Terrestrial Energy Inc. (IMSR)

Company

Terrestrial Energy Inc. (IMSR)

SPAC: HCM II Acquisition Corp. (HOND)

StatusOct 29, 2025
Nuclear PowerNuclear Power
Merger / DESPACMerger / DESPAC
  1. 0%SPAC/IPOIPOAug 2024Unit Split · Oct 2024
    0%SPAC/IPOIPOAug 2024Unit Split · Oct 2024
  2. 25%LOILOI
    25%LOILOI
  3. 50%AgreementDealMar 2025
    50%AgreementDealMar 2025
  4. 75%Merger voteVoteOct 2025
    75%Merger voteVoteOct 2025
  5. 100%MergerMergerOct 2025
    100%MergerMergerOct 2025
7M6M9D

Merger · Oct 2025

SPAC/IPO details
1 unit consists of 1 share + 1/2 Warrant
Prospectus volume (424B4)200 m USD20,000,000 Units · 10 USD/Unit
IPO closed (8-K)230 m USD23,000,000 Units · 10 USD/Unit

Terrestrial Energy is a developer of Generation IV nuclear plants that use its proprietary Integral Molten Salt Reactor (IMSR) technology. IMSR technology captures the full transformative operating benefits of molten salt reactor technology in a plant design that represents true innovation in cost reduction, versatility and functionality of nuclear energy supply. IMSR plants will supply zero-carbon, reliable, dispatchable, low-cost, high-temperature industrial heat and electricity for a dual-use energy role relevant to many industrial applications, such as chemical synthesis and desalination. In so doing, they extend the application of nuclear energy far beyond electric power markets. IMSR plants have the potential to make substantial contributions to industrial competitiveness, energy security, and economic growth. Their deployment will support rapid global decarbonization of the primary energy system across a broad spectrum. Terrestrial Energy uses an innovative design, together with proven and demonstrated molten salt reactor technology, which offers a unique set of operating characteristics to deliver high and compelling commercial potential. Terrestrial Energy is engaged with regulators, suppliers and industrial partners to build, license and commission the first IMSR plants in the early 2030s.

Former names

NameUntil
Terrestrial Energy Inc.Sep 26, 2025

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