State-Backed I vestme t P ovides Di ect Fi a ci g a d Adva ces its Developme t of Comme cial Mic o eacto s
IDAHO FALLS, Idaho, Oct. 19, 2026 (GLOBE NEWSWIRE) — NuCube E e gy, I c. (“NuCube”), a adva ced- uclea tech ology compa y p oductizi g facto y-built mic o eacto s, today a ou ced a $25 millio di ect i vestme t f om the Alaska I dust ial Developme t a d Expo t Autho ity (“AIDEA”), a Alaska state-backed i vestme t autho ity. AIDEA joi s NuCube’s existi g i vesto s, i cludi g A izo a Nuclea Ve tu es, Emissio Reductio Co po atio , a d Rob Walto a d Jo da Rose Walto .
AIDEA is i vesti g di ectly i NuCube as the a cho i vesto i the compa y’s cu e t fi a ci g. U de the te ms of the ag eeme t, which was sig ed o Octobe 19, 2026, AIDEA has ag eed to pu chase $25 millio of Class A o di a y sha es at $9.25 pe sha e, ep ese ti g a app oximately 14.5% discou t to the efe e ce p ice of $10.82 used to dete mi e the excha ge atio fo NuCube’s capital stock i its busi ess combi atio with Lau ch Two Acquisitio Co p. (NASDAQ: LPBB) (“Lau ch Two”), plus o e-half of o e wa a t pe sha e exe cisable at $11.50 withi 5 yea s. The $25 millio i vestme t f om AIDEA will co stitute a T a sactio Fi a ci g u de NuCube’s Busi ess Combi atio Ag eeme t with Lau ch Two, dated as of Ju e 25, 2026, a d ame ded as of Octobe 19, 2026 a d the efo e will cou t towa d the $75 millio Mi imum Cash Co ditio equi ed fo closi g of the p oposed busi ess combi atio .
The i vestme t eflects a sig ifica t i te est a d e do seme t f om the State of Alaska, whe e ma y commu ities a d i dust ial ope atio s ely o costly, impo ted fossil fuel a d sit beyo d the each of t aditio al powe i f ast uctu e. With its NuSu ™ mic o eacto platfo m, NuCube is pu sui g a sta da dized, facto y-based app oach desig ed to suppo t epeatable ma ufactu i g a d u ive sal access to eliable, ca bo -f ee e e gy. NuCube i te ds to use the p oceeds to adva ce its NuSu ™ developme t, ma ufactu i g eadi ess a d lice si g.
“AIDEA’s i vestme t is a clea ecog itio a d vote of co fide ce of ou app oach to maki g adva ced uclea e e gy a p actical, eliable powe sou ce fo emote commu ities a d comme cial ope atio s,” said C istia Rabiti, CEO of NuCube E e gy. “As ou a cho i vesto , AIDEA gives us a solid capital fou datio as we co ti ue towa ds closi g ou busi ess combi atio with Lau ch Two. Alaska illust ates the eed fo depe dable e e gy whe e access to t aditio al powe i f ast uctu e ca be limited, a d ou NuSu ™ platfo m ca help add ess that eed while suppo ti g b oade e e gy secu ity.”
Alaska Gove o Mike Du leavy comme ted, “Alaska has always bee a place whe e i ovatio is d ive by ecessity. Adva ced uclea tech ologies like NuCube’s NuSu ™ eacto have the pote tial to delive eliable, affo dable powe a d heat to commu ities a d i dust ies whe e t aditio al solutio s a e costly o imp actical. I welcome AIDEA’s suppo t fo this Alaska-focused effo t a d look fo wa d to seei g espo sible, commu ity-e gaged p ojects move fo wa d that st e gthe e e gy secu ity a d c eate lasti g oppo tu ity fo Alaska s.”
B a do B efczy ski, AIDEA’s Deputy Executive Di ecto , added, “AIDEA’s ole is to help adva ce p ojects that c eate jobs, expa d eco omic oppo tu ities, a d imp ove e e gy eliability without elyi g o state app op iatio s. Suppo ti g NuCube’s deployme t pathway i Alaska adva ces those goals a d positio s the state to be efit f om ext-ge e atio uclea tech ology tailo ed to emote a d i dust ial eeds.”
