Standard Nuclear, Inc 10-Q for FY2026 Q2

Standard Nuclear, Inc. (STDN)

10-Q 2026-08-27 For: 2026-06-30

Added on August 27, 2026

About this 10-Q

Standard Nuclear, Inc filed this 10-Q on August 27, 2026, covering the quarter ended June 30, 2026 (FY2026 Q2).

Headline figures

Quarter ended June 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $4.74M; up 756.5% from $552.94K a year earlier
Net loss: $3.42M; compared with a net loss of $1.63M a year earlier
Diluted EPS: -$0.12; compared with -$0.06 a year earlier

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Delaware						99-3989746
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)

200 Europia Ave Oak Ridge, TN						37830
(Address of Principal Executive Offices)						(Zip Code)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.00001 per share	STDN	The New York Stock Exchange


		Page
Part I - Financial Information
Item 1.	Financial Statements	6
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	31
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	51
Item 4.	Controls and Procedures	52

Part II - Other Information

Item 1.	Legal Proceedings	54
Item 1A.	Risk Factors	54
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	54
Item 3.	Defaults Upon Senior Securities	55
Item 4.	Mine Safety Disclosures	55
Item 5.	Other Information	55
Item 6.	Exhibits	56

Signatures		58


2025 Stock Plan			The Company’s 2025 Stock Plan, as amended, prior to the completion of the IPO, which was terminated in connection with the effectiveness of the 2026 Plan
2026 Plan			The Company’s 2026 Equity Incentive Plan, which became effective immediately prior to the completion of the IPO
Advanced Reactors			Advanced nuclear reactors, including certain small modular reactors and microreactors, designed to be safer, more efficient, and more flexible than traditional nuclear reactors.
ASC			Accounting Standards Codification of the FASB
ASU			Accounting Standards Update issued by the FASB
Bonus Plan			The Standard Nuclear, Inc. 2026 Executive Incentive Bonus Plan
CFR			Code of Federal Regulations
Class B Conversion			Conversion of all outstanding shares of Class B common stock not beneficially owned by Mr. Hendrix into shares of Class A common stock immediately prior to the completion of the IPO
Class B Equity Exchange Agreement			Equity exchange right agreement between the Company and Mr. Hendrix, which gives Mr. Hendrix a right (but not an obligation) to require the Company to exchange any shares of Class A common stock received by Mr. Hendrix upon the exercise, vesting, and/or settlement of certain equity awards held by Mr. Hendrix or upon a distribution to Mr. Hendrix by Decisive Point Group, LLC following the IPO for an equivalent number of shares of Class B common stock
Class B Stock Exchange			The exchange of all of the outstanding shares of Class A common stock beneficially owned by Standard Nuclear Trust as of the Effective Time for an equivalent number of newly issued shares of Class B common stock in connection with the IPO
CODM			Chief operating decision maker; the Company's CODM is its Chief Executive Officer
Company / Standard Nuclear / SN / we / us / our			Standard Nuclear, Inc. and its consolidated subsidiary, unless the context otherwise requires.
DOE / Department			The United States Department of Energy
Effective Time			The time of effectiveness of the filing of the Company's restated certificate of incorporation with the Secretary of State of the State of Delaware, which occurred immediately prior to the completion of the IPO
EGC			An “emerging growth company,” as defined in the JOBS Act
ESPP			The Company’s 2026 Employee Stock Purchase Plan
Exchange Act			The Securities Exchange Act of 1934, as amended
FASB			The Financial Accounting Standards Board


