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.

Oswego Energy Center · Oswego, NYITAAC in progressEscrow: Meridian Trust, N.A.

TRL 8 of 9, band 7.6 to 8.3, signed by Dr. Helena Vargas-Mbeki, PE, Nuclear; former NRC senior reactor analyst, on Jul 14, 2026.See the evidence it rests on

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.

Rule 147A · Oswego Community Tranche

$31,240,000 committed of $48,000,000

$21,400,000 released · 65% subscribed

Released to the issuerCommitted, held in escrowRemaining

Minimum: $1,000
Target coupon: 7.25%
Term: 7 yr
Investors: 2,184

Closes November 30, 2026 · 78 days remaining

Eligibility depends on residency, accreditation status and how much you have already invested this year.
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Instrument and terms

Instrument: Fixed-rate note
Risk tier: Tier II · Operating Assets
Target coupon: 7.25%
Expected term: 7 yr
Price per unit: $100
Minimum investment: $1,000
Target raise: $48,000,000
Opens: May 18, 2026
Closes: November 30, 2026
Escrow agent: Meridian Trust, N.A.

Regulatory rail

Exemption: Regulation A+ Tier 2
Offering ceiling: $75M / 12 mo
Who can buy: All investors, 10% of income or net worth
Resale: Freely tradable
Resale restriction: None
Residency: No restriction
Accreditation: Not required

Secondary tradingComing soon

Freely tradable does not mean there is a market. An alternative trading system for platform securities is planned and is not operational.