Nano Nuclear Energy Completes 01 Energy Acquisition
Ticker: NNE · Form: 8-K · Filed: Aug 20, 2025 · CIK: 1923891
Sentiment: neutral
Topics: acquisition, definitive-agreement, exhibits
TL;DR
Nano Nuclear Energy just bought 01 Energy & Transportation. Big move for their energy biz.
AI Summary
Nano Nuclear Energy Inc. announced on August 20, 2025, the completion of its acquisition of 01 Energy & Transportation. The filing also details the entry into a material definitive agreement related to this transaction. Financial statements and exhibits pertaining to the acquisition are included.
Why It Matters
This acquisition marks a significant step for Nano Nuclear Energy in expanding its operations within the energy and transportation sectors.
Risk Assessment
Risk Level: medium — Acquisitions inherently carry integration risks and potential financial complexities that could impact the company's performance.
Key Players & Entities
- Nano Nuclear Energy Inc. (company) — Registrant
- 01 Energy & Transportation (company) — Acquired entity
- August 20, 2025 (date) — Report date
- August 14, 2025 (date) — Earliest event reported
- Nevada (jurisdiction) — State of incorporation
- New York (location) — Principal executive offices location
FAQ
What is the nature of the material definitive agreement entered into by Nano Nuclear Energy Inc.?
The filing indicates the entry into a material definitive agreement in connection with the completion of the acquisition of 01 Energy & Transportation.
When was the acquisition of 01 Energy & Transportation completed?
The acquisition was completed on August 14, 2025, as reported on August 20, 2025.
What SIC code is associated with 01 Energy & Transportation?
The SIC code associated with 01 Energy & Transportation is 4911, which corresponds to Electric Services.
Where are Nano Nuclear Energy Inc.'s principal executive offices located?
Nano Nuclear Energy Inc.'s principal executive offices are located at 10 Times Square, 30th Floor, New York, New York 10018.
What is the fiscal year end for Nano Nuclear Energy Inc.?
Nano Nuclear Energy Inc.'s fiscal year ends on September 30.
Filing Stats: 1,962 words · 8 min read · ~7 pages · Grade level 15.8 · Accepted 2025-08-20 16:21:04
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share NNE The Nasdaq Stock Mark
- $8,500,000 — e assumed for a total purchase price of $8,500,000 in cash (the " Purchase Price "). The
- $250,000 — nts "). Pursuant to the APA as amended, $250,000 of the Purchase Price (the " Canadian E
- $641,206 — NOS MMR shall assume an amount equal to $641,206.61, which is the current liability owed
- $15,000 — "). In addition, KRONOS MMR agreed to a $15,000 expense reimbursement allowance payable
Filing Documents
- form8-k.htm (8-K) — 54KB
- ex10-1.htm (EX-10.1) — 219KB
- 0001493152-25-012190.txt ( ) — 479KB
- nne-20250820.xsd (EX-101.SCH) — 3KB
- nne-20250820_lab.xml (EX-101.LAB) — 33KB
- nne-20250820_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 20, 2025 (August 14, 2025) Nano Nuclear Energy Inc. (Exact name of registrant as specified in its charter) Nevada 001-42044 88-0861977 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10 Times Square , 30th Floor New York , New York 10018 (Address of principal executive offices, including zip code) Registrant's telephone number, including area code: (212) 634-9206 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.0001 per share NNE The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement. Item 2.01 Completion of Acquisition or Disposition of Assets. Background on Acquisition of KRONOS MMR TM and LOKI MMR TM Reactors As previously disclosed, on December 18, 2024, Nano Nuclear Energy Inc., a Nevada corporation (the " Company "), entered into an Asset Purchase Agreement (as amended in January 2025, the " APA ") with Ultra Safe Nuclear Corporation, a Delaware corporation, Ultra Safe Nuclear Corporation – Technologies, a Washington corporation, USNC Holdings, LLC, a Washington limited liability company, Global First Power Limited, a Canadian corporation (" GFPL "), and USNC-Power, Ltd., a British Columbia corporation (collectively, " Sellers "), pursuant to which, subject to the terms and conditions set forth in the APA, the Company agreed to acquire certain assets of Sellers on an as-is, where-is basis, relating to Sellers' micro modular nuclear reactor business (then known as MMR Energy System and currently branded by the Company as the KRONOS MMR TM Energy System) (the " KRONOS Business "), and Sellers' transportable fission power system technology business (then known as the Pylon Transportable Reactor Platform and now branded by the Company as the LOKI MMR TM (the " LOKI Business "). Such assets included certain contracts, intellectual property rights, demonstration projects and, as amended, the equity interests of a Canadian partnership entity (the " Canadian Partnership " and all such assets, collectively, the " Assets "), free and clear of any liens other than certain specified liabilities of Sellers that were assumed for a total purchase price of $8,500,000 in cash (the " Purchase Price "). The closing of the Transaction (the " Closing ") occurred on January 10, 2025. The Sellers are debtors in a voluntary Chapter 11 case before the United States Bankruptcy Court for the District of Delaware (the " Bankruptcy Court "), which commenced on October 29, 2024. The Company participated in an auction conducted by Sellers on December 12, 2024 for the sale of all or substantially all of Sellers' assets and was selected as the winning bidder with respect to the Assets. The Bankruptcy Court approved the Transaction on December 19, 2024. In addition to material assets related to the KRONOS Business and the LOKI Business located in the United States, the Assets included (i) three contracts with Canadian authorities, including a license application (the " Chalk River License Application ") with the Canadian Nuclear Safety Commission (" CNSC ") associated with a KRONOS MMR TM reactor demonstration project at Chalk River Laboratories located in Ontario, Canada (the " Chalk River Project "), (ii) the equity interests of the Canadian Partnership, which at the time was thought to hold the Chalk River License Application and (iii) all other rights related to the Chalk River Project (collectively, the " Canadia