Framatome			Framatome, Inc., a Delaware corporation that is a U.S. company and a U.S. subsidiary of Framatome SAS
Funded Backlog			Contracted fuel sales under binding commitments or agreements with firm delivery obligations, providing direct visibility into near-term revenue. Funded Backlog is presented net of revenue recognized and is reduced as the Company performs and delivers under its contracts
GAAP			Generally accepted accounting principles in the United States
HALEU			High-Assay Low-Enriched Uranium, which is uranium enriched to between 10% and 20% U-235. HALEU is a feedstock, not a fuel form, and is used to manufacture advanced fuels such as TRISO fuel
Idaho Facility / SN-ID			Company’s fuel line facility to be built on DOE property in Idaho pursuant to the OTA, which we refer to as our “SN-ID” facility
IPO			The Company's initial public offering of 10.0 million shares of Class A common stock at a public offering price of $15.00 per share, completed in July 2026
JOBS Act			The Jumpstart Our Business Startups Act of 2012
Joint Venture			Standard Nuclear x Framatome LLC, a Delaware limited liability company formed by the Company and Framatome in September 2025, in which the Company holds a 66.667% interest and Framatome holds 33.333% interest accounted for under the equity method, the purpose of which is to manufacture and bring advanced fuel products, including TRISO fuel particles and other TRISO-based fuel forms to market
kgU			Kilogram of uranium, which is a unit for measuring uranium mass quantity. It is a common measurement for fuel pricing and sales agreements. See also “MTU”
LAR			A license amendment request submitted to the NRC
MTU			Metric ton of uranium, which is a unit for measuring uranium mass quantity. It is a common measurement for fuel pricing and sales agreements. 1 MTU = 1,000 kgU
NRC			United States Nuclear Regulatory Commission
NYSE			New York Stock Exchange
Oak Ridge Facilities			Oak Ridge SN-0 and Oak Ridge SN-TN facilities, collectively
Oak Ridge SN-0			The Company's existing fuel line facility in Oak Ridge, Tennessee that is currently operational
Oak Ridge SN-TN			The Company's new production facility in Oak Ridge, Tennessee that is anticipated to become operational in the second half of 2026
Oak Ridge SN-TN20			The Company’s planned supplemental production facility in Oak Ridge, Tennessee, that is targeted to have annual throughput capacity of up to 20 MTU
OTA			Other Transaction Agreement for Fuel Production Line Authorization, dated as of September 26, 2025, between the Company and the DOE
Process Yield			Realizable throughput from each individual processing cycle for the Company's TRISO fuel, measured across the overall manufacturing process


x			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


o			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Purchase Option under Executed Contracts			Represents the dollar value of contractually granted but unexercised customer options. Exercise is at the sole discretion of the customer, and these amounts are not reflected in the Company’s financial statements until exercised
Qualified Pipeline			Represents vetted potential sales opportunities not yet subject to executed agreements. These represent non-binding indications of interest and remain subject to negotiation of commercial terms and other conditions. Qualified Pipeline is not included in Total Contract Backlog
Registration Statement			The Company's Registration Statement on Form S-1 (File No. 333-296922), as amended, declared effective by the SEC on July 15, 2026, including the final prospectus dated July 15, 2026 filed pursuant to Rule 424(b)(4)
Restated Bylaws			Amended and restated bylaws which became effective on July 17, 2026, immediately prior to the completion of the IPO
Restated Certificate of Incorporation			Represent the Sixth Amended and Restated Certificate of Incorporation which became effective on July 17, 2026, immediately prior to the completion of the IPO
Richland SN-F Facility			Framatome’s NRC-licensed nuclear fuel cycle facility in Richland, Washington
SAFE Notes			The simple agreements for future equity issued by the Company in 2024, which converted into Series Seed-1 Preferred Stock on February 13, 2025
Sarbanes-Oxley Act			The Sarbanes-Oxley Act of 2002
SEC			The United States Securities and Exchange Commission
Securities Act			The Securities Act of 1933, as amended
Stock Split			The 2-for-1 stock split of the Company's capital stock effected on July 6, 2026
Throughput			Quantity of a material that is able to be processed through a manufacturing facility over a specified period of time. We use throughput to describe how much TRISO fuel we are or expect to be able to process through a given production facility over a given time frame, commonly expressed in kgU or MTU of finished TRISO fuel per year, based on our current process yield from our manufacturing processes
TRISO			Tristructural-isotropic fuel, consisting of poppyseed-sized fuel particles made from enriched uranium and coated in ceramic layers, used to fuel many Advanced Reactors
U-235			A naturally occurring isotope of uranium that can sustain a nuclear chain reaction, making it essential for nuclear fuel
Total Contract Backlog			Represents the sum of Funded Backlog, Unfunded Backlog and Purchase Option under Executed Contracts
Unfunded Backlog			Represents the dollar value of intended fuel sales under memoranda of understanding, non-binding framework agreements or non-binding term sheets, and letters of intent. Certain Unfunded Backlog is associated with Fuel Development Agreements that include nominal deposits to reserve production queue position


