Newcleo to Go Public in $2.4B SPAC Merger with NewHold

Nuclear Power
Nuclear Power
Definitive Agreement
Definitive Agreement

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Newcleo to Go Public via $2.4 Billion Business Combination with NewHold Investment Corp III

Paris, France, and New York, NY, USA. Newcleo Ltd., a developer of advanced modular reactors, has announced a definitive agreement to become a public company through a business combination with NewHold Investment Corp III (Nasdaq: NHIC). The transaction values Newcleo at an estimated pre-money equity value of approximately $2.4 billion.

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About newcleo

newcleo is an innovative nuclear energy company developing AMRs cooled by liquid lead, and nuclear fuel from recycled nuclear waste, with the goal of delivering abundant, competitive, low-carbon energy. The Company was founded by physicist-entrepreneur Stefano Buono following the USD 3.9 billion sale of his previous venture – Nasdaq-listed nuclear medicine company Advanced Accelerator Applications – to Novartis. With over $80 million in revenue, other income, and financial income in 2024 including from its operating companies, approximately $780 million in private funding, and more than 900 highly skilled employees across Europe and the 6 United States, the Company has built a network of over 100 industry partnerships and supports its growth through the targeted acquisition and vertical integration of key companies in the nuclear supply chain. Visit www.newcleo.com.

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