FISN News & Events

Deep Fission announced the arrival of its prototype reactor canister at its Parsons, Kansas site, marking a key milestone in the Company's Proof-of-Concept Well program and its Gravity Nuclear Reactor development. The factory-built prototype canister completed fabrication, hydrostatic testing, and delivery to Kansas, representing tangible progress toward validating installation, infrastructure readiness, and operational sequencing for the Company's first commercial demonstration well. Following arrival at the Parsons site, the non-nuclear prototype reactor canister will be prepared for testing as Deep Fission continues preparation for its large diameter drilling program. The Company is advancing permitting with the Kansas Department of Health and Environment for the non-nuclear borehole, which is expected to serve as the next major proof-of-concept milestone.

Deep Fission announced it has signed Letters of Intent with data centers, co-developers, industrial parks, and strategic partners representing up to 18.5 gigawatts, GW, of potential generation capacity. "The growing pipeline is a testament to the urgent interest in our mile-deep deployment model," said Liz Muller, CEO and co-founder of Deep Fission. "Data center developers and other industrial partners need a solution that can be deployed quickly and then scaled rapidly - and the Gravity Nuclear Reactor is a good fit for those requirements."

Kardigan shares jumped on Thursday after the heart-health focused biotech raised $400M in an initial public offering. The stock opened at $16.25 and closed its first day of trade near $22 per share.LATEST IPOS AND DIRECT LISTINGS:Kardigan, a clinical-stage precision therapeutics company developing medicines that target cardiovascular diseases, opened at $16.25 on June 18 after having priced its upsized initial public offering of 25M ordinary shares at a public offering price of $16 per share. The deal size was increased to 25M from 23.3M shares and priced at the high end of the $14-$16 range.Deep Fissionopened at $16 on June 18 after the advanced nuclear energy company priced 2.5M shares at $16.00. The deal range was $16.00-$18.00. Deep Fission is developing small modular pressurized water reactors installed one mile underground.First Carolinaopened at $13.25 on June 18 after having priced 5.5M shares at $12.50. The deal priced below the $14.00-$16.00 target range. First Carolina Financial Services, the holding company for First Carolina Bank, intends to use the net proceeds from the offering for general corporate purposes, which may include supporting organic growth, potential acquisitions, refinancing of outstanding indebtedness, and working capital.PERFORMANCE:Prices as of 1:30 pm ET on Monday, June 22 -Kardigan - up $1.30 to $23.30Deep Fission - down $1.12 to $13.44First Carolina Financial Services - down 5c to $12.56RECENT IPOS TO WATCH:SpaceXand Conexeu Scienceshave already seen some coverage roll out, while AMASS Brandsand Optimi Healthare among stocks that could see new coverage shortly as the quiet periods for banks that underwrote the companies' IPOs expire.UPCOMING IPOS:Upcoming IPO and direct listings expected include Bending Spoons, Inspire Brands, and Tarsier Pharma. Clickto see the upcoming IPO calendar on TipRanks.Bending Spoons, a technology company whose main businesses include AOL, Brightcove, Eventbrite, Evernote, Harvest, komoot, Remini, StreamYard, Vimeo, and WeTransfer, announces that it has publicly filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its ordinary shares. The timing of the offering, number of shares to be offered, and the price range for the proposed offering have not yet been determined. Bending Spoons has applied to list its ordinary shares on the Nasdaq Global Select Market under the ticker symbol "BSP."Inspire Brandsannounced that it has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. Inspire Brands expects to use the net proceeds of the proposed offering to repay outstanding indebtedness under its existing term loan facility and pay offering fees and expenses.Tarsier Pharma Ltd.filed for an initial public offering of its ordinary shares and applied to list its ordinary shares on the NYSE American under the symbol "TARX". Tarsier is developing TRS01 and TRS02, novel product candidates based on dazdotuftide, a new molecule with a new mechanism of action for uveitis and uveitic glaucoma.Opening Day" is The Fly's recurring series of stories on the latest initial public offerings, their performance, and upcoming IPOs.

Deep Fission priced 2.5M shares at $16.00. The deal range was $16.00-$18.00. Benchmark, Seaport Research and Maxim acted as joint book running managers for the offering. Deep Fission is an advanced nuclear energy company developing small modular pressurized water reactors installed one mile underground.