Latham & Watkins Advises X-energy on Oversubscribed US$700 Million Series D

X-Energy Reactor Company, LLC (X-energy), a leader in advanced nuclear reactor and fuel technology, has announced it has closed an oversubscribed Series D financing round of approximately US$700 million led by Jane Street, from new investors including ARK Invest, Galvanize, Hood River Capital Management, Point72, Reaves Asset Management, XTX Ventures, and various others, as well as existing investors including Ares Management funds, Corner Capital, Emerson Collective, NGP, Segra Capital Management, and others.

Latham & Watkins LLP represented X-energy in the transaction with a corporate team led by Houston/New York partner John Slater, New York partner Peter Sluka, and Washington, D.C. partner Paul Sheridan, with associates Justin Reinking, Armaan Bhimani, Jennifer Pitsch Hayes, and Iktae Park. Advice was also provided on tax matters by Houston partners Tim Fenn and Christine Mainguy, with associate James Aldred; and on benefits matters by Los Angeles/Orange County partner Michelle Carpenter, with associate Aaron Tso.