Overview
- TickerNNE on Nasdaq1
- IndustryElectric Services1
- HeadquartersNew York, New York1
- Incorporated inNV3
- Business address10 Times Square, 30Th Floor, New York, Ny 100183
- Filer category, Emerging growth company3
- Legal formCorporation
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Consent Assets, while also preserving our ability to progress the KRONOS project in Canada and facilitate the Canadian Consents.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| General and administrative | $29.6M | $6.9M |
| Research and development | $15.4M | $3.7M |
| Change in fair value of contingent consideration | $1.2M | -$66.0K |
| Loss from operations | -$46.2M | -$10.5M |
| Other income | $6.1M | $359.0K |
| Net loss | -$40.1M | -$10.2M |
| Basic | -$1.06 | -$0.39 |
| Diluted | -$1.06 | -$0.39 |
| Basic | 37.9M shares | 26.2M shares |
| Diluted | 37.9M shares | 26.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $203.3M | $28.5M | |
| Accounts receivable, net | $250.0K | ||
| Prepaid expenses | $902.9K | $833.9K | |
| Deposits, current | $250.0K | ||
| Total current assets | $204.7M | $29.3M | |
| Deferred offering costs | $300.0K | ||
| Deposits, non-current | $269.2K | $235.2K | |
| Property, plant and equipment, net | $9.8M | $1.7M | |
| Right-of-use assets | $2.6M | $1.8M | |
| Long-term investments, related party | $2.0M | $2.0M | |
| In-process research and development | $9.1M | ||
| Total assets | $228.7M | $35.1M | |
| Accounts payable and accrued liabilities | $1.3M | $761.5K | |
| Due to related parties | $25.0K | ||
| Lease liabilities, current | $534.1K | $281.4K | |
| Contingent consideration | $2.0M | $770.5K | |
| Total current liabilities | $3.8M | $1.8M | |
| Lease liabilities, non-current | $2.3M | $1.7M | |
| Total liabilities | $6.1M | $3.5M | |
| Common stock, $0.0001 par value; 275,000,000 authorized as of September 30, 2025 and September 30, 2024; 41,738,358 and 30,715,663 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively | $4.2K | $3.1K | |
| Additional paid-in capital | $280.1M | $49.0M | |
| Accumulated deficit | -$57.5M | -$17.4M | |
| Total stockholders equity | $222.6M | $31.6M | $2.0M |
| Total liabilities and stockholders equity | $228.7M | $35.1M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 25.0M shares | 25.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 275.0M shares | 275.0M shares | |
| Common stock, shares issued | 41.7M shares | 30.7M shares | |
| Common stock, shares outstanding | 41.7M shares | 30.7M shares |
| Period ending | 2025-09-30 | 2024-09-30 | 2023-09-30 |
|---|---|---|---|
| Cash and cash equivalents | $203.3M | $28.5M | |
| Accounts receivable, net | $250.0K | ||
| Prepaid expenses | $902.9K | $833.9K | |
| Deposits, current | $250.0K | ||
| Total current assets | $204.7M | $29.3M | |
| Deferred offering costs | $300.0K | ||
| Deposits, non-current | $269.2K | $235.2K | |
| Property, plant and equipment, net | $9.8M | $1.7M | |
| Right-of-use assets | $2.6M | $1.8M | |
| Long-term investments, related party | $2.0M | $2.0M | |
| In-process research and development | $9.1M | ||
| Total assets | $228.7M | $35.1M | |
| Accounts payable and accrued liabilities | $1.3M | $761.5K | |
| Due to related parties | $25.0K | ||
| Lease liabilities, current | $534.1K | $281.4K | |
| Contingent consideration | $2.0M | $770.5K | |
| Total current liabilities | $3.8M | $1.8M | |
| Lease liabilities, non-current | $2.3M | $1.7M | |
| Total liabilities | $6.1M | $3.5M | |
| Common stock, $0.0001 par value; 275,000,000 authorized as of September 30, 2025 and September 30, 2024; 41,738,358 and 30,715,663 shares issued and outstanding as of September 30, 2025 and September 30, 2024, respectively | $4.2K | $3.1K | |
| Additional paid-in capital | $280.1M | $49.0M | |
| Accumulated deficit | -$57.5M | -$17.4M | |
| Total stockholders equity | $222.6M | $31.6M | $2.0M |
| Total liabilities and stockholders equity | $228.7M | $35.1M | |
