Terrestrial Energy begins trading on the Nasdaq Stock Market

Terrestrial Energy (IMSR) will begin trading on the Nasdaq Stock Market under the new ticker symbol “IMSR” at market open, following the completion of its business combination with HCM II Acquisition Corp. (HOND) on October 28. As a result of the business combination, Terrestrial Energy has received in excess of $292 million in gross proceeds before expenses, including $50M from a common stock PIPE from new non-affiliated fundamental institutional investors, and approximately $242M of cash from HCM II’s trust account before expenses, reflecting redemptions of less than 1% of HCM II shares.