PARSONS, Kan.--(BUSINESS WIRE)-- Deep Fission, Inc. (Nasdaq: FISN) (“Deep Fission” or the “Company”) was targeted yesterday by a short-seller report criticizing the Company and its technology. Deep Fission believes the report is highly misleading and contains numerous distortions, inaccuracies and mischaracterizations.
The report’s own disclaimer states that its contents are opinions and “are not statements of fact,” were not supplied by “insiders or connected persons” from Deep Fission, and that its anonymous author makes no representation as to the accuracy, timeliness or completeness of the information alleged. It further states that investors should assume the author and related parties hold short positions in Deep Fission securities and therefore stand to realize gains if those accusations cause the Company’s stock price to decline.
Deep Fission stands behind its public disclosures. The Company has been consistently transparent with its shareholders, its regulators and the public about what its technology can do, the progress it has made and the work that remains, including the risks and uncertainties inherent in developing and commercializing nuclear energy. That record is documented in the Company’s filings with the Securities and Exchange Commission.
“Our engineers, scientists and operators are doing meticulous work in full view of our investors, our regulators, and our partners,” said Elizabeth Muller, Chief Executive Officer and Co-Founder of Deep Fission. “To see that effort distorted in a self-serving report written by someone with an undisclosed financial interest in a lower stock price is not something we are prepared to let stand. We are looking at every option available to us to correct the record, and our team stays focused on advancing the Gravity™ Nuclear Reactor and creating long-term value for our shareholders.”
Deep Fission is reviewing the report with its advisors and evaluating all available options, including potential legal remedies.
About Deep Fission
Deep Fission is developing technology that places a small modular pressurized water reactor in a borehole approximately one mile underground. The Company’s Gravity™ Nuclear Reactor approach combines established pressurized water reactor technology with a novel underground deployment model designed to simplify construction, enhance safety, and support scalable commercial deployment. Deep Fission is focused on delivering reliable, low-carbon baseload power to meet growing electricity demand from utilities, industrial customers, and data centers. The Company is currently advancing the development of its first reactor project in Parsons, Kansas, and was selected for the U.S. Department of Energy’s Reactor Pilot Program.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Deep Fission’s business strategy, technology development plans, potential commercial deployments, potential demand represented by non-binding LOIs, expected regulatory activities, planned project milestones, potential commercialization, potential revenue recognition, and the timing, feasibility, scalability, safety, and performance of the Company’s technology. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
Important factors that may cause actual results to differ materially include, among others, risks related to the Company’s early stage of development; the non-binding nature of the LOIs; the Company’s ability to negotiate and enter into definitive commercial agreements; technical, engineering, drilling, construction, regulatory, licensing, financing, supply chain, and deployment risks; the Company’s ability to obtain required approvals from the NRC, DOE, and other governmental authorities; market adoption of the Company’s technology; and the other risks described under “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Deep Fission’s filings with the Securities and Exchange Commission.
Forward-looking statements speak only as of the date of this press release. Deep Fission undertakes no obligation to update any forward-looking statements, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260925350200/en/
Media Contact
5W Public Relations
media@deepfission.com
Investor Relations Contact
Elevate IR
(720) 330-2829
IR@deepfission.com
Source: Deep Fission, Inc.