NewHold Investment Corp III

NHIC

Market cap $302M

Industry veterans bring deep expertise in advanced reactor deployment, nuclear operations and regulatory licensing to support company's U.S. growth Industry veterans bring deep expertise in advanced reactor deployment, nuclear operations and regulatory licensing to support company's U.S. growth

Newcleo said on Wednesday it will go public in the U.S. through a blank-check deal ​that values the nuclear power startup at about $2.4 ‌billion on a pre-money basis.

Newcleo Ltd. (“newcleo” or the “Company”) is an established nuclear energy company developing advanced modular, lead-cooled fast reactors (LFRs) and mixed oxide (MOX) nuclear fuel from reprocessed nuclear materials.

The deal, which values the developer at about $2.4 billion, follows a wave of nuclear companies going public to serve AI's surging power needs.