Nuclear energy company Deep Fission completes a $30m private placement offering through a reverse merger with Surfside Acquisition, forming a new entity. Deep Fission was chosen by the US DoE for President Trump’s Nuclear Reactor Pilot Program, aiming to achieve criticality by 2026 and subsequent commercialization.

Deep Fission’s innovative reactor design focuses on safety and cost-efficiency, utilizing off-the-shelf components and low-enriched uranium while siting reactors underground for natural shielding. The company aims for a competitive levelized cost of electricity of 5¢ to 7¢ per kilowatt hour, with plans to scale rapidly to meet energy demands.

With 24 pending patent applications and over 40 unique innovations, Deep Fission now operates as a publicly accountable entity under the Securities Exchange Act of 1934. CEO Liz Muller sees this as a pivotal moment for the nuclear industry, poised to address global energy needs efficiently and profitably, particularly for AI data centers.

Read more at Yahoo Finance: Deep Fission goes public with $30m private placement offering