Standard Nuclear, Inc., a reactor-agnostic producer of TRISO nuclear fuel, has launched the roadshow for its proposed initial public offering of 18,250,000 shares of Class A common stock. The offering price is expected to be between $18.00 and $21.00 per share. The company intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol STDN. The offering is contingent upon market conditions, and there is no assurance regarding the completion, size, or timing of the transaction.

Standard Nuclear has granted underwriters a 30-day option to purchase up to an additional 2,737,500 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. A registration statement on Form S-1 has been filed with the SEC but has not yet been declared effective. The securities may not be sold or offers to buy accepted prior to the registration statement becoming effective.

BofA Securities and Goldman Sachs & Co. LLC are serving as joint lead bookrunning managers for the proposed offering. Barclays, UBS Investment Bank, Evercore ISI, RBC Capital Markets, William Blair, and Stifel are acting as additional bookrunning managers.

Offering Details

Standard Nuclear focuses on the large-scale production of advanced nuclear fuel and radioisotope power systems. The company is the nation’s only independent manufacturer of TRISO fuel, which is essential to advanced nuclear reactors for terrestrial, national security, and space applications.

Standard Nuclear, a reactor-agnostic producer of TRISO nuclear fuel, has appointed General Austin Scott Miller (U.S. Army, Ret.) to its Board of Directors as an independent director. The appointment brings nearly four decades of military leadership and deep national security expertise to the company as it scales operations to fuel America’s energy dominance.

General Miller spent nearly 40 years in the U.S. Army, commanding at every level across demanding operational environments. A career Special Operations officer, his commands included the TF Ranger assault force in Mogadishu, the Joint Special Operations Command (JSOC), and NATO’s Resolute Support Mission and U.S. Forces–Afghanistan. He is a 1983 graduate of the United States Military Academy at West Point and currently serves as a Class of 1987 Senior Fellow at the Combating Terrorism Center.

Thomas Hendrix, Executive Chairman of Standard Nuclear, highlighted the strategic value of the appointment. "General Miller has spent his career leading elite organizations in the planning and execution of high-risk, complex, and high-impact missions," said Hendrix. "His experience making strategic decisions with global impact will be instrumental as we plan to scale Standard Nuclear's operations to fuel America’s energy dominance."

The appointment aligns with Standard Nuclear’s focus on the intersection of advanced nuclear energy and U.S. strategic interests. The company’s HALEU TRISO fuel supports the development of a new generation of advanced reactors with applications in defense, industrial, and commercial programs. This includes microreactor demonstrations currently underway at U.S. national laboratories.

General Miller expressed his perspective on the company's mission. "Energy independence is essential to U.S. national security, and I believe nuclear energy will be a cornerstone of America’s energy future," said Miller. "Standard Nuclear is helping build that future today. I look forward to joining a company whose mission directly advances America’s long-term energy and national security."

Standard Nuclear’s mission is to deliver the essential building blocks of nuclear power at scale. Supported by leading U.S. defense technology and critical infrastructure investment firms, the company is focused on the large-scale production of advanced nuclear fuel and radioisotope power systems. It is the nation’s only independent manufacturer of TRISO fuel, offering a reactor-agnostic supply to the next-generation nuclear industry and dependable radioisotope power solutions to the space and defense sectors.