USNC			Ultra Safe Nuclear Corporation and its subsidiaries, from which the Company purchased specific nuclear fuel-related assets through a Section 363 auction process under the U.S. Bankruptcy Code
VIE			A variable interest entity is defined as an entity whose total equity investment at risk is not sufficient to finance its activities without additional subordinated financial support from equity holders or other parties


			Page
Unaudited Condensed Consolidated Balance Sheets as of June 30 , 2026 and December 31, 2025			7
Unaudited Condensed Consolidated Statements of Operations for the three and six months ended June 30 , 2026 and 2025			8
Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Deficit for the three and six months ended June 30 , 2026 and 2025			9
Unaudited Condensed Consolidated Statements of Cash Flows for the three and six months ended June 30 , 2026 and 2025			10
Notes to the Unaudited Condensed Consolidated Financial Statements			11


		June 30, 2026		December 31, 2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents		$	102,185,333	$	63,101,704
Accounts receivable and contract assets, net	Note 2	8,128,817		2,291,669
Deferred transaction costs		2,135,079		—
Prepaid and other current assets		646,981		—
Total current assets		$	113,096,210	$	65,393,373
Property and equipment, net	Note 3	31,375,038		12,627,624
Investment in Joint Venture		2,481,829		1,130,170
TOTAL ASSETS		$	146,953,077	$	79,151,167

LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES:
Accounts payable		$	4,567,617	$	2,082,547
Accrued and other liabilities		148,148		354,601
Deferred revenue	Note 2	4,031,783		1,076,531
Total current liabilities		$	8,747,548	$	3,513,679
Asset retirement obligations		795,254		753,223
TOTAL LIABILITIES		$	9,542,802	$	4,266,902
Commitments and contingencies	Note 6

Mezzanine equity:
Redeemable preferred stock, 116,141,488 shares authorized, issued and outstanding at June 30, 2026 and 101,948,458 shares authorized, issued and outstanding at December 31, 2025; redemption value $214,999,997 and $144,999,977 at June 30, 2026 and December 31, 2025, respectively (1)	Note 7	$	214,999,997	$	144,999,977

Stockholders’ Deficit:
Ordinary shares, $0.00001 par value; 0 shares authorized, issued and outstanding at June 30, 2026 and December 31, 2025		$	—	$	—
Class A Common Stock, $0.00001 par value; 175,000,000 shares authorized at June 30, 2026 and December 31, 2025; 14,504,000 shares issued and outstanding at June 30, 2026 and December 31, 2025 (1)	Note 8	145		145
Class B Convertible Common Stock, $0.00001 par value; 35,615,000 shares authorized at June 30, 2026 and December 31, 2025; 13,630,998 shares and 13,496,000 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively (1)	Note 8	135		135
Additional paid-in capital		5,680,085		2,021,359
Accumulated deficit		(83,270,087)		(72,137,351)
Total Stockholders’ Deficit		(77,589,722)		$	(70,115,712)
Total Liabilities, Mezzanine Equity, and Stockholders’ Deficit		146,953,077		$	79,151,167


	Three Months Ended June 30, 2026		Three Months Ended June 30, 2025		Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Revenue
Product Revenue	$	3,100,000	$	—	$	3,101,741	$	—
Service Revenue	1,635,791		552,939		2,227,852		930,865
Total Revenue	4,735,791		552,939		5,329,593		930,865
Cost of Revenue
Cost of Revenue	1,552,797		1,182,689		6,558,803		2,339,637
Total Cost of Revenue	1,552,797		1,182,689		6,558,803		2,339,637
Gross Profit (Loss)	3,182,994		(629,750)		(1,229,210)		(1,408,772)
General and administrative costs	5,520,577		1,007,727		9,352,625		1,642,494
Research and development expenses	1,957,895		—		1,957,895		—
Loss from operations	(4,295,478)		(1,637,477)		(12,539,730)		(3,051,266)
Other expense (income):
Increase in fair value of SAFE Notes	—		—		—		7,725,000
Gain on extinguishment of debt	—		—		—		(853,000)
Interest income	(877,693)		—		(1,406,994)		—
Other expense (income)	—		(9,542)		—		(9,542)
Loss before income tax benefit	(3,417,785)		(1,627,935)		(11,132,736)		(9,913,724)
Income tax benefit	—		—		—		—
Net loss	$	(3,417,785)	$	(1,627,935)	$	(11,132,736)	$	(9,913,724)
Weighted average common shares outstanding – basic and diluted	28,001,802		28,000,000		28,000,906		28,000,000
Basic and diluted net loss per share	$	(0.12)	$	(0.06)	$	(0.40)	$	(0.35)


