Nuclear Power Startup Newcleo to Go Public in SPAC Deal

British-Italian nuclear startup Newcleo plans to go public via a merger with special-purpose acquisition company SPAC Horizon Acquisition Co. II, in a deal valuing the company at around $1.6 billion. Newcleo focuses on developing small modular reactors and lead-cooled fast reactor technology, aiming to produce nuclear energy using nuclear waste as fuel.