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Italian Nuclear Company Newcleo to List on Nasdaq via SPAC Merger at $2.4B Valuation

GateNews

2026-05-28 02:29:43

According to Reuters, Newcleo announced on May 28 that it has agreed to merge with NewHold Investment Corp III to list on Nasdaq. The merger is expected to value the Italian nuclear company at $2.4 billion, with total proceeds reaching up to $429 million. The transaction is anticipated to close in the second half of 2026. Newcleo, founded by Italian physicist Stefano Buono, is developing advanced modular lead-cooled fast reactors and nuclear fuel made from reprocessed nuclear materials.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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