February 10, 2025 – Berkeley, CA — Seaport Global’s Investment Banking team, led by Global Head of Capital Markets, Jack Mascone, and Head of Equity Capital Markets, Mike Kelly, advised Deep Fission as Joint Lead Placement Agent on the deal. Deep Fission, Inc. (“Deep Fission” or the “Company”) is an advanced nuclear energy company pioneering the deployment of small modular pressurized water reactors (SMRs) installed in deep underground boreholes approximately one mile underground.
The financing was completed through the offer and sale of 5,333,333 restricted shares of common stock at a fixed price of $15.00 per share. Seaport Global Securities and The Benchmark Company acted as agents for the private placement.
In addition to the financing, Deep Fission has formed a new strategic relationship with Blue Owl Capital’s Real Assets platform, a leading alternative asset manager. The companies will collaborate to deploy Deep Fission SMR projects for Blue Owl’s digital infrastructure portfolio, bringing new round-the-clock clean power to U.S. electricity grids and helping to commercialize the next generation of advanced nuclear and AI technologies. A Blue Owl-managed fund participated in the financing.
“We are thrilled to complete this latest funding round and to welcome Blue Owl as a new strategic relationship,” said Liz Muller, Co-Founder and CEO of Deep Fission. “These milestones will bolster Deep Fission’s pursuit of scalable clean energy deployments and enable us to demonstrate what’s possible with next-generation nuclear technology.”
About Deep Fission
Deep Fission is revolutionizing the energy landscape with innovative technology that places a small modular pressurized water reactor in a borehole one mile underground. Founded and led by a team of seasoned scientists, engineers, and entrepreneurs, the Company is committed to delivering safe, reliable, and affordable low-carbon power at scale. Deep Fission was recently selected for the Department of Energy’s new Reactor Pilot Program and is targeting criticality by July 2026. Deep Fission was founded in 2023 by father-daughter team Elizabeth and Richard Muller.
You may access the entire press release via the link below:
About Seaport Global
Seaport Global Holdings LLC is a leading capital markets firm, providing robust sales, trading and research services and the resources of a full-service investment bank. Seaport Global combines its extensive knowledge, solid relationships, and deep distribution platform to serve its clients’ most unique business requirements. The firm is headquartered in New York with offices across the US and Europe. Visit www.seaportglobal.com to learn more.
Contact
Joan Nash Wade
Corporate Affairs Director
Seaport Global Holdings LLC
212 616.7735
jwade@seaportglobal.com
*A link to a third-party website does not imply sponsorship, approval, affiliation, or endorsement by Seaport Global Holdings LLC