01:18 PM EDT, 10/10/2025 (MT Newswires) -- Nano Nuclear Energy ( NNE ) said Friday that it has closed $400 million oversubscribed private stock offering with institutional investors.

In the private placement, the company sold 8.5 million common shares, bringing its cash balance to roughly $600 million, according to a statement.

Net proceeds will be used to advance Nano Nuclear's KRONOS MMR reactor, other micro reactor projects, supply chain initiatives, strategic acquisitions, and general corporate purposes.

Shares of Nano Nuclear Energy ( NNE ) were down 1.5% in recent trading.

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