EX-99.2 5 d144257dex992.htm EX-99.2 EX-99.2

Exhibit 99.2 cial Deployment of Commer eactorsore Micr10 MW e for Data Centers & Industrydized Nuclear Energy InfrastructurStandar esentationApril 2026 Investor Pr


DisclaimersApril 2026 Disclaimer on in connection with espect to an investment in Hadrested parties in making their own evaluation with ron”) and GigCapital7 Corp. (“GigCapital7”) to assist inter, Inc. (“Hadrgyon Enered to you by Hadresentation”) is being deliveresentation (this “prThis pr ovided to you solely in your capacity as a ovided for informational purposes only and is being presentation is proposed business combination”). This prelated transactions (the “pron and GigCapital7 and roposed business combination between Hadra pr e of its contents esentation, in whole or in part, or the disclosuroduction or distribution of this prepron and the post-business combination combined company (the “Post-Closing Company”). Any rpotential investor in considering an investment in Hadr esentation does not constitute advice or a . This prestrictions set out beloweed to the obligations and resentation, you will be deemed to have agreading this previewing or rohibited. By ron or GigCapital7 is prwithout the prior consent of Hadr egulation and conveys no e such distribution or use would be contrary to local law or r, any person in any jurisdiction wher.; it is not intended for distribution to, or use byestricted by lawding any securities. This communication is regarecommendation rr eof.elating to the subject matter hereto revious oral or written communications between the parties hereplaces all presentation supersedes and roducts of its business activities. This pron or the prest in Hadrright, title or inter fer or SolicitationNo Of oval in any jurisdiction in connection with the , vote, consent or approxy any securities nor the solicitation of any presentation and any accompanying oral statements shall neither constitute an offer to sell nor the solicitation of an offer to buyThis pr egistration or qualification under the securities laws of any such jurisdiction. No offer of , solicitation or sale would be unlawful prior to the re be any sale of securities in any jurisdiction in which the offeroposed business combination. Nor shall therpr om. INVESTMENT efrements of Section 10 of the Securities Act of 1933, as amended, or exemptions therequirospectus filed with the U.S. Securities and Exchange Commission (the “SEC”) meeting the rsecurities shall be made except by means of a pr ASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OF Y AUTHORITY NOR HAS ANY AUTHORITY PTORIN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED BY THE SEC OR ANY OTHER REGULA Y IS A CRIMINAL OFFENSE.TION TO THE CONTRARAAINED HEREIN. ANY REPRESENTTION CONTADEQUACY OF THE INFORMA arrantiesesentations and WNo Repr esentation iewers of this proposed business combination. Vespect to the pred to evaluate a possible investment decision with requiresentation is for informational purposes only and does not purport to contain all of the information that may be rThis pr esentation is not intended to form the basis of any . This prelevance and adequacy of the information, and should make other investigations as they deem necessaryoposed business combination and of the rshould make their own evaluation of the pr esentation or any other written or other espect of, this pre or will be given in, or in ress or implied, aresentations or warranties, expreprinvestment decision by any potential investor and does not constitute investment, tax or legal advice. No r eof, or for esponsibility or liability whatsoever is accepted for the accuracy or sufficiency theroposed business combination, and no ron or the prcommunications transmitted or otherwise made available to any party in the course of its evaluation of Hadr esentatives, eprest holders, affiliates, respective subsidiaries, interon, GigCapital7, or any of their rcumstances will Hadr, in no ciro the fullest extent permitted by laweto. Telating therors, omissions, or misstatements, negligent or otherwise, rany err eliance on the information contained within it esentation, its contents, omissions, rom the use of this profit arising frect or consequential loss or loss of prect, indiresponsible or liable for any directors, officers, employees, advisors or agents be rpartners, dir on and GigCapital7 e and is subject to change, and any such changes may be material. Hadreliminary in naturesentation is prewith. The information contained in this preto or otherwise arising in connection therelation theror on opinions communicated in r esentation.disclaim any duty to update the information contained in this pr e to Find itAdditional Information About the Business Combination and Wher Inbusiness with the potential connection combination,statementegistration a rForm on S-4 (the “Form S-4”)beenfiled has theSEC GigCapital7 by withincludes S-4 on. The Form and Hadreliminary prastatement oxy prfor theGigCapital7stockholders of that alsoconstituteseliminarya pr and ospectus, pron 2026, 15, April GigCapital7filed a finalospectus/definitivepr statementoxy prwith the following SEC declaring SEC the theeffective. WhenForm S-4 deciding towhether in investon,shouldyou Hadrefully car informationconsider the made availableto you, includingoughofthe your decision.day thresentation, pr this The definitiveospectusstatement/pr oxypr isbeing mailedto GigCapital72026 April of15, date decorr a as stockholdersofestablished for voting on the potential businesscombination. willested parties Interalso tobe able such of ee copies obtain frdocuments filed(onceSEC withavailable) the at SEC'sthe at located website,.sec.gov wwworsecurityholders equestto aectr dir mayGigCapital7 Corp., Attn: Corporate,etary Secr 1731oRd.,200, Suite caderEmbar Alto, Palo CA. Thesematerials will contain information important about GigCapital7, Companythe on,Post-Closing Hadr businessandthe potential combination. When deciding towhether invest in should youon,Hadr efullycar information the consider made availableto you, including decision.your of dayough the esentation,thrprthis Thedefinitive ospectusoxystatement/pr prisbeing mailedto GigCapital715, of dateApril d2026 ecor as aofstockholders r established forvoting onbusinessthe potential combination.ested Inter parties willbe alsotoable such of ee copies obtain frdocuments filed(onceSEC with theavailable) at,.sec.govat wwwSEC's the website located orsecurityholders to equest arect may dir GigCapital7Attn: Corp., Corporate ,etary Secr1731 ocaderEmbar 200, Suite Rd., Alto, PaloCA. Pnarticipants in the Solicitatio oxies of GigCapital7ectors, executive officers, management and employees, under SEC rules, may be deemed to be participants in a solicitation of prespective diron, GigCapital7 and their rHadr’s security holders in connection with the potential business combination. April 2602esentation Investor Pr 02


