en.Wedoany.com Reported - Hadron Energy announced on June 4 that the U.S. Nuclear Regulatory Commission (NRC) staff has issued a final safety evaluation report, determining that the company's quality assurance program description complies with the requirements of Title 10, Part 52 of the Code of Federal Regulations and can be referenced in future license applications.
The NRC staff concluded that Hadron Energy's quality assurance program meets NRC regulations and industry standards, covering the full lifecycle quality assurance framework for its microreactor from design, manufacturing, construction, operation, to decommissioning. The program is based on Appendix B to Title 10, Part 50 of the Code of Federal Regulations and commits to complying with nuclear industry quality standards, including ASME NQA-1-2022. However, this approval does not constitute a license to construct or operate a reactor, nor does it represent NRC review, approval, or certification of its microreactor design.
Hadron Energy stated that it is the first light water microreactor company to receive NRC approval for its quality assurance program description. Company founder and CEO Sam Gibson said this regulatory milestone is critical to the company and its development work on the micro standardized reactor.
The company is developing the Halo microreactor, a 10-megawatt, factory-manufactured, transportable light water reactor.
On the same day, Hadron Energy announced the completion of its business combination with Hadron Energy Operating Company, Inc., with its stock and public warrants listed for trading on Nasdaq under the symbols "HDRN" and "HDRNW," respectively. The merger was approved at a special meeting of shareholders of predecessor GigCapital7 Corp. Prior to the transaction, the majority of GigCapital7's public shareholders elected to redeem their shares, receiving a total of $180.3 million in cash redemptions, with approximately 3.16 million remaining public shares held in the trust account. Additionally, GigCapital7 raised an additional $19.3 million by entering into non-redemption agreements with multiple public shareholders, involving 1.8 million shares of Class A common stock, which will be transferred to Hadron Energy's balance sheet upon completion of the transaction.
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