ECMSource Deal & Dilution Tracker · STDN
The final IPO was 10 million shares, not 11.5 million
Standard Nuclear, Inc. sold 10,000,000 new Class A shares at $15 in its July 2026 IPO. Its underwriters had the option to buy another 1,500,000 shares, but the subsequent SEC filing says that option expired unexercised. Counting those optional shares as completed issuance would overstate both the proceeds and the share increase.
Status: Closed July 17, 2026 · Record checked: 2026-09-19 · Historical transaction figures, not live market data.
Company gross proceeds
$150 million
10,000,000 shares × $15. The sale was entirely newly issued company shares; no existing-holder sale is included in this IPO record.
Company net proceeds
$137.7 million
The company reported approximately $12.3 million in underwriting discounts, commissions, and other offering expenses, or about 8.2% of gross. These are rounded filing amounts.
Proposed option versus completed sale
Underwriters’ option
1,500,000
Additional shares were available for purchase under the IPO terms in the final prospectus.
Option shares actually sold
0
The August quarterly report says the option expired unexercised. The completed deal therefore remained a 10,000,000-share primary issuance.
Why a simple dilution percentage would mislead
The company had 132,604,428 Class A and 11,578,308 Class B shares immediately before the IPO, according to the quarterly report. Those figures already reflect a large preferred-stock conversion and a reorganization of the two common-stock classes. Class B shares also have different voting rights. Comparing an earlier pre-conversion share count with the post-IPO Class A count and attributing the entire change to IPO buyers would be wrong. The confirmed incremental issuance here is the 10,000,000 new Class A shares; this page does not present a single economic or voting dilution percentage.
Where the proceeds stood at the next filing
As of the August 27 quarterly-report filing, the company said the net IPO proceeds remained in cash, cash equivalents, and short-term investment-grade instruments and had not yet been applied to a specific use. This is a dated disclosure, not a claim about their current balance. The stated intended uses were working capital and general corporate purposes, potentially including acquisitions or investments.
Method and sources
Gross = 10,000,000 × $15 = $150,000,000
Approximate net = $150.0 million gross − $12.3 million costs = $137.7 million
Option shares sold = 0, per the later quarterly report
- SEC final IPO prospectus, filed July 16, 2026 — pricing and the optional additional shares.
- SEC Form 10-Q, filed August 27, 2026 — completed issuance, option expiration, net proceeds, share classes, and dated proceeds status.
Update history: September 19, 2026 — initial completed-deal record, checked against the prospectus and later quarterly report. Future changes will be dated here.
This is general research and education, not an investment recommendation. Review later filings for any change in use of proceeds, outstanding shares, or voting structure.
Follow the record: Browse Standard Nuclear’s latest SEC filings for developments after this page’s checked date. A newer filing may concern an unrelated event; this tracker changes only after its deal implications are reviewed.