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Terrestrial Energy Inc. Completes Business Combination and Secures DOE Program Selection

HOND

M&A

New Projects/Investments

Terrestrial Energy Inc. (formerly HCM II Acquisition Corp.) completed a business combination on March 26, 2025, which involved the merger of HCM II Merger Sub Inc. into Terrestrial Energy Inc., with Terrestrial Energy Inc. surviving as a wholly-owned subsidiary and HCM II being renamed "Terrestrial Energy Inc.".
Concurrently with the business combination, the company secured $50,000,000 from PIPE Investors through the subscription of 5,000,000 New Terrestrial Common Shares at $10.00 per share.
On September 30, 2025, the company was selected for the U.S. Department of Energy Office of Nuclear Energy Fuel Line Pilot Program, which aims to ensure a robust supply of nuclear fuel for research, development, and demonstration purposes.
The company's capital structure authorizes 500,000,000 shares of common stock and 1,000,000 shares of preferred stock, both with a par value of $0.0001.

Nov 3, 2025, 10:28 PM

HCM II Acquisition Corp. and Terrestrial Energy Announce Effectiveness of Business Combination Registration Statement

HOND

M&A

Proxy Vote Outcomes

HCM II Acquisition Corp. and Terrestrial Energy Inc. jointly announced on September 29, 2025, that the U.S. Securities and Exchange Commission (SEC) declared effective the Registration Statement on Form S-4 for their proposed business combination.
An Extraordinary General Meeting of HCM II shareholders is scheduled for October 20, 2025, at 9:30 a.m. Eastern Time, to approve the Business Combination and related matters.
Holders of HCM II's Class A and Class B ordinary shares as of the September 24, 2025 record date are entitled to vote at the meeting.
Assuming satisfaction of closing conditions and shareholder approval, the post-Business Combination company intends to list its securities on the Nasdaq Stock Market LLC under the proposed symbols "IMSR" and "IMSRW".

Sep 29, 2025, 9:12 PM

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