Nuclear firm Newcleo pushes ahead with Nasdaq listing – despite €140m loss last year
16 Jul 2026
13:44
Nuclear startup Newcleo is pushing ahead with its plans to list in New York, as regulatory filings show a €140m annual loss last year.
Newcleo, the London-founded nuclear energy startup, is pressing ahead with its plan to list on the Nasdaq through a merger with blank-cheque firm NewHold Investment Corp. III, regulatory filings show.
The deal values the company at around $2.4bn and could deliver up to $429m in gross proceeds, made up of a $220m private placement and up to $209m held in the SPAC's trust account, before redemptions. It is expected to close in the second half of 2026, with the combined company trading under the tic...