Deep Fission (FISN) completes $40M Nasdaq stock sale to fund pilot reactor
Rhea-AI Filing Summary
Deep Fission, Inc. has completed a public offering of 2,500,000 shares of common stock at $16.00 per share, raising gross proceeds of $40 million before fees and expenses. The company’s shares trade on the Nasdaq Global Market under the symbol FISN.
The company granted underwriters a 30‑day option to buy up to 375,000 additional shares at the same public price, less underwriting discounts and commissions. Deep Fission plans to use net proceeds for general working capital and corporate purposes, including engineering, research and development, licensing and construction of its first pilot nuclear reactor and related technologies.
Positive
- Completed $40 million primary equity raise, providing substantial new capital for Deep Fission’s operations and project development.
- Proceeds targeted to core nuclear initiatives, including engineering, R&D, licensing and construction of the company’s first pilot nuclear reactor and related technologies.
Negative
- None.
Insights
Deep Fission completes $40M Nasdaq equity raise to fund reactor development.
Deep Fission completed a public equity offering of 2,500,000 common shares at $16.00 each, generating gross proceeds of $40 million. The company also granted underwriters a 30‑day option for up to 375,000 additional shares at the same public price, less underwriting discounts and commissions.
The capital is earmarked for general working capital and corporate purposes, specifically including engineering, research and development, licensing and construction of its first pilot nuclear reactor and related technologies. That links the raise directly to advancing core project milestones rather than ancillary uses.
The stock is listed on the Nasdaq Global Market under the symbol FISN, which can support liquidity as the new shares enter trading. Actual dilution and cash received will depend on final net proceeds and whether underwriters exercise the 30‑day option.