newcleo Completes SPAC Business Combination and Nasdaq Listing
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newcleo Completes Business Combination and Begins Trading on Nasdaq
Paris, France, and New York, NY, September 21, 2026 - newcleo plc, a pioneer in advanced modular reactor technology and nuclear fuel manufacturing, announced the completion of its business combination with NewHold Investment Corp III, a publicly listed special purpose acquisition company. The transaction establishes a strong capital foundation for newcleo as a public company, providing approximately $247 million in gross proceeds.
The combined company's ordinary shares and warrants will begin trading on the Nasdaq Global Select Market under the ticker symbols NWCL and NWCLW, respectively, on September 22, 2026. The transaction was valued at a pre-money equity value of approximately $2.4 billion, supported by an oversubscribed $216 million PIPE and $31 million from NewHold's trust account.
Transaction Highlights
- Completed business combination with NewHold Investment Corp III on September 21, 2026.
- Raised $247 million in gross proceeds, including a $216 million PIPE and $31 million from trust.
- Ordinary shares and warrants trade on Nasdaq under tickers NWCL and NWCLW starting September 22, 2026.
- Pre-money equity value of approximately $2.4 billion.
The additional capital will be deployed to support global growth, complete and operate a 10MWth non-nuclear demonstrator in Italy, advance regulatory interactions with U.S. and French nuclear safety regulators, and pursue commercial opportunities for advanced reactors and fuel manufacturing facilities.
