BUZZ-Deep Fission set for Nasdaq debut after scaled-back IPO

Deep Fission

Deep Fission

FISN

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** Nuclear reactor developer Deep Fission FISN.O set for Nasdaq debut later on Thursday after scaled-back IPO

** FISN sells 2.5 million shares in IPO at the low-end of latest marketed range of $16 and $18 apiece to raise $40 million

** The Berkeley, California-based firm had initially planned on selling 6 million shares priced between $24 and $26 apiece

** FISN is developing a small modular reactor, Gravity Reactor, designed to operate in boreholes one mile underground

** In February, FISN had raised $80 million in new financing from investors

** Benchmark and Seaport Global Securities acted as joint lead book-running managers for IPO

** At IPO launch, William Blair, Stifel, and Canaccord Genuity were joint lead book-running managers before dropping from the underwriting lineup


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