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HCM II Acquisition Corp. Class A ( (HOND) ) just unveiled an update.
On March 26, 2025, HCM II Acquisition Corp. and Terrestrial Energy Inc. announced a business combination agreement that will see Terrestrial Energy become a publicly traded company on Nasdaq under the ticker symbol ‘IMSR’. The transaction, expected to close in the fourth quarter of 2025, values Terrestrial Energy at a pre-money equity value of $925 million and aims to raise approximately $280 million in gross proceeds. This capital will accelerate the commercial deployment of Terrestrial Energy’s IMSR technology, which has strong demand forecasts across key growth sectors. The transaction is anticipated to enhance Terrestrial Energy’s market leadership in the small modular reactor sector and is supported by partnerships with notable organizations and a highly experienced management team.
More about HCM II Acquisition Corp. Class A
Terrestrial Energy is a developer of Generation IV nuclear plants using proprietary Integral Molten Salt Reactor (IMSR) technology. The IMSR technology offers a small modular plant design that is innovative in affordability, efficiency, and versatility, supplying zero-carbon, clean, firm, low-cost, high-temperature industrial heat and electricity. The company focuses on industrial applications such as data center power supply, industrial heat and power, grid power, and green fuels sectors. Terrestrial Energy’s IMSR plants are designed to use low-cost, readily available Standard-Assay Low Enriched Uranium (LEU) fuel, enabling secure and scalable fuel supply chains.
YTD Price Performance: 1.10%
Average Trading Volume: 8,587
Technical Sentiment Signal: Strong Sell
Current Market Cap: $58.31M
See more data about HOND stock on TipRanks’ Stock Analysis page.