DisclaimersApril 2026 s Annual Report on Form 10-K for the ectors and executive officers in its filings with the SEC, including GigCapital7’s dirests of GigCapital7’ding the names, affiliations, and interegare detailed information rInvestors and security holders may obtain mor oxies of GigCapital7 security holders in , under SEC rules, be deemed participants in the solicitation of prding the persons who mayegarch, 6, 2026 (“2025 Form 10-K”). Information rfiscal year ended December 31st, 2025, filed with the SEC on Mar om those of ent frests may in some cases be differs participants in the solicitation. Such inters and GigCapital7’on’connection with the potential business combination is set forth in the Form S-4, along with information concerests of Hadrning the inter .s equity holders generallys or GigCapital7’on’Hadr d-Looking StatementsForwar s actual s and the Post-Closing Company’s, GigCapital7’on’ovisions of the United States Private Securities Litigation Reform Act of 1996. Hadrd-looking statements” within the meaning of the “safe harbor” presentation contains certain “forwarThis pr ds such as d-looking statements can sometimes be identified by wore events. Forwaredictive of futurd-looking statements as prely on these forwar, you should not rojections, and consequentlyom their expectations, estimates and presults may differ frr essions, or their negative variations, and ds and exprget,” “will,” “anticipate” and, in each case, similar worecast,” “tare”, “designed,” “foroject,” “believe,” “futur,” “pr,” “could,” “would,” “should,” “expect,” “possible,” “potential,” “goal,” “opportunity“may e manufacturing capacity and s futuron’ding Hadregarojections recasts or pre not historical facts and include, without limitation, estimates, ford-looking statements include all matters that are events. These forwaredict or indicate futurterminology that pr s ability to demonstrate scientific and engineering feasibility of on’cialization costs and timeline; Hadrojected commers pron’gy sector opportunities; Hadrojections of adjacent enere; estimates and prplant performance; market opportunity and market shar s ability to on’ocesses; Hadroduction and manufacturing prs ability to timely and effectively meet construction and development timelines and scale its pron’e customer base; Hadretain and expand its futurs ability to attract, ron’its technologies; Hadr s expectations concerelationships with strategic partners, ning ron’ed by other companies; Hadroducts and solutions offergy prs ability to compete successfully with eneron’oducts and services and bring them to market in a timely manner; Hadrdevelop pr s expectations on’oducts, services, or technologies; Hadres or investments in companies or pre venturoperty; futurotect, and enhance its intellectual prs ability to maintain, pron’d parties; Hadrsuppliers, goveregulatory bodies and other thirnments, r om the U.S. Nuclear Regulatory Commission; the success of e operations, including licenses to operate nuclear facilities frent and futureceipt of licenses and permits for curregulatory framework development; the potential for and timing of rding regarr elated to partnerships and collaborations eements rs technology; the execution and success of any definitive agron’ofile of Hadrol; the safety prs contron’, which is outside of Hadrovide poweroducts would prs pron’ojects for which Hadroposed prpr elated to its oposed business combination and expectations roposed business combination; and the potential benefits of the pre performance; the consummation of the prespect to futurs expectations with ron’d parties; Hadron and thirbetween Hadr edictions of actual performance. e not presentation, and aresentation, whether or not identified in this projections and beliefs as of the date of this prs expectations, assumptions, estimates, pre based on management’terms and timing. These statements ar . These obabilityediction or a definitive statement of fact or prelied on by any investor as a guarantee, an assurance, a pre not intended to serve as and must not be rovided for illustrative purposes only and are prd-looking statements arThese forwar on, esults, performance