US-based nuclear reactor technology company Nano Nuclear Energy has raised $105m (€92m) through a private placement of common stock to advance its micro nuclear reactors and auxiliary nuclear energy-related businesses.

A statement said the placement attracted significant institutional investors, including a leading long-only mutual fund and a prominent global investment manager.

“The proceeds from this financing significantly boosts Nano Nuclear’s cash on hand to over $210 million,” the Nasdaq-listed company said in the statement.