/Companies

ASP Isotopes

NASDAQ: ASPI

Dallas, US · Founded 2021 · Delaware corporation

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ASP (ASP Isotopes) is an advanced materials company developing proprietary technology and processes to produce and enrich isotopes for markets including nuclear medicine and therapeutics, green energy generation, and quantum computing. Its initial focus is constructing plants in South Africa to produce highly enriched isotopes for the nuclear medicine market.

Founders & leadership

ASP Isotopes was founded in 2021 by Paul Mann.

PMPaul Mann
Paul MannFounder, Executive Chairman and Chief Executive Officer
HKHeather Kiessling
Heather KiesslingChief Financial OfficerHeather Kiessling is an executive officer at ASP Isotopes, an advanced materials company focused on isotope production and enrichment. She has held operational and finance leadership roles across medical equipment and pharmaceutical companies, with expertise in financial planning, manufacturing operations, and cross-functional team management.
RA
Robert AinscowExecutive
DADonald Ainscow
Donald AinscowEVP, General Counsel and Secretary
HSHendrik Strydom
Hendrik StrydomExecutiveHendrik Strydom holds a PhD in Physics from the University of Natal and has spent over three decades in isotope separation and advanced materials research, including roles at South Africa's CSIR and Atomic Energy Corporation where he led the development of molecular laser isotope separation (MLIS) technology for uranium enrichment, and subsequently co-founded Klydon to advance enrichment and gas separation technologies.
SV
Sergey VasnetsovNamed on SEC filing
JD
Joshua DonfeldNamed on SEC filing

Board

MG
Michael GorleyBoard director
RL
Ralph L. Hunter, Jr.Board director
SN
Sipho N. MasekoBoard director
DM
Duncan MooreBoard director
RR
Robert RyanBoard director

Reported raises · per SEC filings

Form D private placements

$114.2M disclosed across 2 rounds · 2023–2026

▶$109.2MraisedJul 2026 · 11 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Paul E. MannExecutive Officer, Director
  • Michael GorleyDirector
  • Ralph L. Hunter, Jr.Director
  • Sipho N. MasekoDirector
  • Duncan MooreDirector
  • Robert RyanDirector
  • Todd WiderDirector
  • Heather KiesslingExecutive Officer
  • Robert AinscowExecutive Officer
  • Donald AinscowExecutive Officer
Offering amount
$109.2M
Amount sold
$109.2M
First sale
Jul 2026
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5MraisedMar 2023 · 1 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • Robert AinscowExecutive Officer
  • Sergey VasnetsovDirector
  • Todd WiderDirector
  • Hendrik StrydomDirector
  • Joshua DonfeldDirector
  • Duncan MooreDirector
  • Paul E MannExecutive Officer, Director
Offering amount
$5M
Amount sold
$5M
Minimum investment
$5M
Sales commissions
$400K
Proceeds to insiders
$4.5M
Placement agents
H.C. Wainwright & Co., LLC
First sale
Mar 2023
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$125.4Mvaluation at IPONov 2022 · $4.00/share · 424B4
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

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In the news

Frequently asked questions

What does ASP Isotopes do?
ASP (ASP Isotopes) is an advanced materials company developing proprietary technology and processes to produce and enrich isotopes for markets including nuclear medicine and therapeutics, green energy generation, and quantum computing. Its initial focus is constructing plants in South Africa to produce highly enriched isotopes for the nuclear medicine market.
Who founded ASP Isotopes?
ASP Isotopes was founded by Paul Mann in 2021.
How much funding has ASP Isotopes raised?
ASP Isotopes has disclosed $114.2M raised across 2 rounds.
Where is ASP Isotopes headquartered?
ASP Isotopes is headquartered in Dallas, US.