On December 5, 2023, X-Energy Reactor Company, LLC closed the transaction. The company has raised $235 million in this transaction. The transaction included participation from returning investors, Ares Management Corporation, Curtiss-Wright Corporation, Ontario Power Generation Inc. and individual investor, Kam Ghaffarian.

The company has raised $210 million in its second tranche, bringing the funds raised in the transaction so far to $235 million. The deal size includes anticipated conversions of certain of the company?s outstanding convertible notes.