There’s a new microreactor company coming soon to Wall Street.

What’s happening:

  • NuCube Energy has entered into a business combination with Launch Two Acquisition Corp (NASDAQ: LPBB) to become a publicly traded company

By the numbers:‍

  • The new SPAC deal gives NuCube Energy a pre-money valuation of roughly $500M USD
  • Launch Two Acquisition Corp previously raised approximately $200M in their IPO financing round

Why it matters:‍

  • NuCube Energy is developing a solid-state fission microreactor known as DeccaCell which is engineered to provide compact, high-temperature nuclear power for both electricity generation and industrial heat in remote locations

Going deeper:‍

  • NuCube Energy notably has been selected by the United States Department of Energy’s Nuclear Energy Launch Pad USA program to accelerate the testing and deployment of their microreactor at the Idaho State University campus
  • Mining entrepreneur and financier Marin Katusa is one of the earliest backers of NuCube Energy through his investment company Emission Reduction Corporation

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