Terrestrial Energy Inc. agrees business combination with HCM II Acquisition Corp.
Type: Investment · Technology: Nuclear, Industrial · Country: Canada · Capacity: 390 MW · Value: $280M · Announced: 2025-03-26
Terrestrial Energy Inc. will become a publicly traded company through a business combination with HCM II Acquisition Corp., providing approximately $280 million in gross proceeds and valuing Terrestrial Energy at a pre-money equity value of $925 million to accelerate commercial deployment of its IMSR molten-salt small modular nuclear reactor technology.
Counterparties
- HCM II Acquisition Corp (Buyer)
- Terrestrial Energy Inc (Developer)
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