NuCube ope ates a i teg ated develop-build-ope ate model spa i g site selectio a d lice si g, facto y fab icatio , fuel p ocu eme t, lo g-life ope atio , a d comme cializatio th ough eacto sales, ope atio s-as-a-se vice, a d tech ology lice si g. Fo mo e i fo matio , visit www. ucube.e e gy.
O Ju e 25, 2026, NuCube a ou ced that it has e te ed i to a busi ess combi atio ag eeme t with Lau ch Two. Upo closi g, the combi ed compa y is expected to be listed o Nasdaq, subject to satisfactio of listi g equi eme ts a d othe co ditio s to closi g the busi ess combi atio .
Lau ch Two a d NuCube have filed a Regist atio Stateme t o Fo m S-4 (the “Regist atio Stateme t”) with the SEC, which i cludes a p elimi a y p oxy stateme t/p ospectus to SPAC sha eholde s i co ectio with SPAC’s solicitatio s of p oxies f om its sha eholde s with espect to the t a sactio s elated to the p oposed busi ess combi atio (the “Busi ess Combi atio ”) amo g Lau ch Two, NuCube a d Tesse act Me ge Sub I c. pu sua t to the Busi ess Combi atio Ag eeme t, dated Ju e 25, 2026 a d as the eafte ame ded o Octobe [19], 2026, betwee the pa ties (the “Busi ess Combi atio Ag eeme t”), a d othe matte s to be desc ibed i the Regist atio Stateme t, a d a p ospectus elati g to the offe of the secu ities to be issued i co ectio with the Busi ess Combi atio . Afte the Regist atio Stateme t is decla ed effective by the SEC, the defi itive p oxy stateme t/p ospectus a d othe eleva t docume ts will be mailed to the sha eholde s of SPAC as of a eco d date to be established fo voti g o the Busi ess Combi atio a d will co tai impo ta t i fo matio about the Busi ess Combi atio a d elated matte s. Sha eholde s of SPAC a d othe i te ested pe so s a e advised to ead, whe available, these mate ials (i cludi g a y ame dme ts o suppleme ts the eto) a d a y othe eleva t docume ts, because they will co tai impo ta t i fo matio about Lau ch Two, NuCube a d the Busi ess Combi atio . Sha eholde s a d othe i te ested pe so s will also be able to obtai copies of the defi itive p oxy stateme t/p ospectus, a d othe eleva t mate ials i co ectio with the Busi ess Combi atio , without cha ge, at the SEC’s website at www.sec.gov o by di ecti g a equest to: Lau ch Two Acquisitio Co p., 180 G a d Ave ue, Suite 1530, Oakla d, Califo ia 94612, Att : James J. McE tee, Chief Executive Office . The i fo matio co tai ed o , o that may be accessed th ough, the websites efe e ced i this commu icatio i each case is ot i co po ated by efe e ce i to, a d is ot a pa t of, this commu icatio .
NuCube a d Lau ch Two a d thei espective di ecto s, ma age s a d executive office s may be deemed u de SEC ules to be pa ticipa ts i the solicitatio of p oxies of Lau ch Two’s sha eholde s i co ectio with the Busi ess Combi atio . I vesto s a d secu ity holde s may obtai mo e detailed i fo matio ega di g the ames a d i te ests of Lau ch Two’s di ecto s a d office s i the Busi ess Combi atio i Lau ch Two’s fili gs with the SEC, i cludi g the IPO P ospectus. To the exte t that holdi gs of Lau ch Two’s secu ities have cha ged f om the amou ts epo ted i the IPO P ospectus, such cha ges have bee o will be eflected o Stateme ts of Cha ge i Ow e ship o Fo m 4 filed with the SEC. I fo matio ega di g the pe so s who may, u de SEC ules, be deemed
pa ticipa ts i the solicitatio of p oxies of Lau ch Two’s sha eholde s i co ectio with the Busi ess Combi atio will be set fo th i the defi itive p oxy stateme t/p ospectus i cluded i the Regist atio Stateme t fo the Busi ess Combi atio , which will be filed by Lau ch Two a d NuCube with the SEC. I vesto s, sha eholde s a d othe i te ested pe so s a e u ged to ead the defi itive p oxy stateme t/p ospectus a d othe eleva t docume ts that will be filed with the SEC ca efully a d i thei e ti ety as they become available because they will co tai impo ta t i fo matio about the Busi ess Combi atio . I vesto s, sha eholde s a d othe i te ested pe so s will be able to obtai f ee copies of the p oxy stateme t/p ospectus a d othe docume ts co tai i g impo ta t i fo matio about NuCube a d Lau ch Two th ough the website mai tai ed by the SEC at www.sec.gov.
