LOS ANGELES, CA, May 17, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – On May 5, 2022, US Nuclear Corp. (OTC-QB: UCLE) has entered into a securities purchase agreement with Mast Hill Fund LP to raise $611,000 net working capital through a fixed price promissory note of $0.20 per share for common shares, as well as cash warrants with an exercise price of $0.75. US Nuclear’s use of funds from this fundraiser will be to improve procurement efficiencies and supply chain constraints, upgrade best-selling products, bring new products to market and expand sales and marketing for high-growth markets such as nuclear power, drones, sensors, and air quality and drinking water monitoring. Accelerated sales and speed of production will lead to increased revenue and customer satisfaction.
Please refer to US Nuclear’s recent 8-K filing for further details on the capital increase.
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This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations, estimates and projections and, accordingly, you should not not rely on these forward-looking statements as predictions of future events. Words such as “expect”, “estimate”, “project”, “budget”, “expect”, “anticipate”, “intend”, “plan”, “may”, “will” , “could”, “should”, “believes”, “predicts”, “potential”, “continues” and other similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause so that actual results differ materially from expected results.
Investors can find additional information regarding US Nuclear Corp. on the SEC’s website at http://www.sec.gov or on the Company’s website at www.usnuclearcorp.com
CONTACT:
US Nuclear Corp. (OTC-QB: UCLE)
Robert I. Goldstein, President, CEO and Chairman of the Board
Rachel Boulds, Chief Financial Officer
(818) 883 7043
Email: [email protected]