or achievements of Hadron or GigCapital7 that may cause actual rol of Hadre subject to a number of factors that involve known and unknown risks, delays, uncertainties and other factors not under the contrstatements ar e elated to the futurd-looking statements. Such risks and uncertainties include risks ressed or implied by these forwaresults, performance or other expectations expre rom the futurent frGigCapital7 or the Post-Closing Company to be materially differ e operations; financial, political and legal conditions; the egulations; the potential need for financing for futuregulatory uncertainties and possible changes to applicable laws or rging market; ron is pursing an emeron; the risk that Hadrperformance of Hadr oceedings, investigations eholders is not obtained; the outcome of any goveregulatory prnment or rs sharoval of GigCapital7’oposed business combination, including the risk that the apprinability of the parties to successfully or timely consummate the pr gy industry; limited supply of materials and supply chain disruptions; and other risks and uncertainties set forth in the eased competition in the eners ability to meet its financial obligations; incron’or inquiries; market volatility and its potential to impact Hadr s om time to time in GigCapital7’s 2024 Form 10-K and subsequently filed Quarterly Reports on Form 10-Q, as such factors may be updated frd-looking Statements in GigCapital7’ding Forwarsections entitled “Risk Factors” and Cautionary Note Regar esults to differ ect could cause actual roving to be incorredictable factors or underlying assumptions subsequently prein. Other unknown or unprospectus contained theroxy statement/pregistration statement on FormS4 and the prfilings with the SEC, the r , performance, or esults, level of activitye ron cannot guarantee futureasonable, Hadre rd-looking statements areflected in the forwaron and GigCapital7 believe that the expectations rd-looking statements. Although Hadrom those in the forwarmaterially fr on and GigCapital7 undertake no duty to update such s date, unless otherwise stated, and Hadresentation is as of today’ovided in this prd-looking statements. All information preliance on these forwarou should not place undue rachievements. Y .ed under applicable lawequirinformation, except as r fer or SolicitationNo Of s estimates based on such data and its on’ces, as well as Hadrd-party sourch, surveys, studies and other similar thiresearom industry publications and ron obtained fresentation includes statistical and other industry and market data that HadrThis pr eliable; ces is rd party sourom these thiron believes that the information fre cautioned not to give undue weight to such data and estimates. Hadrces. Such data and estimates involve a number of assumptions and limitations and you arinternal sour , esentation. Furtherces after the date of this prom such souresentation as to their accuracy or completeness, nor undertakes to update the data frepron nor GigCapital7 independently verified such data and estimates, makes any r, neither Hadrhowever on.ces and by Hadrd-party souressed in the estimates made by the thirom those expresults to differ materially fr, which could cause ree of risk and uncertaintys business and the industry in which it operates is subject to a high degron’Hadr rademarksT esentation is not intended to, and does not espective owners, and such use or display in this property of their re the prd parties, which aron, GigCapital7 and thiresentation contains trademarks, service marks, trade names, and copyrights of HadrThis pr esentation may appear without the Ted to in this preferron or GigCapital7. Solely for convenience, the trademarks, service marks, trade names, and copyrights relationship with or an endorsement or sponsorship by or of Hadr, a rimply, SM, M*, or © , to such trademarks, service marks, trade , their rights or the right of the applicable owners, if anyon or GigCapital7 will not assert, to the fullest extent under applicable law, that Hadre not intended to indicate, in any wayences arefersymbols, but such r names, and copyrights. esentationApril 2026 Investor Pr 03 rademarksT


