Palisade Modular Systems
Palisade Oswego Unit 1
Fixed-rate notes on a three-module SMR with ITAAC closure underway and twenty years of contracted offtake.
Palisade is building three 77 MWe modules on the site of a retired coal station in Oswego, New York. Module one is complete and qualified; inspections, tests, analyses and acceptance criteria are being closed against the combined license. Proceeds fund the second and third modules. Notes pay a fixed 7.25% annually with principal at year seven, secured by a first lien on the module assets and backstopped by two twenty-year power purchase agreements.
Running concurrently over the same project
Rule 152 permits an issuer to run more than one offering at the same time. The same reactor backs both, on different rails, with different eligibility.
$31,240,000 committed of $48,000,000
$21,400,000 released · 65% subscribed
- Minimum
- $1,000
- Target coupon
- 7.25%
- Term
- 7 yr
- Investors
- 2,184
$100 per unit
Annual, fixed
Closes November 30, 2026 · 78 days remaining
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Offering documents
The filing set is determined by the rail. This offering is a Regulation A+ Tier 2 offering.
- Not available in demo
Form 1-A offering circular
Form 1-A · 12 pages · filed May 18, 2026
- Not available in demo
Offering circular supplement
Form 253(g)(2) · 49 pages · filed May 18, 2026
- Not available in demo
Subscription agreement
Agreement · 86 pages · filed May 18, 2026
- Not available in demo
Audited financial statements
Financials · 123 pages · filed May 18, 2026
- Not available in demo
TRL assessment report
TRL report · 160 pages · filed May 18, 2026
- Not available in demo
Milestone and capital release schedule
Schedule · 17 pages · filed May 18, 2026