	Class A Common Stock			Class B Common Stock			Ordinary shares			Additional Paid-in Capital		Accumulated Deficit		Total Stockholders’ Deficit
	Shares	Amount		Shares	Amount		Shares	Amount
Balances as of December 31, 2024	—	$	—	—	$	—	28,000,000	$	280	$	279,720	$	(56,596,406)	$	(56,316,406)
Conversion of Ordinary Shares to Class A and Class B Common Stock	14,504,000	145		13,496,000	135		(28,000,000)	(280)		—		—		—
Net loss	—	—		—	—		—	—		—		(8,285,791)		(8,285,791)
Balances as of March 31, 2025	14,504,000	$	145	13,496,000	$	135	—	$	—	$	279,720	$	(64,882,197)	$	(64,602,197)
Share-based compensation	—	—		—	—		—	—		175,702		—		175,702
Net loss	—	—		—	—		—	—		—		(1,627,935)		(1,627,935)
Balances as of June 30, 2025	14,504,000	$	145	13,496,000	$	135	—	$	—	$	455,422	$	(66,510,132)	$	(66,054,430)


	Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Cash flows from operating activities
Net loss	$	(11,132,736)	$	(9,913,724)
Adjustments to reconcile net loss to net cash flows from operating activities:
Share-based compensation expense	3,657,502		175,702
Depreciation expense	598,881		58,292
Change in fair value of SAFE Notes liability	—		7,725,000
Gain on extinguishment of SAFE Notes	—		(853,000)
Changes in operating assets and liabilities:
Accounts receivable and contract assets, net	(5,837,148)		(312,810)
Prepaid and other current assets	(646,981)		(31,250)
Accounts payable	(367,886)		298,994
Accrued expenses and other liabilities	(164,420)		66,516
Deferred revenue	2,955,252		27,212
Net cash used in operating activities	$	(10,937,536)	$	(2,759,068)

Cash flows from investing activities
Purchases of property and equipment	$	(17,419,069)	$	(554,743)
Contributions to equity method investment	(425,931)		—
Net cash used in investing activities	$	(17,845,000)	$	(554,743)

Cash flows from financing activities
Proceeds from issuance of convertible redeemable preferred shares	$	70,000,020	$	—
Exercise of stock options	1,224		—
Payment of deferred transaction costs	(2,135,079)
Proceeds from issuance of Series Seed preferred stock, net of issuance costs	—		7,945,686
Net cash provided by financing activities	$	67,866,165	$	7,945,686

Net increase in cash and cash equivalents	39,083,629		4,631,875
Cash and cash equivalents at beginning of period	63,101,704		1,619,817
Cash and cash equivalents at end of period	$	102,185,333	$	6,251,692

Supplemental disclosure of cash flow information:
Cash paid for interest	$	—	$	—
Cash paid for income taxes	—		—

Supplemental disclosure of non-cash investing and financing activities:

Conversion of SAFE Notes into Series Seed-1 Preferred stock	$	—	$	32,500,000
Reclassification of SAFE Notes fair value to mezzanine equity upon conversion	—		32,500,000
Extinguishment of SAFE Notes (reduction of SAFE liability)	—		1,000,000
Reclassification of short-term cash advances to Series Seed preferred stock	—		2,494,833
Investment in joint venture included in accounts payable	925,729		—
Property and equipment purchases included in accounts payable	1,927,226		44,406


	June 30, 2026		December 31, 2025
Accounts receivable	$	7,635,277	$	2,090,087
Unbilled accounts receivable	48,037		—
Unbilled contract assets	445,503		201,582
Accounts receivable and contract assets, net	$	8,128,817	$	2,291,669


	June 30, 2026		December 31, 2025
Machinery and equipment	$	16,798,233	$	8,030,173
Land	1,442,338		1,267,338
Building and improvements	813,967		814,893
Asset Retirement Obligation Asset	673,000		673,000
IT and office equipment	460,819		182,556
Construction-in-progress	12,058,985		1,933,087
Total property and equipment, gross	32,247,342		12,901,047
Accumulated depreciation	(872,304)		(273,423)
Total property and equipment, net	$	31,375,038	$	12,627,624


