TOMI Proposes $120M All-Stock Merger to Enter $13–15B Nuclear-Grade Graphite Sector
TOMZ•TOMI agreed to merge with Carbonium Core under a $120M all-stock LOI, issuing shares for up to 19.99% equity and Series B convertible preferred stock at $1.00 per share. Closing in Q2 2026, the merger positions TOMI in the U.S. nuclear-grade graphite market of a $13–15B global industry.
1. Merger LOI Details
TOMI and Carbonium Core signed a non-binding LOI for an all-stock merger valued at $120 million, issuing new common shares representing up to 19.99% of post-transaction equity and Series B convertible preferred stock convertible at $1.00 per share, subject to shareholder approval and customary closing conditions.
2. Market Entry and Industry Opportunity
Upon closing in second-quarter 2026, the transaction will secure TOMI’s entry into the U.S. nuclear-grade graphite market, tapping into a $13–15 billion global industry driven by demand for advanced reactor technologies and domestic supply-chain reshoring initiatives.
3. First-Quarter 2026 Earnings Conference Call
TOMI will report its first-quarter 2026 financial results after market close on May 8 and host a live conference call at 4:30 p.m. ET that day, with a telephone replay available through May 15 and an online webcast replay accessible thereafter.
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TOMI Environmental Solutions (Nasdaq: TOMZ) Clarifies Previously Announced $120M Preferred Stock LOI to Merge with Carbonium Core, Entering U.S. Nuclear-Grade Graphite Market for Advanced Reactors Within a $13-15B Global Graphite Industry
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