Standard Nuclear, Inc. (STDN) reported its first quarter of commercial-scale revenue and positive gross profit for the three months ended June 30, 2026, while remaining loss‑making as it scales up. Q2 revenue was $4.7 million, up from $0.6 million a year earlier, driven largely by $3.1 million of TRISO fuel product revenue and higher service work. Gross profit was $3.2 million versus a gross loss of $0.6 million in Q2 2025, but higher public‑company and R&D spending increased Q2 net loss to $3.4 million (loss of $0.12 per share) from $1.6 million (loss of $0.06 per share).
Total Contract Backlog expanded sharply as pipeline converted to contracts, rising from $91.3 million at March 31 to $241.5 million at June 30, 2026, and to $576.9 million after an August fuel supply agreement; Funded Backlog increased to $119.3 million. Qualified Pipeline was $696.3 million as of August 26, 2026. Cash was $102.2 million at June 30, 2026, and the July IPO of 10.0 million shares at $15.00 per share added about $137.7 million of net proceeds, for roughly $239.9 million of pro forma cash on a debt‑free balance sheet, against a continued stockholders’ deficit.
Standard Nuclear, Inc. (STDN) reported that it has executed a new binding fuel supply agreement with Radiant Industries, Inc., a developer of portable nuclear microreactors. The agreement covers supply of multiple metric tons of TRISO nuclear fuel to be delivered through 2031 to support Radiant’s Kaleidos deployments.
Standard Nuclear describes this as a watershed moment for the advanced nuclear industry, indicating commercial-scale demand for TRISO fuel. The deal aligns with its strategy to secure multi-year customer agreements for U.S.-produced TRISO fuel and reinforce a domestic supply chain for advanced nuclear and national security applications.
Cohen Seth Michael reported acquisition or exercise transactions in this Form 4 filing.
Standard Nuclear, Inc. reported that director Cohen Seth Michael received an equity compensation award of 13,255 shares of Class A common stock in the form of restricted stock units. The RSUs carry a $0.0000 grant price and will vest 100% on the earlier of the day before the 2027 annual stockholders meeting or the one-year anniversary of the grant date, subject to his continued Board service. Following this grant, Cohen holds 13,255 shares directly.
Standard Nuclear, Inc. director Cohen Seth Michael filed an initial ownership report indicating that he currently holds no securities of the company. The statement specifies that no securities of the issuer are beneficially owned by the reporting person as of the filing date, and no transactions or derivative positions are reported.
Standard Nuclear, Inc. reported that its Board of Directors increased its size from four to five members and appointed Seth Cohen as a Class II director, effective August 12, 2026. His term runs until the 2028 annual meeting of stockholders, or until a successor is elected and qualified or an earlier termination event.
The Board determined that Cohen qualifies as an independent director under New York Stock Exchange listing standards, including compensation committee requirements, and appointed him to the Compensation Committee. Cohen previously served as Chief Counsel for Nuclear Policy at the U.S. Department of Energy and has appellate litigation experience in private practice. He will receive the company’s standard non-employee director compensation, pro-rated for 2026, and is party to the company’s standard indemnification agreement. A press release dated August 14, 2026 announced his appointment and highlights his nuclear policy and regulatory background.
Standard Nuclear, Inc. reported IPO-related equity conversions by affiliate funds. On 2026-07-17, Fundomo-related vehicles converted 3849782 shares of Series A Preferred Stock, 2027576 shares of Series A-2 Preferred Stock and 14000000 shares of Series Seed-1 Preferred Stock into equal numbers of Class A Common Stock on a 1-for-1 basis immediately before the initial public offering. Voting and dispositive power is shared or delegated among Fundomo SN-001, Fundomo SN-002, related general partners and Corey L. Nobile, who all disclaim beneficial ownership except for their pecuniary interests.
Investment entities affiliated with Corey L. Nobile report preferred equity interests in Standard Nuclear, Inc., including Series A, Series A‑2 and Series Seed‑1 Preferred Stock that will automatically convert into 3,849,782; 2,027,576; and 14,000,000 shares of Class A Common Stock, respectively, on a 1‑for‑1 basis upon completion of the company’s initial public offering. Fundomo SN‑001, LP, Fundomo SN‑002, LP, their general partners and Nobile are each identified as ten percent owners, with voting and dispositive powers over certain indirect holdings shared among affiliated entities or delegated to an unaffiliated investment adviser, and all reporting persons disclaim beneficial ownership beyond their pecuniary interests.
Standard Nuclear, Inc. is reported to have a significant shareholder group led by Decisive Point entities. Decisive Point Group, LLC directly holds 6,902,000 shares of Class A common stock and may be deemed to beneficially own a total of 26,588,810 shares, representing 17.83% of the Class A common stock outstanding.
The shares are held across affiliated Delaware entities, including Decisive Point – Standard Nuclear I–V, LLC and Decisive Point Ventures II Master Fund, L.P., with Decisive Point Ventures Fund II GP, LLC acting as manager and Decisive Point Group, LLC as its parent. Decisive Point Ventures Fund II GP, LLC may be deemed to beneficially own 19,686,810 shares, or 13.20% of the class. Percentages are based on 149,095,234 shares outstanding as of July 17, 2026, as reported in Standard Nuclear’s prospectus filed under Rule 424(b)(4).
ST-1014 Fund I, a series of Fundomo Syndicates, LP, a more-than-10% owner of Standard Nuclear, Inc., converted 14,000,000 shares of Series Seed-1 Preferred Stock into 14,000,000 shares of Class A Common Stock on a 1-for-1 basis immediately prior to the closing of Standard Nuclear’s initial public offering. After the conversion, the fund held 14,000,000 Class A Common shares and no Series Seed-1 Preferred shares. Voting and dispositive power over these shares has been irrevocably delegated to an unaffiliated third-party investment adviser, and the reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.
ST-1014 Fund I, a series of Fundomo Syndicates, LP, as a 10% owner of Standard Nuclear, Inc., reports direct holdings of 14,000,000 shares of Series Seed-1 Preferred Stock, each automatically convertible into one share of Class A Common Stock upon completion of the issuer’s IPO, with no expiration date. Voting and dispositive power over these shares has been irrevocably delegated to an unaffiliated third-party investment adviser, and ST-1014 Fund I disclaims beneficial ownership except to the extent of its pecuniary interest.