Nano Nuclear Energy Files 2024 10-K
Ticker: NNE · Form: 10-K · Filed: Dec 30, 2024 · CIK: 1923891
Sentiment: neutral
Topics: 10-K, annual-report, energy
TL;DR
NNE filed its 2024 10-K. Financials look like previous years, check for new details.
AI Summary
Nano Nuclear Energy Inc. filed its 10-K for the fiscal year ending September 30, 2024, reporting its financial position and business operations. The company, incorporated in Nevada and headquartered at 10 Times Square, New York, NY, operates within the Electric Services sector. Key financial data points from previous fiscal years are included for comparison, such as common stock, additional paid-in capital, retained earnings, and temporary equity.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Nano Nuclear Energy's financial health and strategic direction for the past fiscal year. It is crucial for understanding the company's performance and future prospects in the energy sector.
Risk Assessment
Risk Level: medium — As a company in the emerging nuclear energy sector, Nano Nuclear Energy faces significant technological, regulatory, and market risks that are inherent to its industry.
Key Numbers
- 2024-09-30 — Fiscal Year End (Reporting period for the 10-K)
- 2023-09-30 — Previous Fiscal Year End (For comparative financial analysis)
- 2022-09-30 — Prior Fiscal Year End (For trend analysis)
Key Players & Entities
- Nano Nuclear Energy Inc. (company) — Filer of the 10-K
- 2024-09-30 (date) — Fiscal year end
- 10 Times Square, 30th Floor, New York, NY 10018 (location) — Company business and mailing address
- NV (state) — State of incorporation
- 4911 (SIC code) — Standard Industrial Classification for Electric Services
FAQ
What are the specific financial results for the fiscal year ending September 30, 2024?
The provided excerpt does not contain specific financial results for the fiscal year ending September 30, 2024, but rather indicates that the 10-K filing covers this period and includes comparative data from previous years.
What is Nano Nuclear Energy Inc.'s primary business activity?
Nano Nuclear Energy Inc. is classified under Standard Industrial Classification code 4911, which corresponds to Electric Services.
Where is Nano Nuclear Energy Inc. headquartered?
The company's business and mailing address is 10 Times Square, 30th Floor, New York, NY 10018.
In which U.S. state is Nano Nuclear Energy Inc. incorporated?
Nano Nuclear Energy Inc. is incorporated in Nevada (NV).
What types of financial data are presented for comparison in this filing?
The filing includes comparative data for us-gaap:CommonStockMember, us-gaap:AdditionalPaidInCapitalMember, us-gaap:RetainedEarningsMember, and NNE:TemporaryEquityMember for the fiscal years ending September 30, 2022, 2023, and the period ending September 30, 2024.
Filing Stats: 4,491 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-12-30 08:00:48
Key Financial Figures
- $0.0001 — h Registered: Common Stock, par value $0.0001 per share NNE The Nasdaq Stock Mark
- $1.7 million — ry building in Oak Ridge, Tennessee for $1.7 million to house our Nuclear Technology Headqua
- $800 thousand — lso currently undertaking approximately $800 thousand dollars of renovation work to the facil
- $8.5 million — Assets"), for a total purchase price of $8.5 million in cash through an auction process ("Au
- $8.5 million — total purchase price, inclusive of the $8.5 million for the USNC Assets, of $36,190,000.
- $36,190,000 — he $8.5 million for the USNC Assets, of $36,190,000. The newly acquired technologies alig
- $2 million — these facilities. We have also made a $2 million strategic investment in and entered int
- $3.4 b — contract awardees is anticipated to be $3.4 billion, to be awarded by the DOE via agr
Filing Documents
- form10-k.htm (10-K) — 1694KB
- ex10-18.htm (EX-10.18) — 36KB
- ex10-19.htm (EX-10.19) — 16KB
- ex14-1.htm (EX-14.1) — 83KB
- ex19-1.htm (EX-19.1) — 116KB
- ex31-1.htm (EX-31.1) — 18KB
- ex31-2.htm (EX-31.2) — 18KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- form10k_001.jpg (GRAPHIC) — 79KB
- form10k_002.jpg (GRAPHIC) — 59KB
- form10k_003.jpg (GRAPHIC) — 45KB
- form10k_004.jpg (GRAPHIC) — 82KB
- form10-k_005.jpg (GRAPHIC) — 28KB
- 0001493152-24-052393.txt ( ) — 6959KB
- nne-20240930.xsd (EX-101.SCH) — 42KB
- nne-20240930_cal.xml (EX-101.CAL) — 50KB
- nne-20240930_def.xml (EX-101.DEF) — 139KB
- nne-20240930_lab.xml (EX-101.LAB) — 403KB
- nne-20240930_pre.xml (EX-101.PRE) — 288KB
- form10-k_htm.xml (XML) — 617KB
Business
Business 2 Item 1A.
Risk Factors
Risk Factors 25 Item 1B. Unresolved Staff Comments 49 Item 1C Cybersecurity 49 Item 2.
Properties
Properties 49 Item 3.
Legal Proceedings
Legal Proceedings 50 Item 4. Mine Safety Disclosures 50 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 51 Item 6. [Reserved] 53 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 53 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 60 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 60 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 60 Item 9A.
Controls and Procedures
Controls and Procedures 60 Item 9B. Other Information 61 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 61 PART III Item 10. Directors, Executive Officers and Corporate Governance 62 Item 11.
Executive Compensation
Executive Compensation 72 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 78 Item 13. Certain Relationships and Related Transactions, and Director Independence 79 Item 14. Principal Accounting Fees and Services 81 PART IV Item 15. Exhibits and Financial Statement Schedules 83 Item 16. Form 10-K Summary 83 i PART I CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this "Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and may include statements concerning, among other things, financial results; business plans; future liabilities and other obligations; impairments and amortization; estimates of the financial impact of certain items, accounting treatment, events or circumstances; and capital allocation. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the reasons described in our "Business," "Risk Factors," and "Management Discussion and Analysis of Financial Condition and Result of Operations" sections, as well as those discussed elsewhere in this Report. In some cases, you can identify these forward-looking statements by terms such as "anticipate," "believe," "continue," "could," "depends," "estimate," "expects," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," "assumption" or "judgment" or the negative of those terms or other similar expressions, although not all forward-looking statements contain those words. These forward-looking statements present our estimates and assumptions only as of the date of this Report and are sub