Jul. 10 at 10:29 PM
Holtec Nuclear Corp. filed on Friday for an initial public offering of its Class A common stock, seeking to list on both Nasdaq and Nasdaq Texas under the ticker HNUC. The company has not yet disclosed the number of shares to be offered or the expected price range.
After the IPO, Holtec will adopt a dual-class share structure. Class A shares will carry one vote per share and full economic rights, including dividends, while Class B shares will carry 10 votes per share but no economic rights or dividend entitlement. The two classes will generally vote together unless otherwise required by the company's charter or applicable law.
The underwriting syndicate includes J.P. Morgan, Guggenheim Securities, Goldman Sachs, Citigroup, BofA Securities, Morgan Stanley, Cantor, BMO Capital Markets and Oppenheimer. There is currently no public market for Holtec's Class A common stock.
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