Pillsbury Advises NANO Nuclear Energy Inc. on Acquisition of Secured Transportation Services LLC

NANO Nuclear acquired STS through its existing transportation subsidiary, Advanced Fuel Transportation Inc., for total consideration of up to $13 million. The consideration included $6 million paid in cash at closing, subject to customary adjustments, and $7 million in restricted shares of NANO Nuclear common stock to be issued in installments, with a portion subject to certain contractual conditions.

The acquisition marks an important step in NANO Nuclear’s strategy to become a vertically integrated nuclear energy company by adding critical nuclear fuel transportation and deployment capabilities to its operations.

By integrating STS, NANO Nuclear will be able to coordinate the transport of nuclear fuel and reactor systems from origin to deployment site, a capability that is expected to grow increasingly important as global demand for microreactors continues to rise.

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This transaction is another example of Pillsbury’s market-leading capabilities at the intersection of nuclear energy and corporate transactions, combining its premier Band 1-ranked nuclear energy practice with its nationally recognized M&A team to support clients across the rapidly evolving advanced nuclear sector.

The Pillsbury deal team was led by Energy partner Elina Teplinsky and Mergers & Acquisition counsel JP Cordon and included Corporate partners Stephen Ashley and Lillian Kim, senior associate Branden Lau, associate Mackenzie Pantoja and senior law clerk Nicholas Williams; Executive Compensation & Benefits partner Jessica Lutrin and senior associate Ryan Kenny; Employment Law partner Rebecca Carr Rizzo; Tax partner Nora Burke; Energy partners Vincent Zabielski and Sid Fowler and counsel M.C. Hammond; Intellectual Property special counsel Benjamin Kiersz; International Trade partner Benjamin Cote; and Real Estate associate Samuel Bucher.