July 24, 2025 – Berkley, CA — Seaport Global’s Investment Banking team, led by Global Head of Capital Markets Jack Mascone, advised Deep Isolation Nuclear, Inc as Joint Lead Placement Agent on the deal.
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.
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 shares and apply to have its shares approved for quotation on the OTCQB market.
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