NANO Nuclear Energy Enters into Agreement to Acquire Ultra Safe Nuclear Corp.'s Patented Micro Modular Reactor MMR® and Pylon Space Reactors for $8.5 Million along with Worldwide Demonstration Partnerships
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NANO Nuclear Energy has entered into an agreement to acquire Ultra Safe Nuclear Corp.'s patented Micro Modular Reactor (MMR®) and Pylon Space Reactors for $8.5 million. This acquisition includes all associated patents and worldwide demonstration partnerships, and was made through a Chapter 11 bankruptcy auction.
December 24, 2024 | 1:45 pm
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NANO Nuclear Energy has acquired Ultra Safe Nuclear Corp.'s Micro Modular Reactor and Pylon technologies for $8.5 million, including patents and global partnerships, through a Chapter 11 bankruptcy auction.
The acquisition of patented technologies and global partnerships is likely to enhance NANO Nuclear Energy's market position and technological capabilities, potentially leading to positive investor sentiment and a short-term stock price increase.
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