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Global Nuclear Waste Disposal Innovator Deep Isolation Announces Go-Public Transaction and Oversubscribed $33 Million Financing
Deep Isolation’s deep borehole technology will deliver a safe, scalable, and cost-effective solution for nuclear waste disposal — addressing the global need to move spent fuel from temporary above-ground storage to permanent disposal Most recent financing will fund the development of a full-scale demonstration project to validate the safety and feasibility of the solution Deep Isolation has developed an extensive intellectual property portfolio, with 87 issued patents across multiple countries,
About this update from Kanadevia Corporation
[{"type":"image","alt":"Deep Isolation","displaySize":"","headline":null,"caption":"Deep Isolation","className":"","disableSlideshowImg":false,"size":{"original":{"width":284,"height":94,"url":"https://media.zenfs.com/en/globenewswire.com/c13598fbb4180ddcb109d41b6cc0a3ac"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/P.lsBeSlDXkKzaleBnwPOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzOTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c13598fbb4180ddcb109d41b6cc0a3ac","width":284,"height":94}},"lazy":false},{"type":"text","content":"Deep Isolation’s deep borehole technology will deliver a safe, scalable, and cost-effective solution for nuclear waste disposal — addressing the global need to move spent fuel from temporary above-ground storage to permanent disposal","length":233,"tagName":"p"},{"type":"text","content":"Most recent financing will fund the development of a full-scale demonstration project to validate the safety and feasibility of the solution ","length":140,"tagName":"p"},{"type":"text","content":"Deep Isolation has developed an extensive intellectual property portfolio, with 87 issued patents across multiple countries, and has established strategic customer and/or supply chain relationships with leading companies across the nuclear energy industry","length":255,"tagName":"p"},{"type":"text","content":"BERKELEY, Calif., July 24, 2025 (GLOBE NEWSWIRE) -- Deep Isolation Nuclear, Inc., a leading innovator in nuclear waste disposal technology, announced that on July 23, 2025, it closed a reverse merger transaction, as a result of which it acquired Deep Isolation, Inc. (Deep Isolation Nuclear, formerly known as Aspen-1 Acquisition Inc., and its subsidiaries, including Deep Isolation after the merger, "Deep Isolation" or the "Company"). Concurrently with the closing of the merger, it also closed an oversubscribed financing through a private placement of its common stock (raising $33 million). After giving effect to the merger and financing, the stockholders of Deep Isolation, Inc. hold a majority of the outstanding shares of Common Stock of the Company.","length":779,"tagName":"p"},{"type":"text","content":"Deep Isolation is subject to the public reporting requirements of the Securities Exchange Act of 1934, as amended. It intends to file a resale registration statement on Form S-1 with the SEC to register its outstanding s...