PITTCO INVESTS IN X-ENERGY THROUGH SEGRA CAPITAL'S SPECIAL PURPOSE ENTITY ("SPE")

MEMPHIS, Tenn., March 5, 2025 /PRNewswire/ -- Pittco Management, LLC ("Pittco") is pleased to announce its equity investment in X-Energy Reactor Company, LLC ("X-energy") through a special purpose entity managed by Segra Capital Management ("Segra").

Founded more than 15 years ago, X-energy is a leader in advanced nuclear reactor and fuel technology. Last month, the company announced the closing of its upsized Series C-1 financing round of $700 million. Segra, Jane Street, Ares Management funds, Emerson Collective, and others joined the previously announced round anchored by Amazon.com, Inc.'s ("Amazon") Climate Pledge Fund, an affiliate of Citadel Founder and CEO Ken Griffin, affiliates of Ares Management Corporation, NGP, and the University of Michigan. Proceeds from the fundraise will further the completion of X-energy's reactor design and licensing as well as the first phase of its TRISO-X fuel fabrication facility in Oak Ridge, Tennessee. Additionally, the funding will support future carbon-free projects that will use X-energy's Xe-100 advanced small modular nuclear reactors ("SMRs").

"Segra is among the most knowledgeable and respected investors in the nuclear and uranium sectors," said Henry Guy, Pittco's President and Chief Investment Officer. "We are pleased to support Segra and several other leading investors in X-energy's C-1 round." Pittco first invested with Segra in early 2023.

"Pittco is an experienced and valued partner," said Adam Rodman, Founder and Chief Investment Officer at Segra Capital. "We appreciate their continued support and welcome them as a partner in our X-energy investment."

ABOUT X-ENERGY
X-Energy Reactor Company, LLC is a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient advanced small modular nuclear reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy's simplified, modular, and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with other SMRs and conventional nuclear.

ABOUT SEGRA CAPITAL MANAGEMENT
Segra Capital was founded in 2013 on the basic premise that achieving differentiated returns requires a unique viewpoint. Since 2018 Segra has been exclusively focused on investing in the nuclear power sector and related industries.

ABOUT PITTCO MANAGEMENT, LLC
Pittco is the single-family office for Joseph R. "Pitt" Hyde III, founder of AutoZone, and his wife, Barbara. Pittco was established over 30 years ago, and provides investment, accounting, tax, and financial services from its headquarters in Memphis, Tennessee.

For more information, please visit:  http://www.pittcomanagement.com.

Media Contact:
Pittco Management, LLC
Media@pittcomanagement.com 
901-685-5455

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SOURCE Pittco Management, LLC