Company proposing nuclear power facility in Kansas plans stock offering

[Marlin]

Company proposing nuclear power facility in Kansas plans stock offering

https://www.newsfromthestates.com/article/company-proposing-nuclear-power-facility-kansas-plans-stock-offering

[Core Content]

Deep Fission Inc. filed for an initial public offering of 2.5 million shares to raise over $40 million for its underground reactor pilot project in Parsons, Kansas. The company intends to list on the Nasdaq exchange while continuing borehole development and engineering work. Management expects to submit a commercial license application to the Nuclear Regulatory Commission in early 2027 to advance its unproven reactor design.

TOPEKA — A company building an underground nuclear reactor in Parsons is planning an initial public offering of 2.5 million shares, planning to raise more than $40 million.Deep Fission Inc. initially announced in May that it would issue about 6 million shares, with a target price of $24 to $26. However, in registration information filed Wednesday...

California-based Deep Fission began drilling bore holes in Parsons, shown here as of March 2026, as part of the company's effort to pilot a new type of nuclear reactor that would be buried 6,000 feet underground. (Photo by Deep Fission)

California-based Deep Fission, which partnered with the U.S. Department of Energy to build its Gravity Reactor in boreholes one mile underground in the Great Plains Industrial Park, plans to raise more than $40 million to fund its pilot project in Kansas.

Read the full article at newsfromthestates.com:
https://www.newsfromthestates.com/article/company-proposing-nuclear-power-facility-kansas-plans-stock-offering