) |
Sep 25, 2026 4w ago | 6-K | $7.60 $8.53 | ▲ +12.24% | ▲ +11.03% | $4.27 (−43.82%) |
Sep 22, 2026 4w ago | 6-K | $7.83 $7.85 | ▲ +0.26% | ▲ +0.93% | $4.27 (−45.47%) |
US Market Status
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