• NuCube Energy, Inc. ("NuCube" or the "Company") is an advanced-nuclear technology company developing factory-built, solid-state microreactors that deliver firm, carbon-free power or high-temperature process heat.
  • NuCube, in partnership with Idaho State University, was selected in April 2026 as one of the 11 modular nuclear reactor companies in the country to participate in the U.S. Department of Energy's (DOE) Nuclear Energy Launch Pad USA program. The program provides the Company with access to federal infrastructure, specialized technical expertise, and vital regulatory support to advance the reactor’s development from design to operation through DOE authorization.
  • NuCube is targeting a capital-efficient path to a first-of-a-kind deployment in 2029, pursuing DOE authorization ahead of conversion to a U.S. Nuclear Regulatory Commission commercial license, expected to be accelerated by the May 2025 federal executive orders on nuclear energy.
  • NuCube’s NuSun™ platform uses TRISO (Tri-Structural Isotropic) fuel, widely regarded as the most robust fuel in the nuclear industry today, and features a passively safe, heat-pipe-cooled, solid-state design with no pumps, pressurizers, or pressure vessels - reaching output temperatures up to ~1,100°C, a range that addresses more than 90% of the industrial heat market.
  • The platform can be deployed in two configurations - the ~1.3 MWe NuSun-1 and ~15 MWe NuSun-15 - that are designed to serve three large markets: microgrids, industrial process heat, and behind-the-meter data-center power.
  • The transaction values NuCube at a pre-money equity value of approximately $500 million and is expected to generate gross proceeds of up to approximately $125 million, combining anticipated Private Investment in Public Equity ("PIPE") financing and cash held in Launch Two Acquisition Corp. ("Launch Two")’s trust account, subject to redemptions and transaction expenses. Hennessy Capital Group, LLC, through affiliates, is participating as a co-sponsor of the Transaction.
  • The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including approval by Launch Two’s shareholders and NuCube’s stockholders, and applicable regulatory approvals. The combined company intends to list on Nasdaq or NYSE upon closing.

Idaho Falls, Idaho & Oakland, California, June 25, 2026 (GLOBE NEWSWIRE) -- NuCube Energy, Inc. ("NuCube"), an advanced-nuclear technology company productizing factory-built microreactors, and Launch Two Acquisition Corp. (NASDAQ:LPBB) a special purpose acquisition company, ("Launch Two" collectively, the "Parties"), today announced that they have entered into a definitive business combination agreement (the "Transaction" or the "Business Combination") that would result in NuCube becoming a publicly listed company. Upon closing, the combined company is expected to be listed on Nasdaq or NYSE.