ee ArWho WApril 2026 Reliable, ee Carbon-Fr Power TM on HaloThe Hadro Micr Modular Reactor (MMR) can power next-generation data emote communities, centers, r military bases, factories & e.mor e10 MW 35 MWth 10 year ELECTRICAL POWER THERMAL POWERFUELING CYCLE esentationApril 2026 Investor Pr 04


kerspeaSApril 2026 odayTs ’ Speakers SAMuel gibsonRahul ShukLaROSS RIDENOUREANDREA EILV a.Drvi katz Founder & CEOCHIEF FINANCIAL OFFICERCHIEF NUCLEAR OFFICERHEAD OF REACOR LICENSINTG (1) ExecutiveChairman of theboard 2X Global Engineering 4 years as Chief 3X Chief Nuclear Officer ector of the Office of the Dir~40 years of international om American Leader fr, Stem, Accounting Officerwith over 35 years of U.S. Nuclear Regulatory c innoehDeep Tvation and Society of Mechanical Inc.executive experience in Commission (NRC) since ceutixvee leadership Engineers (ASME).nuclear power2021 20+ years of work Extensive leadership in Founder of giCapital G eer starting in NRC car ch esear5+ years of ross public-experience acrnuclear engineering, GbO,loi alptix, and gG 1992, including a experience in mechanical company finance, M&A & egulatory licensing, and rgAic quisitions (1-9)G CongessrF llowaionelship and nuclear engineeringcapital marketsfairs afentities in 2003 U.S. Navy Commander eneur and eprVisionary Entr4 years in Senior Finance (Ret.) withdvis ary ovExe in perienxtensie ecoliead on a prLfi portfolio c eam Builder for Industrial TLeadership, Natera, Inc. & erxpee,includingenci Lensin g,imanagcing of M&A I,,PO and AC e-SPD CompanieseHealth, Inc.ndNuScale ae thIAEA rulemaeking and mortransactions April2026esentationInvestor Pr (1)Contract Position 05


ectorsdDirof BoarApril2026 samuel gibsonralph hunterbryan timm Chair of the Audit Committee and Non-Independent BOARD OF DIRECTORS TION member of the Audit and COMPENSA tion member of the Compensa member and Chief Executive OfficerCommittees Committee on and Halo MMR Founder & CEO of HadrecogniGlobally red nuclear executive with z35 esidentFormer Columbia Sportswear PrCOO// ger with . He is leading a $796m mervisionaryyears of experience in SMR development. Held ent GigCapitalCFO and curr. He 8 Audit Chair GigCapital7 to become the first publicly traded oles at Orion Nuclear & esidential rCEO and prbrings deep public-company governance, light-water MMR companyConstellationfinance, and capital-marets expertisek dr. raluca dinukermanadrian zuct lewisrober tion Committee Chair of the Compensating AND Member of the Nominating and member of the Nomina ting and and member of the Nominate GovernanceCorpora and ,te GovernanceCorpora, and the Audit te Governance CommitteeCorporation CommittiescompensaCommittees . CEO of QT Imaging and GigCapital PartnerUFormer .S. Ambassador to Romania and RC DNeputy Executive Former ector with Dir32 Semiconductor veteran with global gy security . Expert in enerinternational attorneyyears of leadership. Expert in nuclear safety and manufacturing, operations, and public-egulatory oviding strategic rand geopolitics, prrulemaon on licensing and king, advising Hadr company transaction expertiseand governance leadershipegulatory strategyr raanan horowitzvi dr. atzak ting and Chair of the Nomina Executive theof Chairman Board, te Governance Committee and Corpora member ofthetion,Compensa tingNomina Member of the Audit Committee teCorpora ANDGovernance Committees Former Elbit Systems of America CEO, scaling 2+GigCapital Founder and serial PPE issuer with 1 ector the defense firm to $1.6B. A GigCapital7 dirpublic listings. 40-year tech innovator and Ph.D. and national security expert with deep experience engineer with deep publicprivate C-suite / in global manufacturing and innovationexperience PostClosing ectorsd ofDirBoar 202April esentation6 Investor Pr 06


