X‑Energy Files for Nasdaq IPO, Seeks $300M for Nuclear Technology Expansion

AI Summary

X‑Energy has submitted a filing to the SEC for an initial public offering on Nasdaq, targeting a capital raise of approximately $300 million to support its advanced small modular reactor (SMR) and nuclear fuel business. The company intends to list its Class A shares under the ticker symbol ‘XE’. The filing does not specify the number of shares or price range, while estimates suggest the deal could reach several hundred million dollars. X‑Energy's Xe‑100 design is capable of producing about 80 megawatts of electricity per module, with a development pipeline of over 11 gigawatts of planned nuclear capacity in the US and UK.