Lead-cooled fast reactors fueled by reprocessed nuclear waste (MOX).
Lead-cooled fast-reactor developer newcleo completed its merger with NewHold Investment Corp III on September 21 and began trading as NWCL on September 22, at a pre-money value of about $2.4 billion. Gross proceeds were $247 million against up to $429 million planned: an oversubscribed $216 million PIPE and $31 million left in NewHold's trust after redemptions.
newcleo / NewHold III — Lead-cooled fast-reactor and MOX-fuel developer newcleo agreed to go public via NewHold Investment Corp III at a ~$2.4B pre-money value (up to $429M proceeds), targeting Nasdaq 'NWCL' in H2 2026. The deal closed on 21 Sep 2026 and shares began trading as NWCL on 22 Sep. Gross proceeds were $247M against up to $429M planned: an oversubscribed $216M PIPE, and only $31M from NewHold's trust — most SPAC holders redeemed rather than take shares. Former TVA chief executive Jeffrey Lyash chairs the board.
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