AMTApril 2026 otal T $5-9B$6-12B$5-18B (1) (2) (3) essable Addr DoW Fixed Installations Remote Industrial & Mining Data Centers & Hyperscale Fixed Infrastructure OnlyHigh Diesel Displacement24/7 Carbon-Free Demand Market 15-40 Near-term Candidate f-grid Mine Sites50-150 Of50-200 Sites Tier 1: Immediate business Sites (AFCEC & Army) . development priority on's Immediate users of Hadr esenting low epreactor re r10MW hanging fruit opportunities site DoD¹count and Te om: Offico DOEMderiver Adf f R emote indu²Tstrial M:A Wezie dMRamckooenote 3D ata center TA site M andcouRnt: IDC esearD ata ch, NucnerElear gyFY202essional Budgon5g Cret PoMwarer ket Outlook 202mb 5;Blooer AgNEFdevand center CNuclear PooSuy:er Prrvewent Intentions mecur Juficsti198);(DOE/CF-0ation ANucFCEC lear nerEgy Nucklear arMet 5.eport 202Rd Tane Prgychnoloeenes 202cferI5 #US51DC (34825); 2 amC(NECs Initiative upmragoI pr)docum entation.BmblooergNEF AeNucdvan cdlear et arkMReport 2025. esentationApril 2026 Investor Pr 07


AMTApril 2026 Tier 2: Secondary business development priority essable Marketotal AddrT .e opportunityesent a futureprThese markets r $2-5B$3-8B$4-10B$4-10B Island & Remote Communities AL & UTILITY MICROGRIDS MUNICIPIndustrial Combined Heat & Power Emerging Markets 20-50 Addressable Sites100-400 Addressable Site200-500 Addressable Siteerm PipelineLong T AM and site count: DOE emote community T4 Island and reactor orAM: EPRI Microgrid T5 Municipal and utility micrAM and outlet 6 Industrial combined heat and power TgNEF Advanced Nuclear AM: Bloomberging markets T7 Emer eactor Deployment or, MicrgyOffice of Island EnergNEF Advanced Market Assessment 2024; Bloombere: EPRI Industrial Decarbonization Pathways: temperaturMarket Report 2025; The Rockefeller Foundation, The Role Opportunities for Remote Communities (DOE/EE-2801), Nuclear Market Report 2025.e Envelope emperaturWR TNuclear Heat Applications and Lgy Abundance gy in Powering Universal Enerof Nuclear Ener echnology gy Tging Energy Authority Emer2024; Alaska Ener(EPRI 3002027193), 2024.ging Economies, December 2025. Country eligibility for Emer ogram documentation, 2024. Diesel cost range for Fund preement partners per US limited to US Section 123 Agr ogram Review eactor Proremote communities: INL Micrreements for Peaceful , 123 AgrgyDepartment of Ener eactor Market Assessment 2024.orFY2024; EPRI Micr, 2026.egistryCooperation r esentationApril 2026 Investor Pr 08


AMTApril 2026 ~30,000TWh$0.15$4.5T (1)(2) Global Electricity Demand by 2026 verage Cost per kWh Global ATED ELECTRICITY MARKETESTIMA Market Size Estimate A Massive Market Opportunity ongly in 2025 and 2026 ow strce: (1) IEA, Demand: Global electricity use to grSour ransitiongy Te, Journalism for the Energy Wirce: (2) Clean EnerSour 09


ailwindsIndustry TApril 2026 Compelling Industry ailwindT Significant market and SIGNIFICANT GOVERNMENT A CENTER ENERGY TAI & DAY OF NRC HISTOR ovide egulatory tailwinds prr TSUPPOR DEMANDALAPPROV favorable conditions for ders signed in May 2025, 4 Executive Orom AI data centers alone Electricity demand fre the only type of eactors arater rLight W om NRC / ANCE Act 2024, and support frADVwill 4X+ by 2030 (1),making MMRs an attractive oval by The U.S. eceived apprdesigns that have r .on EnergyHadr gy DOE / White House bolster the Nuclear Enereliable powersolution for clean, rNuclear Regulatory Commission, with 94 prior momentumovals, including 1 SMR (2)appr INVESTOR & HYPERSCALER TECHNOLOGICAL GLOAL PUSH FOR LOBW INTERESTANCEMENTSADVBONCAR gy e exploring MMRs for their enerCompanies are eactor corContinuous advancements in rong push for lowA strgy solutions carbon ener- on engaged in advanced needs, with Hadres, & digital integration for design, safety featurto combat climate change is an important driver discussions for data center applicationsMMR efficiency and performance based on for MMR markowthet gr Naval Reactor technology gy Agency (1) International Ener (2) United States Nuclear Regulatory Commission 10


