Morgan Lewis Advises NuCube Energy, Inc. on de-SPAC Transaction

NEW YORK, June 25, 2026: Morgan Lewis advised nuclear technology company NuCube Energy, Inc. on the signing of a business combination agreement with Launch Two Acquisition Corp., a special purpose acquisition company (SPAC).

The transaction values NuCube at a pre-money equity value of approximately $500 million. It also implies a pro forma enterprise value of the new public company of approximately $579 million and a pro forma equity value of approximately $683 million (in each case, assuming 78% redemptions and including $75 million of anticipated proceeds from a PIPE the parties are seeking).The transaction is expected to close in the second half of 2026.

NuCube is an advanced-nuclear technology company developing factory-built, solid-state microreactors that deliver firm, carbon-free power and high-temperature process heat on-site. Through its NuSun™ platform and integrated develop-build-operate model, NuCube aims to provide reliable, scalable clean energy for remote microgrids, industrial heat applications, and data centers.

Partners Todd Hentges, Rahul Patel, Tara McElhiney, Alex Polonsky, Patrick Rehfield, Harry Robins, Richard Zarin, Alexios Hadji, Michael Blanchard, and Ulises Pin are advising NuCube with associates Charles Condro, Zina Barghash, Ali Good, Lixin Ayrik, Patricia Menges, and Megan Elizabeth Kilduff.

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