Foley Advises SHINE Medical Technologies in Merger with Phoenix LLC

Foley & Lardner LLP served as lead legal counsel to Illuminated Holdings, Inc. and its wholly-owned subsidiary, SHINE Medical Technologies LLC, a next-generation nuclear technology company, in its acquisition of Phoenix LLC, a manufacturer of commercial neutron generators. Under the terms of the merger, which was completed on April 15, 2021, Phoenix has become a wholly-owned subsidiary of Illuminated.

SHINE is focused on advancing fusion technologies to deliver on the long-term promise of clean fusion energy and, ultimately, benefit the planet and humankind. This merger is part of SHINE’s four-phase plan for producing clean energy from fusion – at each phase, SHINE is focused on building additional capacity and capability while deepening scientific understanding of fusion technology as it progresses to clean fusion energy production.

The Foley team was led by Paul Wrycha and Jason Hille and included Eric Lauria-Banta, Katie Conterio and Austin Kissinger (corporate); John Palmer (tax); Joshua Agen and Kathleen Bardunias (employee benefits); Edward Hammond and Natalie Neals (finance); Erin Toomey (government contacts); Carmen Decot (labor and employment); Christopher Swift (government solutions); Gregory Neppl (antitrust); Ethan Lenz (insurance); and Hillary Vedvig (environmental).