US nuclear energy company Standard Nuclear files for IPO

BlockBeats News, June 19, according to Bloomberg, Standard Nuclear Inc. located in Oak Ridge, Tennessee, is a nuclear reactor fuel manufacturer. With the ongoing increase in power demand driven by the artificial intelligence boom, the company has filed for its initial public offering (IPO).

According to documents filed with the U.S. Securities and Exchange Commission (SEC), the company reported a net loss of $7.71 million and revenue of $593,800 for the three months ending on March 31, compared to a net loss of $8.29 million and revenue of $377,900 for the same period last year.

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