StoryFunding
Terrestrial Energy and HCM II Acquisition Corp. announce merger agreement and plan Nasdaq listing
Terrestrial Energy agreed to merge with HCM II Acquisition Corp. to go public on Nasdaq. The transaction raised $292M in gross proceeds, including PIPE financing, to accelerate commercial deployment of the IMSR and expand engineering and regulatory teams.
- First molten salt reactor developer to go public.
- Nasdaq ticker symbols: IMSR (common stock) and IMSRW (warrants).
- $292M gross proceeds to accelerate IMSR deployment and licensing.