indswail TyIndustr6April 202 windsailMicroreactor Policy Tact to HadronImp ederal F eview edictable rPushes NRC to pursue binding, pron uses LEU+ (not HALEU), a faster Even though Hadr ders Executive Or upport Sor F timelines NRC is equally beneficial for LEU+ designs rump 2025)(T ecycling” of validated DOE/DOD tests Encourages “rAbility to negotiate pilot sitings on federal sites earlierfor Nuclear demonstration and validation Eases siting on federal land Evidence off a avorable onmental eamlines the nuclear licensing and envirStron qualifies under MMR guidance, accelerating the Hadr ANCE Act ADV egulatorryor fonment envir ocess eview prrocess eview prr (2024) Nuclear Energ.y Reduces financial barriers and incentivizes new educes technical and Lowers licensing uncertainty and r eactorsadvanced rfinancial risk ocess for small, factory-built egulatory prQuicker rs on’den on Hadregulatory burSignificantly lower r Nuclear s on’eactors like Hadrrn applicatio Regulatory Use of LEU+ fuel aligns safety and materials onmental May potentially avoid lengthy envir Commission ecedentsevaluationswith prdlesegulatory hureviews and other rimpactr (NRC) Allocates HALEU, planning fuel supply base, backing Ed fforts signal a favorable policy orientation towar Department of pilot deployments oeactor prrects j Energy (DOE) oeactor pruilding out the fuel ecosystem, so rBjects DOE supply-chain and industrial base investments t starved for fuelen’areeduce risk for components, and infrastructurr 2026April esentation nvestor PrI 11


echnologyTApril 2026 One Platform. Endless Energy Applications. edefine eactors ro modular rs micron’Hadr HALO , serving as both power plants and heat versatility ces for a variety of sectors. By integrating sour ocess heat in one deployable electricity and pr on will unlock new economic value, system, Hadr oject timelines, and accelerate the shorten pr e gy infrastructurtransition to sustainable ener worldwide esentationApril 2026 Investor Pr 12


echnologyTApril 2026 way alk AA W 1 - Containment Skin ession Pool5 - Suppr Safe Design e vessel that contains essureactor pr3-4 inch thick steel r ession pool that acts as the oximately 60,000 gallons of water filled supprAppr e, steam generator and primary coolanteactor corthe r Ultimate Heat Sink TM on HaloThe Hadris designed with five layers of containment. essele Vessur2 - Pr om the outer shell to the fuel Fr e vessel that contains essureactor pr3-4 inch thick steel r e, steam generator and primary coolanteactor corthe r coating, it is designed to be walk-away-safe and .community friendly conium Cladding3 - Zir e vessel that contains essureactor pr3-4 inch thick steel r e, steam generator and primary coolanteactor corthe r 4 - Fuel Pellet e vessel that contains essureactor pr3-4 inch thick steel r e, steam generator and primary coolanteactor corthe r esentationApril 2026 Investor Pr 13


echnologyTApril 2026 e Designs Unique Coron’Hadr od oprietary modular lattice of 15x15 re uses a prs coron’Hadr assemblies which facilitate balanced power distribution, efficient fuel om startup to end-of-lifeuse, and flexible operation fr Modular Scalabilityoved Power FlatteningImpr es a fraction of the equirOur 10MW rStrategic placement of burnable , ed to wind and solarland comparpoison in the 15×15 array smooths making it the most space-efficient , keeping power eactivityout excess r eliable decarbonizationpath to reoss the cordistribution even acr Extended Fuel CycleEnhanced Reactor Behavior educed ol means rBetter flux contreactor operation essive rLess aggr localized burnup, enabling longer fuel educes wear and tear on the r efuelingcycles and fewer outages forrol, and system, allows finer contr educes maintenancer esentationApril 2026 Investor Pr 14


echnologyTApril 2026 Supply Chain Flexibility Operational & oader supply chain support for Br esulting in eactors rlightwater r cial Commer expedited delivery times Advantages 24/7 Uninterrupted Power ater oven Light-WBuilt on Pr Having a constant power supply is , echnologyReactor T e even a indispensable for data centers, wher ed for Rapid Engineer brief outage can lead to costly downtime Deployment Ideal for Industrial Applications s 35 MW of thermal power is perfectly Our MMR’ suited for a range of industrial applications ocess heat and electricityequiring both prr ear LEU+ Fueling Cycle10 Y he 10Tyear low enriched uranium fueling cycle - educes operational costs by drastically r efueling equent reliminating the need for fr esentationApril 2026 Investor Pr 15


echnologyTApril 2026 Decades of Licensing History Regulatory & WRs have been in commerLcial operation for ~70 years, providing a robust foundation Licensing of operating data and licensing framework Advantages The only NRC approved Reactor s unique design and on’Hadr WRs rLesent 100% of operating repreactors Licensing Strategy grants key in the U.S. due to their proven technology & egulatory & Licensing r established regulatory familiarity advantages. Compact Modular Design voiding the complex rAegulations of large SMRs, our streamlined are ensurchitectures faster permitting and flexible deployment oved LEU+ Fuele-ApprPr Utiliing Lowz-Enriched Uranium (ELU leverages ) an established regulatory framework, avoiding the extended approval timelines of exotic fuels April 2026 Investor Presentation 16