| Preferred stock, par value | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 25.0M shares | 25.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 275.0M shares | 275.0M shares | |
| Common stock, shares issued | 41.7M shares | 30.7M shares | |
| Common stock, shares outstanding | 41.7M shares | 30.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Net loss | -$40.1M | -$10.2M |
| Equity-based compensation | $18.8M | $320.3K |
| Amortization of right-of-use assets | $295.6K | $96.5K |
| Depreciation | $355.2K | $10.4K |
| R&D acquisition paid-in equity | $786.5K | |
| Changes in fair value of contingent liability | $1.2M | |
| Prepaid expenses | -$68.9K | -$628.1K |
| Deposits | -$284.0K | -$235.2K |
| Accounts receivable | -$250.0K | |
| Accounts payable and accrued liabilities | $553.1K | $571.5K |
| Due to related parties | -$25.0K | -$10.0K |
| Lease liabilities | -$162.5K | $5.1K |
| Contingent liability | $770.5K | |
| Net cash used in operating activities | -$19.6M | -$8.5M |
| In-process research and development | -$9.1M | |
| Increase in long-term investments | -$2.0M | |
| Additions to property, plant and equipment | -$8.4M | -$1.7M |
| Net cash used in investing activities | -$17.5M | -$3.7M |
| Proceeds from common stock issuances | $206.4M | $35.0M |
| Offering costs | -$15.1M | -$3.6M |
| Proceeds from exercise of warrants | $18.5M | $1.3M |
| Proceeds from exercise of stock options | $2.4M | $1.0M |
| Payment of deferred offering costs | -$300.0K | |
| Net cash provided by financing activities | $211.9M | $33.7M |
| Net increase in cash | $174.8M | $21.6M |
| Inception of Right-of-Use Asset / Lease Liability | $1.0M | $1.9M |
No quarter-by-quarter statement was filed.
Corporate structure
Nano Nuclear Energy Inc. sits at the top of its group. 8 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Nano Nuclear Energy Inc.
- VAN ECK ASSOCIATES CORP Filed SCHEDULE 13G/A on Nano Nuclear Energy Inc., latest Aug 14, 2026 (2 filings since Nov 12, 2025)
- BlackRock Filed SCHEDULE 13G/A on Nano Nuclear Energy Inc., latest Jul 29, 2026 (2 filings since Oct 17, 2025)
- Global X Management CO LLC Filed SCHEDULE 13G on Nano Nuclear Energy Inc., latest May 15, 2026
- Citadel Securities GP LLC Filed SCHEDULE 13G/A on Nano Nuclear Energy Inc., latest Feb 17, 2026 (2 filings since Oct 21, 2025)
- I Financial Ventures Group LLC Filed SCHEDULE 13G/A on Nano Nuclear Energy Inc., latest Feb 4, 2026 (3 filings since Feb 13, 2025)
- Nano Nuclear Energy Inc. New York, New York
- Advanced Fuel Transportation Inc. Subsidiary · Nevada, United States
- American Uranium Inc. Subsidiary · Nevada, United States
- HALEU Energy Fuel Inc. Subsidiary · Nevada, United States
- Kronos MMR Inc. Subsidiary · Nevada, United States
- LOKI MMR Inc. Subsidiary · Nevada, United States
- Nano Nuclear Space Inc. Subsidiary · Nevada, United States
- True North Nuclear Ltd. Subsidiary · Canada
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Nano Nuclear Energy Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Land | $3.5M6 Jul 31, 2025 | $1.7M6 Aug 31, 2024 | +105.9% |
| Property and equipment, net | $9.8M6 Sep 30, 2025 | $1.7M6 Sep 30, 2024 | +479.1% |
| Operating-lease assets (leased space) | $2.6M6 Sep 30, 2025 | $1.8M6 Sep 30, 2024 | +39.9% |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $203.3M6 Sep 30, 2025 | $28.5M6 Sep 30, 2024 | +613.0% |
| Stakes in other companies (equity method) | $2.0M6 Sep 30, 2025 | $2.0M6 Sep 30, 2024 | 0% |
| Long-term investments | $2.0M6 Sep 30, 2025 | $2.0M6 Sep 30, 2024 | 0% |
Properties, in its own words
Our principal executive office, including our headquarters, is located at 10 Times Square, 30th Floor, New York, NY 10018, covering approximately 7,800 square feet. We lease this office under a long-term lease commencing from April 1, 2024 through July 31, 2031, with the monthly lease rent of $33,605 to be increased by 2.5% on an annual basis.
