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Europe’s Boldest Tech Startups Are Reaching for US SPACs Again

Europe’s Boldest Tech Startups Are Reaching for US SPACs Again
Bloomberg Markets Monday 29 June 2026, 13:45 UTC By Pablo Mayo Cerqueiro, Yazhou Sun, Crystal Tse 1 min read
Key Points

Deals Europe’s Boldest Tech Startups Are Reaching for US SPACs Again Newcleo Ltd., a European startup building novel nuclear reactors that run on recycled waste, has the potential to disrupt clean energy. As with all new technology, the path is not easy. The Paris-based firm has raised $780 million in private capital since it was founded in 2021 and has yet to turn a profit.

Deals Europe’s Boldest Tech Startups Are Reaching for US SPACs Again Newcleo Ltd., a European startup building novel nuclear reactors that run on recycled waste, has the potential to disrupt clean energy. As with all new technology, the path is not easy. The Paris-based firm has raised $780 million in private capital since it was founded in 2021 and has yet to turn a profit. So, when Nasdaq-listed acquisition vehicle NewHold Investment Corp. III knocked on the door, it saw an opportunity to list overseas and secure up to $429 million of cash to spend.
Europe (LOCATION) Boldest Tech Startups Are Reaching (ORG) US (LOCATION) European (ORG) Paris (LOCATION) NewHold Investment Corp. III (ORG)
Originally published by Bloomberg Markets Read original →

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