Holtec Nuclear Corp Filed Primary

What the company does

Holtec Nuclear Corporation is a Delaware corporation formed on December 16, 2025, that has historically conducted substantially all of its operations through Holtec International, a Delaware corporation held entirely by The Great Banyan Trust and the Multi-Decades Trust, both of which are beneficially owned by Dr. Krishna P. Singh. The company is an emerging growth company offering Class A common stock in an initial public offering. It intends to apply to list its Class A common stock on Nasdaq and Nasdaq Texas under the symbol "HNUC". The company intends to use net proceeds in part to accelerate SMR-300 licensing, deployment and manufacturing capacity, further commercialization of its Holtec Green Boiler and HI-THERM HCSP innovations, and expand product and services offerings in emerging areas such as cybersecurity and national defense programs.

Use of proceeds

We intend to use such net proceeds to (i) purchase Class A Interests from Holtec International at a per interest purchase price equal to the per share price paid by the underwriters for our Class A common stock in this offering and (ii) cause Holtec International to use the net proceeds (a) to distribute approximately $ in cash to Holtec Holdings and approximately $ in cash to Holtec International Holdco and (b) for general corporate purposes, which may include accelerating SMR-300 licensing, deployment and manufacturing capacity, furthering commercialization of our Holtec Green Boiler and HI-THERM HCSP innovations and expanding our product and services offerings in emerging areas such as cybersecurity and national defense programs.

Underwriters

Extracted from S-1/A 0001193125-26-361496, filed Aug 24, 2026 and verified against that filing text.

Key risk factors

• Controlled company corporate governance exemptions

  “We expect to be a "controlled company" within the meaning of the Nasdaq and Nasdaq Texas rules and, as a result, will qualify for exemptions from certain corporate governance requirements.”

• NAMCO Restructuring Phase II regulatory approvals

  “Completion of NAMCO Restructuring Phase II remains subject to NRC and certain other regulatory approvals.”