In August 2024, we purchased a 1.64-acre land package in the historic Heritage Center Industrial Park in Oak Ridge, Tennessee for $1.7 million. The purchase includes a 14,000 sq. ft., 2-story building to house our Nuclear Technology Branch. Situated in a world-class location for innovative nuclear technology research and development, this facility will serve as the central hub for our advanced nuclear technology design and engineering capabilities. The Nuclear Technology Branch is near the Oak Ridge National Laboratory, the Spallation Neutron Source, the National Transportation Research Center, and The University of Tennessee’s Center of Excellence in Engineering.
The rest of Item 2
In January 2025, we entered into a lease for a facility of approximately 6,800 sq. ft. in Westchester County, New York where we have established a purpose-built facility to assemble and demonstrate the operation and viability of several non-nuclear parts and components of our nuclear microreactors in development. We lease this space under a long-term lease commencing from January 1, 2025 to December 31, 2030, with the monthly lease rent of $17,000 to be increased by 2.5% on an annual basis.
In July 2025, we purchased a 2.75-acre land package in Oak Brook, Illinois for $3.5 million. The purchase included a 23,537 sq. ft. building to serve as a regional demonstration and office facility to support the development of our KRONOS MMR™ Microreactor Energy System.
Item 2 of the 10-K filed Dec 18, 2025.5
Leadership
Who has led Nano Nuclear Energy Inc., and when. Pick a name to see everywhere that person has worked.
Chair
Chief financial officer
- ChairJiang Yu Mar 17, 2025 to now10
- PresidentRoy Alan Boyd Ii. Jun 1, 2026 to now11
- PresidentJiang Yu May 6, 2024 to Jun 1, 202612
- Chief financial officerJaisun Garcha May 6, 2024 to now13
Board members and other officers (7)
- Chief Technology OfficerFlorent Heidet Mar 18, 2025 to now14
- Chief Policy OfficerWinston Khun Hunn Chow May 6, 2024 to May 6, 202415
- Board memberSeth Jason Berl Jun 25, 2025 to now16
- Board memberDiane Elizabeth Hare May 6, 2024 to now17
- Board memberJiang Yu May 6, 2024 to May 6, 202412
- Board memberKenny Joe Yung Yu May 6, 2024 to now18
- Board memberTsun Yee Law May 6, 2024 to now19
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive Officer, DirectorJames Walker named Jun 8, 2023 to Jan 23, 202420
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Advanced Fuel Transportation Inc. Nevada4
- American Uranium Inc. Nevada4
- HALEU Energy Fuel Inc. Nevada4
- Kronos MMR Inc. Nevada4
- LOKI MMR Inc. Nevada4
- Nano Nuclear Space Inc. Nevada4
- True North Nuclear Ltd. Canada4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Oct 2, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure21
- Sep 17, 20268-K Shareholder vote22
- Aug 13, 20268-K Other events23
- Jun 25, 20268-K Executive or director change24
- Jun 25, 20268-K Other events25
- May 29, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares26
- May 20, 20268-K Other events27
- May 15, 20268-K Other events28
- Apr 9, 20268-K Other events29
- Apr 8, 20268-K Other events30
- Apr 6, 20268-K Other events31
- Feb 5, 20268-K Executive or director change32
Filings
220 filings to the SEC since October 2021: 2 annual reports, 8 quarterly reports, 30 major events, 69 insider forms, 10 large holders, 4 private raises, 97 other. The latest 20:
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 20264 EDGAR
- Oct 2, 20268-K EDGAR
- Sep 17, 20268-K EDGAR
- Sep 3, 2026144 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 3, 20264 EDGAR
- Sep 1, 2026144 EDGAR
- Sep 1, 2026144 EDGAR
