Deep nuclear startup starts publicly in a curiosity plumber

Nuclear running start Deep fission On Monday, it announced that it had been announced in the reversal integration process, and the company chose $ 30 million.

No, it’s not 2021.

It suggests starting to build small cylindrical nuclear power plants Reduce it to 30 -inch holes Drill one mile to the ground. By burying the reactors, the company hopes to solve many problems that affect the current reactors, including concerns about the potential collapse and terrorist attacks.

Deep Serfice 15 megawatts are cooled using compressed water, the same type in nuclear submarines and many current power plants.

Earlier this year, deep fission a deal with the Data Center developer to create 2 GB of underground reactors.

Recently in April, it was a startup company Attempt A seed tour of $ 15 million. In August, deep fission and nine -emerging companies were chosen in nuclear fission to be part of the Ministry of Energy Pilot reactor programBasically, a simplified permit.

Under the conditions of the reverse integration with the four -year -old Surfside Acquisition Inc, the offer was priced at a price of $ 3 per share, less than $ 10 customs targeting other SPACS. The new entity will retain the name of deep fission, and although its shares have not been circulated yet, it says it intends to quote OTCQB.

The circumstances surrounding SPAC – the stock price, the chosen stock market, and the timing of the deal – indicate that deep fission was not able to raise funds from new or current shareholders, who benefited from the company for the first time by examining 4 million dollars last year.

The fusion revenue gives the startup on a slightly more runway than the fateful seed round, but it also imposes the costs of reporting SEC when it is a small company operating in a very expensive sector. Reflect on the first fission to start its first reactor by July 2026.