Newcleo to go public on Nasdaq via merger with NewHold Investment Corp III at $2.4B valuation

Newcleo

Newcleo announced a business combination agreement with SPAC NewHold Investment Corp III (Nasdaq: NHIC) at a $2.4 billion pre-money equity valuation. The transaction will provide up to $429 million in gross proceeds, with the combined company listing as NWCL on Nasdaq in the second half of 2026.

• Pre-money equity value is approximately $2.4 billion.
• Transaction expected to provide up to $429 million in gross proceeds, including $220 million in committed PIPE financing.
• Combined company to list on Nasdaq under ticker NWCL in H2 2026.
• Proceeds will be used to accelerate development of the LFR-AS-30 demonstration reactor and fund early commercial-unit design.