RoadmapApril 2026 2025 2026 2027-2028 2029 LaunchDesign VerificationoductionPrDelivery NRC Letter of Intent *opical & TTechnical Reports *Reactor Demonstration oval Apprfor died MMR zStandar itingS NRC Regulatory Engagement Plan *Establish Principal Design Criteria Subcomponent Manufacturing Deliver MMRs to Early Customers Private Meeting with NRCEarly Contract RevenuesSubcomponent Testing Power Purchase Agreements, Direct NRC Public MeetingsReadiness Assessment AuditConstruction Assembly& alesS and Operating Agr,eements Early Customer IdentificationhitepapersWanufacturing License Application *M Conceptual Design ReviewFinal Design & Prementocur Comd bineOperating License Application * QA Program Description * THE HADRON ROADMAP — A CLEAR PTH TO POWER DELIVERAY ce: (1) IEA, Demand: Global electricity use to grSourow strongly in 2025 and 2026 ce: (2) Clean EnerSourgy Wire, Journalism for the Energy Transition 17


Scalability Scalability & Efficiency . Compact Power Massive Impact. es overbuild, storage, equirIntermittent generation r e e to ensurand extensive transmission infrastructur eactors deliver ore micrs 10 MWon’. Hadreliabilityr ectly at the point of demand, always-on power dir eliminating dependency on grid expansion. Compact, co-located with data centers, and esent the most space- eprfactory-deployed, they r e-efficient path to firm, and infrastructur . Distributed deployment of decarbonized power thousands of units enables materially lower total educing transmission, distribution, system cost by r and system integration overhead. esentationApril 2026 Investor Pr 18


Competitive AdvantageApril 2026 (2) ater Design10MW Light W s on’Hadr Competitive Lower Anticipated (1) ~$80M 00M00M Unit Cost Advantage Compact fective land usage than other e efMor es- acres< acr e)ces (<1 acrenewable energy sourr Footprint ried-and-true T void costly development and testing A eliable sodiunrovennpr ed to non lightwater designscompar eactorscooled resigns components edits or ent or potential tax cr(1) Does not include curr any other government grant or subsidy Publicly available ince:S(2) ourormationf void expense and delays during Ancertain olled Quality Contrikely to face ed to larger construction compardeploymen delays Manufacturing eactor deploymentsrtimelein Nth-of-a-kind manufacturing and egimes oduces novel licensing rntr Deployable, fering distributed deployment modelofandrisk factors that may delay Reliable Power power generationlicensing esentationApril 2026 Investor Pr 19


eamTApril 2026 All Star Engineering Team. Deep Regulatory ound.Backgr om leading rFregulatory bodies like the NRC to pioneering opulsion systems at NASA, our all-star team brings frprontier engineering expertise, institutional excellence & path to partnerships that can redefine the nuclear ecosystem. In the months ahead, Hadron will expand its team across digital eactor systems, advanced manufacturing, and safety arre chitectur — bringing together world-class engineers, modelers, and builders to accelerate prototype development and carry our reactor from simulation to r. eality I Y N DR UST April 2026 Investor Presentation 20


eamTApril 2026 uilt ’Bve eW eam ThaThe Tt Deliver Can e of The Futur Samuel GibsoneRoss RidenourKen Canavand, PhDarew WAndrRahul Shukla Founder & CEOChief Nuclear OfficerChief Operating Officerechnology OfficerChief TChief Financial Officer Energy eneur and 2 time eprSerial Entree Time CNO at Parsons, Threviously held executive Prch eviously Assistant ResearPreviously Chief Accounting Pr ASME Global Engineering Leader Southern California Edison, & leadership positions at EPRI & Scientist at the University of fiOfcer at Stem, Inc. Omaha Public Power Districtestinghouse (CTO) WMichigan (1) Contract Positions Hand, POlivia E.. MRyan ottBusseyTimothy Vea AndreilBenoit Forget, PhD Head of Reactor Design ector of DirLicensing & OperationsP of Vusiness DevelopmentBHead of Reactor Licensing (1), Reactor Physics (1)Advisor eviously Principal Engineering Pr eviously a Nuclear Engineer & Previously Data Center Pracility Fector of the Ofeviously DirPrfice of Head of Nuclear Science and erraPowerpositions at T Patent Attorney with experience at Campus Manager at MetaNuclear ReactorRegulation (NRR) Engineering at MIT & NuScale the NRC esentationApril 2026 Investor Pr 21


