Laser uranium enrichment technology developer LIS Technologies (LIS.US) has an IPO price of 5-7 US dollars/share and plans to raise 17 million US dollars

The Zhitong Finance App learned that LIS Technologies, which focuses on the development of laser uranium enrichment technology in the nuclear energy sector, submitted initial public offering (IPO) documents to the US Securities and Exchange Commission (SEC) on Monday. The company plans to issue 2.8 million shares at an issue price range of $5 to $7 per share to raise $17 million. The company plans to list on the NASDAQ under the ticker symbol “LIS.”

LIS Technologies co-founders and executives Jay Jiang Yu and Christo Liebenberg have indicated their intention to subscribe for up to $500,000 of shares in this IPO, accounting for 2.9% of the current offering. Based on the median value of the proposed issue price range, LIS Technologies' fully diluted market value will reach US$589 million.

LIS Technologies is an early-stage uranium enrichment company developing patented and proprietary laser uranium enrichment technology, the core of which is the CRISLA process to produce enriched uranium for the nuclear energy industry. The company's target customers include operators of commercial light water reactors, as well as developers and operators of advanced reactors, including small modular reactors and micro reactors.

The company has begun laboratory-scale testing in Oak Ridge, Tennessee, USA, and plans to start operating a pilot plant around 2030 and build a commercial uranium enrichment facility around 2033, provided that financing is in place and approval is obtained from the US Nuclear Regulatory Commission (NRC). The company is one of six participating companies in the US Department of Energy (DOE) Low Enriched Uranium (LEU) Purchase Program.