- Aug 26, 20264/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20268-K EDGAR
- Aug 12, 202610-Q EDGAR
- Jul 29, 2026SCHEDULE 13G/A EDGAR
The 220 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
29 open-market trades by officers, directors and large owners since October 2021: 0 buys and 29 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 3, 2026 | Walker James JohnChief Executive Officer | Sale | 25,000 | $17.77 | $444.2K | Form 4 |
| Sep 2, 2026 | Yu JiangPresident and Chairman | Sale | 141,931 | $17.48 | $2.5M | Form 4 |
| Sep 1, 2026 | Yu JiangPresident and Chairman | Sale | 332,569 | $17.45 | $5.8M | Form 4 |
| Sep 1, 2026 | Walker James JohnChief Executive Officer | Sale | 25,000 | $17.44 | $436.0K | Form 4 |
| Jun 5, 2026 | Heidet FlorentChief Technology Officer | Sale | 3,000 | $24.95 | $74.8K | Form 4 |
| Jun 5, 2026 | Berl Seth JasonDirector | Sale | 3,750 | $24.92 | $93.5K | Form 4 |
| Jun 3, 2026 | Hare Diane ElizabethDirector | Sale | 3,428 | $26.64 | $91.3K | Form 4 |
| Jun 3, 2026 | Walker James JohnChief Executive Officer | Sale | 123,688 | $26.49 | $3.3M | Form 4 |
| Jun 3, 2026 | Yu JiangPresident and Chairman | Sale | 745,900 | $26.68 | $19.9M | Form 4 |
| Jun 3, 2026 | Garcha JaisunChief Financial Officer | Sale | 37,215 | $26.48 | $985.5K | Form 4 |
| Jun 3, 2026 | I Financial Ventures Group LLC10% owner | Sale | 700,000 | $26.68 | $18.7M | Form 4 |
| Mar 2, 2026 | Berl Seth JasonDirector | Sale | 3,664 | $27.69 | $101.5K | Form 4 |
| Jan 29, 2026 | Yu JiangPresident and Chairman | Sale | 121,339 | $31.78 | $3.9M | Form 4 |
| Jan 29, 2026 | I Financial Ventures Group LLC10% owner | Sale | 121,339 | $31.78 | $3.9M | Form 4 |
| Jan 28, 2026 | Yu JiangPresident and Chairman | Sale | 766,661 | $34.14 | $26.2M | Form 4 |
| Jan 28, 2026 | I Financial Ventures Group LLC10% owner | Sale | 766,661 | $34.14 | $26.2M | Form 4 |
| Jan 28, 2026 | Walker James JohnChief Executive Officer | Sale | 195,000 | $34.04 | $6.6M | Form 4 |
| Jan 28, 2026 | Garcha JaisunChief Financial Officer | Sale | 75,000 | $34.04 | $2.6M | Form 4 |
| Jan 5, 2026 | Hare Diane ElizabethDirector | Sale | 20,000 | $28.70 | $574.1K | Form 4 |
| Dec 29, 2025 | Yu JiangPresident and Chairman | Sale | 176,457 | $27.03 | $4.8M | Form 4 |
All 29 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- VAN ECK ASSOCIATES CORPSCHEDULE 13G/A, 2 filings Nov 12, 2025 to Aug 14, 202633
- BlackRockSCHEDULE 13G/A, 2 filings Oct 17, 2025 to Jul 29, 202634
- Global X Management CO LLCSCHEDULE 13G, 1 filing May 15, 202635
- Citadel Securities GP LLCSCHEDULE 13G/A, 2 filings Oct 21, 2025 to Feb 17, 202636
- I Financial Ventures Group LLCSCHEDULE 13G/A, 3 filings Feb 13, 2025 to Feb 4, 202637
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Jay Jiang Yu | 45 | $496.7K | $11.2M38 |
| 2025 | James Walker | 43 | $300.0K | $9.3M38 |
| 2025 | Florent Heidet | $208.3K | $8.0M38 | |
| 2025 | Jaisun Garcha | 46 | $200.0K | $5.1M38 |
| 2024 | PresidentSecretary, and Chairman of the Board of Directors | $390.0K38 | ||
| 2024 | Chief Executive Officer and Director | $185.0K38 | ||
| 2024 | Chief Financial Officer | $170.0K38 | ||
| 2023 | PresidentSecretary, and Chairman of the Board of Directors | $317.7K | $542.7K38 | |
| 2023 | Chief Executive Officer and Director | $317.7K | $407.7K38 | |
| 2023 | Chief Financial Officer | $77.8K | $167.8K38 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Jan 8, 2024Raised $2.2 million in a private offering of equity Form D: 14 investors so far Form D
- Jun 2, 2023Raised $1.9 million in a private offering of equity Form D: 12 investors so far Form D
