X-energy Announces IPO

ROCKVILLE, Md., April 23, 2026 – X-energy, Inc. (“X-energy”), a leader in advanced nuclear reactor and fuel technology, today announced the pricing of its upsized initial public offering (“IPO”) of 44,254,659 shares of its Class A common stock at a public offering price of $23 per share. In connection with the offering, X-energy has granted the underwriters a 30-day option to purchase up to an additional 6,638,198 shares of Class A
common stock.

The shares are expected to begin trading on the Nasdaq Global Select Market (“Nasdaq”) on April 24, 2026, under the ticker symbol “XE.” The offering is expected to close on April 27, 2026, subject to customary closing conditions.

J.P. Morgan, Morgan Stanley, Jefferies, and Moelis & Company acted as the lead joint book-running managers for the offering. 

About X-energy
X-Energy, Inc. is a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient advanced small modular nuclear reactors and proprietary fuel to deliver clean, safe, reliable energy that meet the demands of the modern economy. X-energy’s simplified, modular, and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with other SMRs and conventional nuclear.

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