As of June 30, 2026
Preferred Stock	Shares Authorized	Shares Issued and Outstanding	Carrying Amount		Aggregate Liquidation Preference
Series Seed	9,999,994	9,999,994	$	9,999,994	$	9,999,994
Series Seed-1	65,000,000	65,000,000	65,000,000		65,000,000
Series A	26,948,464	26,948,464	69,999,983		69,999,983
Series A-2	14,193,030	14,193,030	70,000,020		70,000,020
Total	116,141,488	116,141,488	$	214,999,997	$	214,999,997


As of December 31, 2025
Preferred Stock	Shares Authorized	Shares Issued and Outstanding	Carrying Amount		Aggregate Liquidation Preference
Series Seed	9,999,994	9,999,994	$	9,999,994	$	9,999,994
Series Seed-1	65,000,000	65,000,000	65,000,000		65,000,000
Series A	26,948,464	26,948,464	69,999,983		69,999,983
Total	101,948,458	101,948,458	$	144,999,977	$	144,999,977


	Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Stock Options	Number of Options	Weighted Average Exercise Price	Number of Options	Weighted Average Exercise Price
Outstanding at the beginning of the period	6,459,000	$0.21	—	$—
Granted	7,060,972	$0.96	6,534,000	$0.21
Exercised	(134,998)	$0.21	—	$—
Forfeited/expired	(1,058,418)	$0.58	—	$—
Outstanding at the end of the period	12,326,556	$0.61	6,534,000	$0.21
Exercisable at the end of the period	2,154,647	$0.23	—	$—


	Three Months Ended June 30, 2026		Three Months Ended June 30, 2025		Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Product revenue	$	3,100,000	$	—	$	3,101,741	$	—
Fixed price contracts	1,628,442		171,184		2,220,503		242,051
Time and materials contracts	7,349		381,755		7,349		688,814
Total	$	4,735,791	$	552,939	$	5,329,593	$	930,865


	Three Months Ended June 30, 2026		Three Months Ended June 30, 2025		Six Months Ended June 30, 2026		Six Months Ended June 30, 2025

Customer A	$	3.2	$	0.1	$	3.4	$	0.1
Customer B	—		0.4		—		0.7
Customer C	1.0		—		1.0		—


	Amount
Level 3 Rollforward – SAFE Notes
Ending balance, December 31, 2024	$	57,619,980
Additional proceeds received	1,508,020
Balance refunded	(1,000,000)
Gain on extinguishment of debt	(853,000)
Fair value adjustment during the period	7,725,000
Balance reclassified to Mezzanine Equity during the period	(65,000,000)
Ending balance, June 30, 2025	$	—


	Six Months Ended June 30, 2026		Six Months Ended June 30, 2025
Restricted Stock	Number of Shares	Weighted Average Grant Date Fair Value	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding at the beginning of the period	5,585,000	$0.97	—	$—
Granted	1,808,222	$7.28	5,585,000	$0.97
Vested	(1,978,020)	$0.97	—	$—
Forfeited/expired	—	$—	—	$—
Outstanding at the end of the period	5,415,202	$3.08	5,585,000	$0.97


	Amount		Weighted Average Remaining Recognition Period (Years)
Stock options	$	17,438,296	3.32
Restricted stock	16,002,469		3.91
Total compensation cost	$	33,440,765	3.54


Assumption	Three Months Ended June 30, 2026		Six Months Ended June 30, 2026
Expected volatility	110.0%		110.0%
Expected term (years)	7.0		7.0
Risk-free interest rate	4.50%		4.29% - 4.5%
Expected dividend yield	0.0%		0.0%
Weighted Average Grant-Date Fair Value	$	2.71	$	2.59


($ in millions)	March 31, 2026		June 30, 2026		August 26, 2026

Funded Backlog	$	8.2	$	61.9	$	119.3
Purchase Options under Executed Contracts	0.0		156.5		443.5
Unfunded Backlog	$		23.1		14.1
Total Contract Backlog	$	91.3	$	241.5	$	576.9
Qualified Pipeline	573.0		986.3		696.3
Total Contract Backlog and Qualified Pipeline	$	664.3	$	1,227.8	$	1,273.2


Fuel/TRISO Production Capacity
Module Throughput Capacity						0.5 MTU/y(l)
Building Throughput Capacity						3.0 MTU/y(2)
Process Yield %						63.3(3)


