NewHold Investment Corp III to merge with nuclear reactor developer newcleo in deal valuing company at $2.4 billion
PUBT · 2d ago
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- Newcleo agreed to merge with NewHold Investment Corp III, taking the advanced nuclear reactor and fuel developer public on Nasdaq as NWCL.
- Deal values Newcleo at about USD 2.4 billion pre-money equity; expected gross proceeds up to USD 429 million from a USD 220 million PIPE and up to USD 209 million trust cash.
- PIPE priced at USD 10 per share, issuing 22 million ordinary shares; existing Newcleo shareholders to roll over 100% of equity.
- Closing targeted for the second half of 2026, subject to shareholder approval and other customary conditions.
- Newcleo reported about USD 80 million in 2024 revenue, other income and financial income; it has raised about USD 780 million since 2021.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newhold Investment Corp. III published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605270700PRIMZONEFULLFEED9727154) on May 27, 2026, and is solely responsible for the information contained therein.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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