01:10 PM EDT, 10/08/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Nano Nuclear Energy ( NNE ) shares fell 12.2% in recent trading Wednesday, after the company said it reached agreements with institutional investors for the purchase and sale of about 8.5 million of its shares through an oversubscribed private placement.

The company said it expects to generate gross proceeds of $400 million from the offering, which is scheduled to close on or about Friday.

Price: 49.71, Change: -6.92, Percent Change: -12.22