Currently, $GSRT is trading at $10.60. The NAV (net asset value) of the SPAC is $10.17. That means, your maximum risk is roughly -4%
The merger target is a small modular reactor (SMR) company called 'Terra Innovatum'
Other pre-revenue pure-plays on SMRs are currently trading at premium valuations:
$SMR - $10 billion
$OKLO - $7.7 billion
$NNE - $1.2 billion
The market cap at NAV for $GSRT is $475 million.
The images below show a commercialization comparison between Terra Innovatum and the various other SMR pure-plays.
Also, $GSRT ticker after merger completion will be $NKLR -- which, for what its worth, is a nice ticker.
We opened a position in $GSRT last week, and think the risk-reward is compelling. It is perhaps the only nuclear stock on the market that hasn't seen a euphoric run.
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