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ASP Isotopes Inc. (ASPI) announced that its wholly-owned subsidiary Quantum Leap Energy LLC has confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission for a proposed initial public offering of Class A common stock.
The company has not determined the number of shares to be offered or the price range for the proposed offering. The IPO remains subject to completion of the SEC review process and market conditions.
ASP Isotopes describes itself as a development stage advanced materials company focused on producing isotopes for healthcare, technology and nuclear energy industries. The company uses proprietary Aerodynamic Separation Process technology and operates isotope enrichment facilities in Pretoria, South Africa.
The announcement was made pursuant to Rule 135 under the Securities Act of 1933. The company stated that the press release does not constitute an offer to sell or solicitation to buy securities.