	Six Months Ended June 30, 2026		Six Months Ended June 30, 2025		$ Change
Net cash flows provided by (used in) operating activities	$	(10,937,536)	$	(2,759,068)	$	(8,178,468)


Net cash provided by (used in) investing activities	$	(17,845,000)	$	(554,743)	$	(17,290,257)
Net cash provided by (used in) financing activities	$	67,866,165	$	7,945,686	$	59,920,479


Exhibit Number						Exhibit Title
3.1						Sixth Amended and Restated Certificate of Incorporation of the Registrant, effective July 17, 2026 (Incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K filed on July 21, 2026)
3.2						Restated Bylaws of the Registrant, effective July 17, 2026 (Incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K filed on July 21, 2026)
4.1						Form of Registrant’s Class A Common Stock Certificate (Incorporated by reference to Exhibit 4.1 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
4.2#						Form of Amended and Restated Investor Rights Agreement, dated January 23, 2026, by and among the Registrant and certain investors of the Registrant (Incorporated by reference to Exhibit 4.2 to the Registrant’s Registration Statement on Form S-1 filed on June 18, 2026)
10.1						Form of Indemnification Agreement entered into between the Registrant and each of its directors and executive officers (Incorporated by reference to Exhibit 10.1 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.1+						2025 Stock Plan, as amended, and forms of award agreement thereunder (Incorporated by reference to Exhibit 10.2 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.2+						2026 Equity Incentive Plan and forms of award agreement thereunder (Incorporated by reference to Exhibit 10.3 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.3+						2026 Employee Stock Purchase Plan (Incorporated by reference to Exhibit 10.4 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.4+						Incentive Bonus Plan (Incorporated by reference to Exhibit 10.5 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.5						Other Transaction Agreement for Fuel Production Line Authorization, dated September 26, 2025, between the Registrant and the U.S. Department of Energy (Incorporated by reference to Exhibit 10.6 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.6						Form of Exchange Agreement between the Registrant and Standard Nuclear Trust (Incorporated by reference to Exhibit 10.7 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.7						Form of Equity Exchange Right Agreement between the Registrant and Thomas Hendrix (Incorporated by reference to Exhibit 10.8 to the Registrant’s Registration Statement on Form S-1/A filed on July 7, 2026)
10.8#						LLC Operating Agreement of Standard Nuclear x Framatome LLC (Incorporated by reference to Exhibit 10.9 to the Registrant’s Registration Statement on Form S-1 filed on June 18, 2026)
10.9+#						Amended and Restated Employment Offer Letter, by and between the Registrant and Kurt Terrani, dated as of June 17, 2026 (Incorporated by reference to Exhibit 10.10 to the Registrant’s Registration Statement on Form S-1 filed on June 18, 2026)
10.10+#						Amended and Restated Employment Offer Letter, by and between the Registrant and Keeley Marrocco, dated as of June 17, 2026 (Incorporated by reference to Exhibit 10.11 to the Registrant’s Registration Statement on Form S-1 filed on June 18, 2026)
10.11#						Asset Purchase Agreement, dated November 21, 2024, by and among Ultra Safe Nuclear Corporation, Ultra Safe Nuclear Corporation-Technologies, USNC Holdings LLC and the Registrant (Incorporated by reference to Exhibit 10.12 to the Registrant’s Registration Statement on Form S-1 filed on June 18, 2026)
10.12#						Amendment No. 1 to the Asset Purchase Agreement, dated December 18, 2024, by and among Ultra Safe Nuclear Corporation, Ultra Safe Nuclear Corporation-Technologies, USNC Holdings LLC and the Registrant (Incorporated by reference to Exhibit 10.13 to the Registrant’s Registration Statement on Form S-1 filed on June 18, 2026)
31.1*						Certification of the Principal Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*						Certification of the Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1^						Certifications of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


Exhibit Number						Exhibit Title
101						Unaudited Condensed Consolidated Financial Statements from the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, filed in interactive data file (formatted as Inline XBRL)
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

#						Certain of the exhibits and schedules to this exhibit have been omitted in accordance with Regulation S-K Item 601. The Registrant agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request.
+						Indicates a management contract or compensatory plan or arrangement.
*						Filed herewith.
^						Exhibit is furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


	Standard Nuclear, Inc.


August 27, 2026		/s/ Kevin J. Harrill

		Kevin J. Harrill
		Chief Financial Officer
		(Principal Financial and Accounting Officer)