Holtec Nuclear files for initial public offering of Class A common stock
Holtec Nuclear Corporation filed a Form S-1 registration statement with the SEC for an IPO of Class A common stock, planning to list on Nasdaq under 'HNUC'. The share count and price range are undetermined. Major banks including J.P. Morgan and Goldman Sachs are leading the offering.
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Holtec Nuclear Corporation has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The company intends to list its shares on The Nasdaq Stock Market and Nasdaq Texas under the symbol "HNUC." The number of shares to be offered and the price range for the proposed offering have not yet been determined, and the completion of the offering is subject to market and other conditions.
The proposed offering will be made only by means of a prospectus. A registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy.
Underwriting Syndicate
J.P. Morgan, Guggenheim Securities, Goldman Sachs & Co. LLC, Citigroup, and BofA Securities are acting as joint lead book-running managers for the proposed offering. Morgan Stanley, Cantor, BMO Capital Markets, and Oppenheimer & Co. are acting as joint book-running managers.
| Role | Underwriters |
|---|---|
| Joint Lead Book-Running Managers | J.P. Morgan, Guggenheim Securities, Goldman Sachs & Co. LLC, Citigroup, BofA Securities |
| Joint Book-Running Managers | Morgan Stanley, Cantor, BMO Capital Markets, Oppenheimer & Co. |
About Holtec Nuclear Corporation
Holtec is a U.S.-headquartered, multinational technology company focused on clean energy, with its principal business centered on nuclear power generation. The company is the owner and developer of the SMR-300 advanced small modular reactor featuring passive safety systems. Holtec currently expects the first two units to be deployed at the Company-owned Palisades site in Michigan. The company is also refurbishing the Palisades nuclear power plant, which would be the first commercial nuclear reactor in the United States to be repowered after permanent shutdown. Holtec is the NRC-authorized Operator for the Palisades plant.
The company’s business profile includes ownership of nearly 220 granted patents, a substantial portfolio of proprietary technologies and trade secrets, and three large U.S.-based manufacturing facilities for nuclear fabrication. Holtec has provided products and services to a client base of more than 150 nuclear reactors worldwide. Its technical capabilities include reactor design, reactor operations, engineering, licensing, manufacturing, construction, commissioning, and decommissioning services. The company is also expanding its activities in solar energy and long-duration energy storage technologies.
How will the IPO proceeds be allocated between the SMR-300 development and the Palisades plant refurbishment?
What is the projected timeline for securing NRC approval and deploying the first SMR-300 units at the Palisades site?
How does Holtec plan to scale its manufacturing capacity to meet potential demand for small modular reactors post-IPO?
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