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Reg A+TRL98.7–9.0Tier IIOpen

Ironbound Forge

Ironbound Forge Expansion Notes

A seventy-year-old forge with an ASME Section III stamp and a backlog it cannot currently fill.

The bottleneck in nuclear construction is rarely the reactor. It is large-diameter forgings, and there are very few shops in the country qualified to make them. Ironbound has been forging since 1954, holds an ASME Section III certificate, and turns away work. Proceeds buy a second ring forge. Revenue is contracted across six developers, so no single reactor program determines the outcome.

Ironbound Forge Works · Coatesville, PANot applicableEscrow: Meridian Trust, N.A.
TRL 9 of 9, band 8.7 to 9, signed by Dr. Samuel Adeyemi, PhD Nuclear Engineering; ASME Section III reviewer, on Jul 7, 2026.See the evidence it rests on

$9,408,000 committed of $32,000,000

$9,408,000 released · 29% subscribed

Released to the issuerCommitted, held in escrowRemaining
Minimum
$500

$100 per unit

Target coupon
6.25%

Annual, fixed

Term
6 yr
Investors
1,046

Closes February 28, 2027 · 168 days remaining

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No payment processor is connected. The commitment flow runs end to end, through amount, agreement, signature and receipt, and records a simulated position rather than a charge.

Capital release schedule

1 of 2 rungs released

Release is structured as staged closings rather than withheld proceeds. Amounts shown are cumulative against the $9.4M committed to this offering.

  1. Ring forge foundation and installation

    Capital released
    TRL target
    TRL 9
    Cumulative release
    100% · $9,408,000
    Certified
    July 25, 2026

    Verified by: Independent construction progress certification

    Certifier: Cordell Independent Verification

  2. Second forge qualified under Section III

    Pending
    TRL target
    TRL 9
    Cumulative release
    100% · $9,408,000
    Target
    June 30, 2027

    Verified by: ASME certificate extension; first article acceptance

Committed
$9,408,000

Held by the escrow agent on subscription

Released to the issuer
$9,408,000

100% of committed capital

Still escrowed
$0

Unlocks on the next certification

Escrow agent: Meridian Trust, N.A.. Certification is performed by an independent party with no economic interest in the release.