NANO NUCLEAR ENERGY ANNOUNCES FIRM COMMITMENT PUBLIC OFFERING

On October 25, 2024, Nano Nuclear Energy Inc. (NASDAQ:NNE) disclosed a recent significant event in a report filed with the U.S. Securities and Exchange Commission. This event pertains to the firm commitment public offering the company engaged in on October 23, 2024.

Nano Nuclear Energy Inc., a Nevada corporation, finalized an underwriting agreement with The Benchmark Company, LLC, acting as the sole book-running manager in the underwritten public offering. The offering involved the sale of 2,117,646 Units, with each unit comprising one share of common stock and a 2024 B Common Stock purchase warrant.

The offering was conducted at a public offering price of $17.00 per Unit, resulting in gross proceeds of around $36 million. After deducting underwriting discounts and offering expenses, the net proceeds generated were approximately $32.6 million. The company granted the underwriter an Over-Allotment Option, partially exercised on October 23, 2024, with the potential to purchase an additional 317,646 shares of common stock and/or Warrants within 30 days.

In connection with this offering, Nano Nuclear Energy entered into agreements with VStock Transfer, LLC, and The Benchmark Company, LLC, governing the terms of warrants and the underwriting agreement, respectively. The company also issued an Underwriter’s Warrant to The Benchmark Company, LLC, allowing them to purchase up to 105,882 shares of common stock at a specific exercise price.

These transactions were carried out under a Registration Statement on Form S-1 and a Registration Statement filed with the Securities and Exchange Commission. The final prospectus related to the offering was filed on October 24, 2024.

Detailed agreements regarding the underwriting, warrant agent, and underwriter’s warrant have been filed as exhibits accompanying the report to the SEC, providing an in-depth view of the terms and conditions of these agreements.

## Financial Statements and Exhibits
Among the exhibits filed with the report are:
1. Underwriting Agreement, dated October 23, 2024
2. 2024 B Warrant Agent Agreement, dated October 23, 2024
3. Underwriter’s Warrant, dated October 25, 2024
4. Cover Page Interactive Data File (embedded within the Inline XBRL document)

This report outlines the essential details of Nano Nuclear Energy’s recent public offering and associated agreements, shedding light on the company’s financial activities.

The information provided is based on the official SEC filing by Nano Nuclear Energy, and any queries should be directed to the company representatives.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Nano Nuclear Energy’s 8K filing here.

About Nano Nuclear Energy

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.