Summary:
Andrew Cuomo holds $3 million in undisclosed stock options with Nano Nuclear Energy Inc.
Nano aims to create portable nuclear reactors for critical applications.
Cuomo's options could be worth $3 million but were not included in his financial disclosures.
His spokesperson stated they will work with the Conflict of Interest Board for necessary amendments.
Market analysts express concerns about Nano's leadership and industry experience.
Andrew Cuomo's Undisclosed Options
Former New York Governor Andrew Cuomo holds $3 million in options for a fledgling nuclear startup, Nano Nuclear Energy Inc., which he failed to disclose to an ethics board while campaigning for mayor of New York City.
The Startup's Ambition
Nano Nuclear aims to develop portable nuclear reactors for deployment in data centers and disaster zones. Cuomo joined the company's executive advisory board shortly after meeting its founder, Jiang “Jay” Yu, at a networking event.
Financial Details
Cuomo received 125,000 stock options from Nano, potentially worth $3 million at the current market price. His net worth is reported at $3.4 million. Despite holding these options, they were not included in his financial disclosures.
Ethics Board Response
Cuomo's spokesperson has promised to amend disclosures based on the Conflict of Interest Board's guidance. Cuomo has pledged to avoid conflicts if elected mayor.
Skepticism from Analysts
While Yu praises Cuomo's connections, market analysts express skepticism about Nano's viability, citing a lack of industry experience.
Previous Consulting Roles
Cuomo has also advised a cryptocurrency exchange, OKX, during a federal investigation, further complicating his public image as he seeks to return to public office.
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