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Newcleo to List on Nasdaq in 2.4 Billion Dollar Deal

Nuclear energy startup Newcleo has agreed to merge with NewHold Investment Corp III to list on the Nasdaq exchange. The deal values the company at 2.4 billion dollars and will support the development of advanced modular reactors and nuclear fuel recycling programs in Europe and the United States.

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Newcleo will list on the Nasdaq via a merger with NewHold Investment Corp III, valuing the nuclear energy startup at $2.4 billion. The firm, founded by Stefano Buono, has raised $780 million from private investors since its 2021 launch in Italy. This capital injection supports the deployment of modular reactors to meet rising electricity demand from artificial intelligence and data centers.

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