Core Points - HCM II Acquisition Corp. has received shareholder approval for its business combination with Terrestrial Energy Inc., a developer of small modular Generation IV nuclear plants utilizing proprietary Integral Molten Salt Reactor (IMSR) technology [1][2] - The closing of the business combination is anticipated on or about October 27, 2025, with trading on Nasdaq commencing on October 28, 2025, under the symbols "IMSR" and "IMSRW" [2] Company Overview - Terrestrial Energy focuses on developing Generation IV nuclear plants that leverage IMSR technology, which offers benefits in capital efficiency, cost reduction, and versatility for various industrial applications [3] - The IMSR plants are designed to provide low-cost, reliable, and clean energy, extending the application of nuclear energy beyond traditional electric power markets [3] - The company aims to support energy demand growth and decarbonization efforts, with plans to license and commission the first IMSR plants for operation in the early 2030s [3] HCM II Acquisition Corp. Overview - HCM II is a special-purpose acquisition company (SPAC) formed to pursue business combinations with established companies poised for growth [4] - The management team includes Shawn Matthews as Chairman and CEO, and Steven Bischoff as President and CFO [5]
HCM II Acquisition Corp. Shareholders Approve Business Combination with Terrestrial Energy