- Feb 8, 2023Raised $3.7 million in a private offering of equity Form D: 56 investors so far Form D
- Apr 11, 2022Raised $290,000 in a private offering of equity Form D: 18 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Van Eck Associates Corp | 3,819,847 | $80.8M | 0.0% | +810,022 |
| BlackRock, Inc. | 3,492,260 | $73.8M | 0.0% | +572,797 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,053,865 | $64.6M | 0.1% | +45,674 |
| Vanguard Capital Management LLC | 1,717,005 | $36.3M | 0.0% | +63,964 |
| Geode Capital Management, LLC | 1,102,082 | $23.3M | 0.0% | +169,502 |
| State Street Corp | 1,034,598 | $21.9M | 0.0% | +157,924 |
| UBS Group AG | 742,356 | $15.7M | 0.0% | +72,324 |
| Morgan Stanley | 645,963 | $13.7M | 0.0% | +64,379 |
| Exchange Traded Concepts, LLC | 607,131 | $12.8M | 0.1% | +19,344 |
| Northern Trust Corp | 372,231 | $7.9M | 0.0% | +45,790 |
| Vanguard Portfolio Management LLC | 342,472 | $7.2M | 0.0% | +59,069 |
| Charles Schwab Investment Management Inc | 287,211 | $6.1M | 0.0% | −23,100 |
| LPL Financial LLC | 267,503 | $5.7M | 0.0% | +6,349 |
| Vanguard Fiduciary Trust Co | 256,606 | $5.4M | 0.0% | −2,120 |
| Bnp Paribas Financial Markets | 247,368 | $5.2M | 0.0% | +166,120 |
| Wells Fargo & Company/mn | 184,444 | $3.9M | 0.0% | +31,974 |
| Lido Advisors, LLC | 171,932 | $3.6M | 0.0% | No change |
| Tidal Investments LLC | 159,248 | $3.4M | 0.0% | +102,458 |
| Regal Partners Ltd | 142,033 | $3.0M | 0.2% | −836,168 |
| Defiance ETFs, LLC | 144,289 | $3.0M | 0.0% | +95,305 |
| Two Sigma Investments, LP | 134,565 | $2.8M | 0.0% | −154,243 |
| Bank of New York Mellon Corp | 133,098 | $2.8M | 0.0% | +24,663 |
| Goldman Sachs Group Inc | 130,656 | $2.8M | 0.0% | −152,566 |
| Group One Trading LLC | 103,713 | $2.2M | 0.1% | −4,630 |
| Nuveen, LLC | 102,184 | $2.2M | 0.0% | +19,519 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Nano Nuclear Energy Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNano Nuclear Energy Inc.1
- CIK0001923891
- Employer ID (EIN)88-08619775
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company5
- Incorporated inNevada5
- Fiscal year endsSeptember 301
- Industry code (SIC)4911 Electric Services1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address10 Times Square, 30Th Floor, New York, NY 100181
- Phone60468757921
- Shares outstanding53,698,146 as of Aug 10, 20262
- Public float$703.8M as of Mar 31, 20255
- AuditorWithumSmith+Brown, PC, New York, New York PCAOB ID 100; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceApr 27, 20221
- Filings220 in all: 4 (57), 8-K (30), 144 (19), CORRESP (17), UPLOAD (12), 3 (11), 10-Q (8), EFFECT (6)1
All 31 form types
S-3/A (6), 424B4 (5), SCHEDULE 13G (5), SCHEDULE 13G/A (5), D (4), S-1 (4), S-1/A (4), 424B3 (3), DRS (3), 10-K (2), DEF 14A (2), FWP (2), S-1MEF (2), S-3 (2), S-8 (2), SEC STAFF LETTER (2), 4/A (1), 424B5 (1), 8-A12B (1), CERT (1), DEFA14A (1), DRS/A (1), DRSLTR (1)
- Latest filingsAnnual report (10-K) Dec 18, 2025
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) Jul 28, 2026
Latest 8-K (8-K) Oct 2, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.0001 per share | NNE | Nasdaq |
From the cover page of the 10-K filed Dec 18, 2025 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Nano Nuclear Energy Inc. names in Item 1A of its 10-K filed Dec 18, 2025: 42 risks under these headings, as written.5
- Risks Related to Our Industry and Business
- We have incurred losses and have not generated any revenue since our inception. We anticipate that we will continue to incur losses, and expect that we will not generate meaningful revenue for the foreseeable future.
