NANO Nuclear Energy Fights Back Against Short Sellers
13 Agosto 2024 - 11:29AM
NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO
Nuclear”), a vertically integrated advanced nuclear
energy and technology company developing portable clean energy
solutions, today announced its engagement of Quinn Emanuel Urquhart
& Sullivan (Quinn Emanuel) to explore and assert all available
legal recourse against Hunterbrook Media LLC’s disingenuous
reporting and protect its interests and shareholders against the
deceptive claims made in its report.
In addition, NANO Nuclear has officially sent a letter to
Hunterbrook Medial LLC and Hunterbrook Capital, which can be viewed
here:
https://nanonuclearenergy.com/wp-content/uploads/2024/08/2024.08.13-Hunterbrook-Demand-Letter.pdf
Representing NANO Nuclear in this matter will be
Alex Spiro, a partner at Quinn Emanuel, where he serves as Co-Chair
of the Investigations, Government Enforcement & White Collar
Defense Practice.
“We believe NANO Nuclear has been unlawfully
wronged by Hunterbrook, and so we are taking the fight to them. We
are pleased to add Alex Spiro and the team at Quinn Emanuel to
support us and our shareholders in this effort,” said
Jay Yu, Founder and Chairman of NANO Nuclear. “Alex
is one of the most experienced and hard-hitting attorneys in the
world and his prior cases are a testament to his work ethic and
dedication to the truth. We will explore every option and
possibility to demonstrate Hunterbrook’s malicious intent and
ulterior motives and rebuke them accordingly.”
“There has been a lot of speculation and
controversy as to how Hunterbrook conducts their business and we
are confident that our efforts will help us get to the truth of
their actual motives in publishing their self-serving, misleading
and deceptive report,” said James Walker, Chief Executive
Officer, and Head of Reactor Development of NANO Nuclear
Energy. “We aren’t the only company that has had the
misfortune of defending ourselves against their claims, and I am
certain we aren’t the only ones with questions. NANO Nuclear has no
interest in mincing words or distorting the truth. We have always
been fully transparent about the realities of the nuclear energy
industry. We also have highly competent people doing their utmost
to make our plans a reality, and to see our efforts blemished by
the likes of Hunterbrook is not something that we will accept.”
About NANO Nuclear Energy Inc.
NANO Nuclear Energy Inc. (NASDAQ:
NNE) is an advanced technology-driven nuclear energy
company seeking to become a commercially focused, diversified, and
vertically integrated company across four business lines: (i)
cutting edge portable microreactor technology, (ii) nuclear fuel
fabrication, (iii) nuclear fuel transportation and (iv) nuclear
industry consulting services. NANO Nuclear believes it is the first
portable nuclear microreactor company to be listed publicly in the
U.S.
Led by a world-class nuclear engineering team,
NANO Nuclear’s products in technical development are
“ZEUS”, a solid core battery reactor, and “ODIN”, a
low-pressure coolant reactor, each representing advanced
developments in clean energy solutions that are portable, on-demand
capable, advanced nuclear microreactors.
Advanced Fuel Transportation Inc.
(AFT), a NANO Nuclear subsidiary, is led by former
executives from the largest transportation company in the world
aiming to build a North American transportation company that will
provide commercial quantities of HALEU fuel to small modular
reactors, microreactor companies, national laboratories, military,
and DOE programs. Through NANO Nuclear, AFT is the exclusive
licensee of a patented high-capacity HALEU fuel transportation
basket developed by three major U.S. national nuclear laboratories
and funded by the Department of Energy. Assuming development and
commercialization, AFT is expected to form part of the only
vertically integrated nuclear fuel business of its kind in North
America.
HALEU Energy Fuel Inc. (HEF), a
NANO Nuclear subsidiary, is focusing on the future development of a
domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel
fabrication pipeline for NANO Nuclear’s own microreactors as well
as the broader advanced nuclear reactor industry.
For more corporate information please
visit: https://NanoNuclearEnergy.com/
For further information, please contact:
Email: IR@NANONuclearEnergy.comBusiness Tel: (212)
634-9206PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:NANO Nuclear
Energy LINKEDINNANO Nuclear Energy YOUTUBENANO Nuclear
Energy TWITTER
Cautionary Note Regarding Forward Looking
Statements
This news release and statements of NANO
Nuclear’s management in connection with this news release or
related events contain or may contain "forward-looking statements"
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act
of 1995. In this context, forward-looking statements mean
statements related to future events (including events related to
Hunterbrook’s report and actions being taken by the Company as a
result of such report), which may impact our expected future
business and financial performance, and often contain words such as
"expects", "anticipates", "intends", "plans", "believes",
“potential”, "will", "should", "could", "would" or "may" and other
words of similar meaning. These forward-looking statements are
based on information available to us as of the date of this news
release and represent management's current views and assumptions.
Forward-looking statements are not guarantees of future
performance, events or results and involve significant known and
unknown risks, uncertainties and other factors, which may be beyond
our control. For NANO Nuclear, particular risks and uncertainties
that could cause our actual future results to differ materially
from those expressed in our forward-looking statements include but
are not limited to the following: (i) risks related to our U.S.
Department of Energy (“DOE”) nuclear fuel manufacturing submission
and the development of new or advanced technology, including
difficulties with design and testing, cost overruns, development of
competitive technology, (ii) our ability to obtain contracts and
funding to be able to continue operations, (iii) risks related to
uncertainty regarding our ability to technologically develop and
commercially deploy a competitive advanced nuclear reactor
technology, (iv) risks related to the impact of government
regulation and policies including by the DOE and the U.S. Nuclear
Regulatory Commission, including those associated with the recently
enacted ADVANCE Act, and (v) risks related to uncertainties
associated with the business of a start-up business operating a
highly regulated industry. Readers are cautioned not to place undue
reliance on these forward-looking statements, which apply only as
of the date of this news release. These factors may not constitute
all factors that could cause actual results to differ from those
discussed in any forward-looking statement, and the NANO Nuclear
therefore encourages investors to review other factors that may
affect future results in its filings with the SEC, which are
available for review at www.sec.gov and at
https://ir.nanonuclearenergy.com/financial-information/sec-filings.
Accordingly, forward-looking statements should not be relied upon
as a predictor of actual results. We do not undertake to update our
forward-looking statements to reflect events or circumstances that
may arise after the date of this news release, except as required
by law.
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