Nuclear startup Deep Fission goes public in a curious SPAC

Deep Fission, a nuclear energy startup, has announced plans to go public through a reverse merger with a special purpose acquisition company (SPAC). The move comes just a few months after the startup was seeking to raise $15 million in a seed round. The reverse merger will allow Deep Fission to raise $30 million, double the amount it was initially seeking. The company is developing advanced nuclear technologies, including small modular reactors, with the goal of providing a safer and more efficient alternative to traditional nuclear power. The decision to go public through a SPAC is a curious one, as it bypasses the traditional initial public offering (IPO) process. SPAC mergers have become increasingly popular in recent years, as they offer a faster and more streamlined path to going public. The news highlights the growing interest in advanced nuclear technologies as a potential solution to the world's energy and climate challenges. However, the long-term viability of Deep Fission's approach remains to be seen.