- We are a pre-revenue company in an emerging market with an unproven business model, new and unproven technologies, and a short operating history, which makes it difficult to evaluate our current business and prospects and may increase the risk of your investment.
- Our business plans will require us to raise substantial additional amounts of capital. Future capital needs will require us to sell additional equity or debt securities that will dilute or subordinate the rights of our common stockholders. In addition, we may be unable to secure government grants as part of our funding strategy.
- We and our officers and directors are presently parties to securities law and fiduciary duty lawsuits relating to our public statements made since our initial public offering. Our reputation may be damaged by these suits, and if we are unable to have them dismissed or should we receive adverse outcomes, our business and results of operations may suffer, including as a result of our indemnification obligations to our directors and officers.
- The failure of production and commercialization of nuclear micro reactors as planned, including within the timelines we currently anticipate, will adversely and materially affect our business, financial condition, and result of operations.
- We are in the process of developing nuclear fuel facilities designed to supply products and materials necessary for the successful operation of the growing advanced nuclear energy industry. The failure of completion and operation of any such facility as planned will adversely and materially affect our business, financial condition, and result of operations.
- We plan to produce a regulatorily licensed, high-capacity HALEU transportation system, capable of moving commercial quantities of HALEU fuel around North America and worldwide. The failure of production and commercialization of such products as planned will adversely and materially affect our business, financial condition, and result of operations.
- We aim to provide nuclear service support and consultation services for the expanding and resurgent nuclear energy industry, both domestically and internationally. Failure to do so as planned will adversely and materially affect our business, financial condition, and result of operations.
- We have undertaken and will continue to pursue strategic acquisitions. These acquisitions may be difficult to consummate and integrate and may create losses for us or not provide us with the anticipated benefits. We may not be able to successfully integrate our previous and future acquisitions or generate sufficient revenues or earnings from future acquisitions, which could cause our business to suffer.
- If we experience significant fluctuations in our operating results and rate of growth and fail to meet revenue and earnings expectations, our stock price may fall rapidly and without advance notice.
- Federal budget delays, federal debt ceiling limitations, or reductions in government spending could adversely impact government spending for the products and services we provide.
The other 31 risks
- The cost of electricity generated from nuclear sources may not be cost competitive with other electricity generation sources in some markets, which could materially and adversely affect our business.
- The market for SMRs generating nuclear power is not yet established and may not achieve the growth potential we expect or may grow more slowly than expected.
- We may be unable to manage our future growth effectively, which could make it difficult to execute our business strategy.
- We and our target customers operate in a politically sensitive environment, and the public perception of nuclear energy can affect our target customers and us.
- Risks Related to Our Intellectual Property
- If we fail to develop, gain approval for, protect or enforce our intellectual property or proprietary rights, our business and operating results could be harmed.
- We rely on our unpatented proprietary technology, trade secrets, designs, experiences, workflows, data, processes, software and know-how.
- We may be accused of infringing intellectual property rights of third parties and be subject to content restrictions under relevant laws, which may materially and adversely affect our business, financial condition and results of operations.
- Risks Related to Regulation and Compliance
- We are subject to U.S. and foreign anti-corruption and anti-money laundering laws and regulations. We can face criminal liability and other serious consequences for violations, which can harm our business.
- If we fail to comply with the laws and regulations relating to the collection of sales tax and payment of income taxes in the various states in which we do business, we could be exposed to unexpected costs, expenses, penalties and fees as a result of our non-compliance, which could harm our business.
- General Risks Associated with Our Company
- We are highly dependent on our senior management team and other highly skilled personnel. If we are unable to attract, retain and maintain highly qualified personnel, including our senior management team, we may not be able to implement our business strategy and our business and results of operations could be harmed.
- Mr. Jay Jiang Yu, our President, Secretary, Treasurer, and Chairman of the Board, has a significant influence over our company due to his ownership of a material percentage of our outstanding common stock. Also, his interests may not always be aligned with the interests of our other stockholders, which may lead to conflicts of interest that harm our company.
- Failure to establish and maintain effective internal control in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and stock price.
- Our ability to effectively manage our anticipated growth and expansion of our operations will also require us to enhance our operational, financial and management controls and infrastructure, human resources policies and reporting system. These enhancements and improvements will require significant capital expenditures and allocation of valuable management and employee resources.
