Yahoo Finance US Nuclear Raises $611,000 Net Working Capital
LOS ANGELES, CA, May 17, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – On May 5, 2022, US Nuclear Corp. (OTC-QB: UCLE) closed on a securities purchase agreement with Mast Hill Fund L.P. to raise $611,000 net working capital through a $0.20 per share fixed price promissory note for common stock, as well as cash warrants with a $0.75 strike price. US Nuclear’s use of funds from this capital raise will be to improve procurement efficiency and supply chain constraints, upgrade best-selling products as well bring important new products to the market, and expand sales and marketing for high growth markets such as nuclear power, drones, sensors, and safe air and drinking water monitoring. Expediting sales and speed of production will lead to increased revenue and customer satisfaction.
Please refer to US Nuclear’s recent 8-K filing for full details on the capital raise.
Safe Harbor Act
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Investors may find additional information regarding US Nuclear Corp. at the SEC website at http://www.sec.gov, or the company’s website at www.usnuclearcorp.com
CONTACT:
US Nuclear Corp. (OTC-QB: UCLE)
Robert I. Goldstein, President, CEO, and Chairman
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: info@usnuclearcorp.com