A egist atio stateme t elati g to these secu ities has bee filed with the SEC but has ot yet become effective. These secu ities may ot be sold o may offe s to buy be accepted p io to the time the egist atio stateme t becomes effective; a d this p ess elease does ot co stitute a offe to sell, o a solicitatio of a offe to buy, a y secu ities, o a solicitatio of a y p oxy, vote, co se t, o app oval, o shall the e be a y sale of secu ities i a y ju isdictio i which such offe , solicitatio , o sale would be u lawful. No offe i g of secu ities shall be made except by mea s of a p ospectus meeti g the equi eme ts of the Secu ities Act of 1933, as ame ded, o a exemptio the ef om.
This p ess elease co tai s ce tai fo wa d-looki g stateme ts withi the mea i g of the U.S. fede al secu ities laws with espect to the pa ties a d the Busi ess Combi atio , i cludi g expectatio s, hopes, beliefs, i te tio s, pla s, p ospects, fi a cial esults o st ategies ega di g NuCube, Lau ch Two, the post-Busi ess Combi atio compa y (the “Combi ed Compa y”), a d stateme ts ega di g the a ticipated be efits a d timi g of the completio of the Busi ess Combi atio , the assets held by NuCube a d by Lau ch Two, adva ced uclea e e gy, mic o eacto deployme t, i dust ial powe ge e atio , AI
data ce te e e gy dema d a d elated e e gy i f ast uctu e t e ds, the a ticipated busi ess of the Combi ed Compa y, NuCube a d the ma kets i which they ope ate, pla ed busi ess st ategies, i cludi g, without limitatio , NuCube’s pla s to deploy its mic o eacto tech ologies to suppo t i dust ial, ma ufactu i g a d data ce te e e gy eeds, pla s a d use of p oceeds, objectives of ma ageme t fo futu e ope atio s of NuCube, expected ope ati g costs of the Combi ed Compa y a d its subsidia ies, the upside pote tial a d oppo tu ity fo i vesto s, the Combi ed Compa y a d NuCube’s pla fo value c eatio a d st ategic adva tages, ma ket size a d g owth oppo tu ities, egulato y co ditio s, competitive positio a d the i te est of othe co po atio s i simila busi ess st ategies, tech ological a d ma ket t e ds, futu e fi a cial co ditio a d pe fo ma ce a d expected fi a cial impacts of the Busi ess Combi atio , the satisfactio of closi g co ditio s to the Busi ess Combi atio a d the level of edemptio s of Lau ch Two’s public sha eholde s, a d the pa ties’ espective o collective expectatio s, i te tio s, st ategies, assumptio s, o beliefs about futu e eve ts, esults of ope atio s, o pe fo ma ce o that do ot solely elate to histo ical o cu e t facts. These fo wa d-looki g stateme ts ge e ally a e ide tified by the wo ds “believe,” “p oject,” “expect,” “a ticipate,” “estimate,” “i te d,” “st ategy,” “futu e,” “oppo tu ity,” “pote tial,” “pla ,” “may,” “should,” “will,” “would,” “will be,” “will co ti ue,” “will likely esult,” a d simila exp essio s; but this p ess elease may i clude othe fo wa d-looki g i fo matio a d data that a e ot p eceded by a y of the fo egoi g wo ds. I additio , a y stateme ts that efe to p ojectio s, fo ecasts o othe cha acte izatio s of futu e eve ts o ci cumsta ces, i cludi g a y u de lyi g assumptio s, a e fo wa d-looki g stateme ts.
