Ultra Safe Nuclear Corp. Files for Chapter 11 Bankruptcy

Ultra Safe Nuclear Corp., a privately held nuclear fuel and reactor-parts provider, filed for Chapter 11 bankruptcy in Delaware on Tuesday.

The Seattle-headquartered company listed between $50 million and $100 million in estimated liabilities, and $10 million to $50 million in estimated assets, according to court papers.

Ultra Safe Nuclear said it entered into a stalking horse agreement with Standard Nuclear Inc. on Monday to purchase substantially all of the assets for a $28 million cash offer, according to separate court documents. The bid will set a floor for the assets, subject to better offers.

JMB Capital Partners ...