Demonstrated ractionT prilA2026 e'veW assembled an all-star engineering team, launched digitaltwin development,and filed 4 NUCLEAR IS SLOW patents, bothutility anddesign, alongside securing 6copyrights and trademarks. Our ougheakthrbr patent-pendingMMR ecor designanchors a ongstr IP foundation as we engage with the OD,DOE D, and NRC. Having eadyengagedalr at the letter ofintent stage with emorthan 6 potentialcustomers, BUT WE ARE FAST onHadris scaling fast. Market Overview lciaCoermmTraction Multiple GWs Pipeline of est FrInterom Potential Customers Significant Government DOE Projects Power Growth -term OpportunitiesNearfor Hundreds of Units Supportof 15-20% by 2035(1) 100% of Approved Reactors in ong Push for Low Carbon StrActive Discussions with the U.S. are Light Water Designsgy SolutionsEnerLeading Hyperscalers oductPrRegylatoru & tincieSc fiEngagemsnte ear Refueling Cycle10-Year Useful Life 50-Y 10 MW of Electrical Power35 MW of Thermal Power April 2026 Investor Presentation 22


Competitive AdvantageApril 2026 Tsranaction lightigHhsceSour s & sesU($ illionM s) Illustrative SOURCES Implied pre-money equity value of $600M aluationV ransaction T on EnerHadrgy Rollover Equity (4) $600.0 Transaction implies ~$796M pro-forma enterprise value Cash in Trust (2) $213.5 Overview with otal sourTces$813.5 Assumes ~$213.5M at $10.67533 per share Financing 100% Trust om Cash in Tfrrust Expected uses include OPEX & MMR SOURCES RetentionDevelopment $600.0 onHadr gyEnerRollover Equity4() $1999 . Cash in rustToceedsPr (1) on Energy sharHadreholders would roll 100% Deal $13.6 ransactionTExpenses of their equity and are expected to have a pro- eStructur forma equity ownership of 64.3% $813.5 otal Tcessour uorS :ce(1) 7i GgCapitalash-cin-st pltrus uon rdHacash Transaction Hhligigthso ForrPa mOwshpiner less illustrative epenses. x Ass2()umes 0% of s7apitalgCiGdolheers eharerxcise deption riemrts to rgheeive casch omrf trst auont at ccu PF Shares Outstanding (Millions) 93.3 es harS% losincg. illion(Ms)Owshnerpi e Price ($) (3)Shar$10.67533 )(3B on rdaseemdeption price as o April f 2026 as 1, stated in the istration eRgStatemt en (4) on raHdEnergy ollover REqu ityValue based on a PF Equity Ve alu99$.0 6 ondrHa 6064%.3 $100 per s.0e arh () P- FN etCah s(1) ($1999). pSac Sonpsor 13.314%.3 bPlic Suolsderehhar20 21.4% PF nterEripe Vsalue$79.16 April 2026 Investor Presentation 23


Entry PointApril 2026 Primary e Comparables Cor ARGETTMMR / SMR TECHNOLOGY $25,562 ? $9,852 Median Market Cap: $2,662 9.2x 1.5x $3,305 10.3x ? $2,337 $2,276 8.1x $1,196 $957 $857 $600 $148 $395 ciale-CommerProvedNRC Apprciale-CommerPrciale-CommerPrciale-CommerPrciale-CommerPrciale-CommerPr Stage WR (Gen III+)LWR (Gen III+)LHTGR (Gen IV)LM-MFFR (Gen IV)HTGR (Gen IV)GCR (Gen IV)IMSR (Gen IV) T ype Reactor Y POINTTTRACTIVE ENTRA ce: FactSet Data as of 4/13/2026 Sour eementollover equity per business combination agre-money r(1) Based on pr (2) Does not include any private placement or public warrants 24


Building the future grid — clean, compact, unstoppable. 25 Thank you