Paris‑based nuclear developer Newcleo announced a merger with New York SPAC NewHold Investment Corp III, valuing the company at roughly $2.4 billion. The deal will lift Newcleo onto Nasdaq under the ticker NWCL and is slated to close in the second half of the year, and adds U.S. market access.

Newcleo operates in seven countries, including the United States, and is financing ongoing projects across Europe. Its public listing follows a wave of nuclear firms tapping capital markets to meet rising electricity demand driven by artificial‑intelligence workloads. The financing supports Newcleo’s push to certify next‑generation reactors, accelerating deployment.

The SPAC route sidesteps a traditional IPO, giving Newcleo quicker access to capital while exposing shareholders to market volatility. Investors will watch whether the infusion fuels the company’s rollout of small modular reactors and secures contracts in the U.S. power grid and regulatory landscape. The merger will officially list Newcleo on Nasdaq this year.