Fo wa d-looki g stateme ts a e p edictio s, p ojectio s a d othe stateme ts about futu e eve ts o co ditio s that a e based o cu e t expectatio s a d assumptio s a d, as a esult, a e subject to isks a d u ce tai ties. Ma y facto s could cause actual futu e eve ts to diffe mate ially f om the fo wa d-looki g stateme ts i this p ess elease, i cludi g, but ot limited to: the isk that the Busi ess Combi atio may ot be completed i a timely ma e o at all, which may adve sely affect the p ice of Lau ch Two’s secu ities; the isk that the Busi ess Combi atio may ot be completed by Lau ch Two’s busi ess combi atio deadli e o a y exte sio the eto; the failu e by the pa ties to satisfy the co ditio s to the co summatio of the Busi ess Combi atio , i cludi g the app oval of Lau ch Two’s sha eholde s; the failu e of the Combi ed Compa y to obtai o mai tai the listi g of its secu ities o the Nasdaq Stock Ma ket o the New Yo k Stock Excha ge afte closi g of the Busi ess Combi atio ; costs elated to the Busi ess Combi atio ; cha ges i busi ess, ma ket, fi a cial, political a d egulato y co ditio s; isks elati g to NuCube’s o the Combi ed Compa y’s a ticipated ope atio s a d busi ess, i cludi g, without limitatio , NuCube’s pla s to desig , lice se, comme cialize a d deploy its mic o eacto tech ologies, i cludi g the costs, timeli e, egulato y app ovals a d isks associated the ewith; isks elated to i c eased competitio i the i dust ies i which the Combi ed Compa y will ope ate; isks that afte co summatio of the Busi ess Combi atio , the Combi ed Compa y may expe ie ce difficulties ma agi g its g owth, expa di g ope atio s, o executi g its st ategies; isks elati g to the lice si g, egulato y app oval, co st uctio , deployme t a d ope atio of adva ced uclea eacto tech ologies a d elated e e gy i f ast uctu e; a d the outcome of a y pote tial legal p oceedi gs that may be i stituted agai st NuCube, Lau ch Two, o othe s followi g a ou ceme t of the Busi ess Combi atio .
The fo egoi g list of isk facto s is ot exhaustive. You should ca efully co side the fo egoi g facto s a d the othe isks a d u ce tai ties desc ibed i the “Risk Facto s” sectio of the Regist atio Stateme t, which i cludes a p oxy stateme t of Lau ch Two, a d othe docume ts filed o to be filed by Lau ch Two a d NuCube f om time to time with the SEC. These mate ials do o will ide tify a d add ess othe impo ta t isks a d u ce tai ties that could cause actual eve ts a d esults to diffe mate ially f om those co tai ed i the fo wa d-looki g stateme ts. The e may be additio al isks that eithe Lau ch Two o NuCube p ese tly k ows o that Lau ch Two a d NuCube cu e tly believe a e immate ial that could also cause actual esults to diffe f om those co tai ed i the fo wa d-looki g stateme ts.
Fo wa d-looki g stateme ts speak o ly as of the date they a e made. Reade s a e cautio ed ot to put u due elia ce o fo wa d-looki g stateme ts, a d o e of the pa ties o a y of thei ep ese tatives assumes a y obligatio a d do ot i te d to update o evise these fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e eve ts, o othe wise. No e of the pa ties o a y of thei ep ese tatives gives a y assu a ce that a y of Lau ch Two, NuCube, o the Combi ed Compa y will achieve its expectatio s.
Gateway G oupGeo g Ve tu atos, Pat ick Hall949-574-3860NuCube@gateway-g p.com
NuCube E e gymedia@ ucube.e e gy
Gateway G oupZach Kadletz949-574-3860NuCube@gateway-g p.com
