Nano Nuclear Energy Inc. (NNE) acquired Secured Transportation Services LLC (STS) for up to $13 million. The deal includes $6 million in cash. NNE also issued $7 million in restricted stock for the purchase. STS generated approximately $7.1 million in revenue in 2025. The company reported $1.3 million in net income that year.
This acquisition establishes a revenue-generating business for NNE. The move creates a vertically integrated company by adding nuclear material transportation capabilities. NNE shares increased following the May 26 announcement.
Benchmark maintained a Buy rating on May 27. The analyst set a price target of $45.00. Retail investor interest surged as Stocktwits message volumes increased by 146%.