Filings for new U.S. listings - 4/24/2024
Loar Holdings Inc. (S-1/A) - 04/23/2024
Loar Holdings Inc. specializes in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. The company focuses on mission-critical, highly engineered solutions with high-intellectual property content and has significant aftermarket exposure, which has historically generated predictable and recurring revenue.
| Name | Loar Holdings Inc. |
|---|---|
| HQ Location | White Plains, New York |
| Country/Region of Operations | United States, United Kingdom, Germany |
| Incorporation Jurisdiction | Delaware |
| Ticker Symbol | LOAR |
| Exchange | New York Stock Exchange (NYSE) |
| Offer Size | Unknown |
| Number of Shares offered | 11,000,000 |
| Offer Price | $24.00 - $26.00 per share |
| Underwriters | Morgan Stanley & Co. LLC Jefferies Moelis & Company Citigroup RBC Capital Markets |
| Industry | Aerospace and Defense Components |
| Sales/Revenue | $317,477,000 |
| Net Income/Loss | $(4,615,000) |
| Total Liabilities | $632,304,000 |
| Cash and Cash Equivalents | $21,489,000 |
| Use of Proceeds | Repayment of borrowings outstanding under the Credit Agreement and for general corporate purposes, including working capital |
| Dividend Policy | The company has no current plans to pay dividends on its common stock. |
| Risk Factors | - The company's business focuses almost exclusively on the aerospace and defense industry - The company relies heavily on certain customers for a significant portion of its sales - The company has completed acquisitions in the past and intends to continue to pursue acquisitions, which could adversely affect the business if not consummated on satisfactory terms or integrated effectively - The company depends on its executive officers, senior management team and highly trained employees, and any work stoppage, difficulty hiring similar employees, or ineffective succession planning could adversely affect the business - The company's sales to manufacturers of aircraft are cyclical and a downturn in sales to these manufacturers may adversely affect the company - The company's business depends on the availability and pricing of certain components and raw materials from suppliers - The company's operations depend on its manufacturing facilities, which are subject to physical and other risks that could disrupt production - The company may lose its government or industry approvals, or more stringent government regulations could be enacted, which could adversely affect the business - The company's commercial business is sensitive to factors that affect the airline industry, such as the number of flight hours, the size and age of the worldwide aircraft fleet, and customer profitability - Cyber security breaches or technology failures could have an adverse effect on the company's business and operations - The company may be unable to adequately enforce and protect its intellectual property or defend against assertions of infringement - The company could incur substantial costs from violations of or liabilities under environmental laws and regulations - Tariffs and changes to U.S. trade policies could negatively impact the company's business - The company's indebtedness, which is subject to variable interest rates, could adversely affect its financial health and ability to react to changes in the business - The company may not be able to generate sufficient cash to service its indebtedness |
| Other | - The company will be a "controlled company" under the NYSE rules after the offering, with Abrams Capital, GPV Loar LLC, Dirkson Charles and Brett Milgrim controlling a majority of the voting power - The company's management team has extensive industry experience, having worked together at previous aerospace and defense companies - The company has a track record of strong growth, margins and cash flow generation since its inception - The company utilizes both organic and inquisitive growth strategies, including a disciplined approach to acquisitions |
| Link to Filing | Filing |
Nano Nuclear Energy Inc. (S-1/A) - 04/23/2024
Nano Nuclear Energy Inc. is an early-stage nuclear energy company developing smaller, cheaper, and safer advanced portable clean energy solutions utilizing proprietary reactor designs, intellectual property and research methods. The company is focused on four business lines: micro nuclear reactor business, nuclear fuel fabrication business, nuclear fuel transportation business, and nuclear consultation services.
| Name | Nano Nuclear Energy Inc. |
|---|---|
| HQ Location | New York, NY |
| Country/Region of Operations | United States |
| Incorporation Jurisdiction | NV |
| Ticker Symbol | NNE |
| Exchange | Nasdaq |
| Offer Size | Unknown |
| Number of Shares offered | 3,000,000 |
| Offer Price | $4.00 - $6.00 per share; $5.00 assumed |
| Underwriters | The Benchmark Company |
| Industry | Nuclear Energy |
| Sales/Revenue | Unknown |
| Net Income/Loss | Unknown |
| Total Liabilities | $443,306 |
| Cash and Cash Equivalents | $7,897,499 |
| Use of Proceeds | - Research and development of products and technology, including design optimization, test work and scoping studies (approximately 67.7% of net proceeds) - Marketing, promotion and business development activities (approximately 12.0% of net proceeds) - Working capital and other general corporate purposes (approximately 20.3% of net proceeds) |
| Dividend Policy | The firm does not intend to issue a dividend. |
| Risk Factors | - The company has incurred losses and has not generated any revenue since inception - The company is an early-stage company in an emerging market with an unproven business model and a new and unproven technology model - The company's business plans will require substantial additional capital that may not be available - Failure to successfully develop, manufacture and commercialize the company's micro nuclear reactors, fuel fabrication facility, and fuel transportation business could adversely affect the company - The cost of electricity generated from nuclear sources may not be cost competitive with other electricity generation sources - The market for small modular reactors (SMRs) generating nuclear power is not yet established and may not achieve the expected growth - The company's officers have management, advisory or directorship positions with other companies which may pose risks |
| Other | - The company has secured important government contacts and a world-class technical team - The company is seeking to become a vertically integrated, diversified nuclear energy company to capture market share - The company is collaborating with the Idaho National Laboratory (INL) on the development of its micro reactors and fuel fabrication facility - The company plans to provide nuclear service support and consultation services as a near-term revenue generating opportunity |
| Link to Filing | Filing |
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