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Deep Fission, Inc.

Deep Fission, Inc.

FISNNASDAQ
filed

Issue Size

$150.00M

Price Range

$24.00 - $26.00

Shares

63.93M o/s · 6M offered

Sector

Energy

Filed

May 20, 2026

About

Deep Fission, Inc.

Deep Fission is a nuclear energy technology company developing a small modular reactor based on established pressurized water reactor technology, with novel emplacement in deep boreholes approximately one mile below the Earth’s surface.

Our reactor, which we refer to as the Gravity Reactor, will leverage subsurface conditions to support key containment and operating functions, including the use of hydrostatic pressure from a water column within the borehole to support reactor operating pressure and cooling, and the surrounding geological formation to provide structural confinement and shielding.

This approach is intended to reduce reliance on large surface containment structures and other safety-related infrastructure associated with conventional nuclear power plants, support faster deployment timelines, improve security, enhance safety, and enable lower capital and operating costs relative to conventional nuclear facilities, while reducing exposure to environmental and other surface-l

Deep Fission, Inc. Overview

Ticker, listing venue and issuer profile

TickerFISN
ExchangeNASDAQ
Statusfiled
SectorEnergy
IndustryUranium
CurrencyUSD
CIK Code1918102
CUSIP--
ISIN--

Offer & Key Dates

Pricing terms and IPO milestones

Price Range$24.00 - $26.00
Offer Price--
Listing Price--
Current Price--
Shares Offered6M
Shares Outstanding63.93M
Offer Size$150.00M
Market Cap$1.60B
Filing DateMay 20, 2026
Priced Date--
Listed Date--

Valuation & Multiples

Key valuation ratios and metrics

P / E--
P / Book--
P / Sales--
EV / EBITDA--
EPS--
Revenue / Share (TTM)--
Revenue$0.00
Net Income-$61.00M

Financial Health

Balance sheet strength and liquidity

Total Debt$59.57K
Total Assets$92.03M
Cash$23.72M
Free Cash Flow--
Current Ratio23.82
Quick Ratio23.82
Debt / Equity0
CapEx--

Financial Highlights

Historical financial performance

SEC Filings

Official documents from SEC EDGAR

FormFiling DateDocument
8-A12BMay 28, 2026Registration of securities
S-1May 20, 2026General form for registration of securities under the Securities Act of 1933
SCHEDULE 13G/AMay 15, 2026Filing
10-QMay 8, 2026Quarterly Report
EFFECTMay 1, 2026Notice of Effectiveness
EFFECTMay 1, 2026Notice of Effectiveness
424B3May 1, 2026Prospectus
424B3May 1, 2026Prospectus
8-KApr 22, 2026Current Report
DRSApr 22, 2026[Cover] Draft Registration Statement

Company Info

Contact and headquarters details

HeadquartersUnited States
Founded2023
Employees60
Phone(707) 400-0778
Address2001 Addison Street, Suite 300Berkeley, CA 94704United States

Leadership

Key executives and officers

EM

Elizabeth Muller

Chair of the board of directors (Class III); President and Chief Executive Officer

RA

Richard A. Muller

Chief Technology Officer

W(

William (Mark) Schmitz

Chief Financial Officer

MB

Michael Brasel

Chief Operating Officer

JG

Jon Gordon

General Counsel & Secretary

MP

Mark Peres

Chief Nuclear Officer

ST

Stacy Tarver Patterson

Chief Marketing Officer

BJ

Blake Janover

Director (Class I)

LG

Leslie Goldman Tepper

Director (Class I)

JA

Jonathon Angell

Director (Class II)

Deep Fission, Inc. IPO - FAQs

Depending on the exchange, the stock ticker may vary. For instance, on NASDAQ exchange FISN stocks are traded under the ticker FISN.

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