- We are subject to cybersecurity risks.
- We will continue to incur significantly increasing costs as a result of, and devote substantial management time to operating as, a public company.
- We are an “emerging growth company,” and we cannot be certain if the reduced reporting and disclosure requirements applicable to emerging growth companies will make our common stock less attractive to investors.
- If our estimates or judgments relating to our critical accounting policies prove to be incorrect, our results of operations could be adversely affected.
- Our current insurance coverage may not be adequate, and we may not be able to obtain insurance at acceptable rates, or at all.
- Risks Related to Ownership of Our Common Stock
- The trading market for our common stock is relatively new, and consistently robust and liquid trading market may not develop or be sustained over the long term.
- The trading price of our common stock has been and may continue to be volatile, and you could lose all or part of your investment.
- If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our stock price and trading volume could decline.
- Future sales of our securities or warrants exercisable for our common stock may depress our stock price.
- Our failure to meet the continued listing requirements of Nasdaq could result in a delisting of our common stock.
- Our directors, executive officers and principal stockholders have substantial control over us and could delay or prevent a change of corporate control.
- If we issue equity securities in the future, your ownership in us could be diluted.
- Sales of a significant number of shares of our common stock in the public markets, or the perception that such sales could occur, could depress the market price of our common stock.
- We have a limited number of authorized shares of our common stock available for issuance which may limit our ability to issue securities in connection with capital raises, for acquisitions or strategic partnerships or as compensation to our employees and directors in the future, unless we obtain stockholder approval to amend our amended articles of incorporation, referred to herein as our charter. Our inability to issue shares of our common stock could materially adversely affect our business and strategy.
- Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our financial condition and results of operations.
- Anti-takeover provisions in Nevada law could discourage, delay or prevent a change in control of our company and may affect the trading price of our common stock.
- We have never paid dividends on our capital stock, and we do not anticipate paying dividends for the foreseeable future.
- Our bylaws designate certain courts as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
Legal proceedings
On August 9, 2024, a putative securities class action lawsuit was filed against us and certain of our officers in the United States District Court for the Southern District of New York, captioned Yvette Yang v. Nano Nuclear Energy Inc., et al., No. 1:24-cv-06057 (S.D.N.Y.). On October 28, 2024, the court entered an order appointing Hongyu Xie as lead plaintiff. On January 6, 2025, lead plaintiff filed an amended complaint, naming as defendants the Company, Jay Yu, James Walker, and Jaisun Garcha. The amended complaint asserts claims for alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of persons who purchased or otherwise acquired our securities from May 8, 2024 through July 30, 2024. The claims in the amended complaint relate to statements made by us and/or our directors or officers concerning the Company’s business and prospects, including our progress toward development of nuclear microreactors and fuel manufacturing facilities. On February 21, 2025, all defendants filed a motion to dismiss the amended complaint pursuant to Rules 12(b)(6) and 9(b) of the Federal Rules of Civil Procedure, for failure to state a claim upon which relief can be granted. On February 24, 2025, the court sua sponte entered an order permitting lead plaintiff to file a second amended complaint or stand on her amended complaint. On March 14, 2025, lead plaintiff filed a second amended complaint, asserting the same claims asserted in the amended complaint. On April 11, 2025, all defendants filed a motion to dismiss the second amended complaint pursuant to Rules 12(b)(6) and 9(b) of the Federal Rules of Civil Procedure, for failure to state a claim upon which relief can be granted. A hearing on the motion has not been scheduled. We dispute the allegations in the amended complaint and intend to defend the case vigorously.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 10SEC EDGARJiang Yu, Chair
- 11SEC EDGARRoy Alan Boyd Ii., President
- 12SEC EDGARJiang Yu, President
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- 16SEC EDGARSeth Jason Berl, Board member
- 17SEC EDGARDiane Elizabeth Hare, Board member
- 18SEC EDGARKenny Joe Yung Yu, Board member
- 19SEC EDGARTsun Yee Law, Board member
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- 22SEC EDGARShareholder vote
- 23SEC EDGAROther events
- 24SEC EDGARExecutive or director change
- 25SEC EDGAROther events
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- 27SEC EDGAROther events
- 28SEC EDGAROther events
- 29SEC EDGAROther events
- 30SEC EDGAROther events
- 31SEC EDGAROther events
- 32SEC EDGARExecutive or director change
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