HCM II SPAC merges with Terrestrial Energy; $925M enterprise value, $50M PIPE

Terrestrial Energy Inc. /DE/

Definitive agreement: HCM II merger sub to merge into Terrestrial Energy; target survives; enterprise value $925M.
$50M PIPE from 5M shares at $10/share; PIPE investors may use Non-Redeemed Shares to satisfy commitments.
Closing expected Q4 2025; requires HCM II shareholder approval, SEC effectiveness, Nasdaq listing, and $150M minimum SPAC cash.
Post-closing board: at least 5 directors (one from HCM II, CEO, rest from Terrestrial Energy).

item 1.01 item 3.02 item 7.01 item 8.01 item 9.01

Machine-readable event card

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form_type: 8-K
ticker: IMSR
cik: 0002019804
company_name: Terrestrial Energy Inc. /DE/
filed_at: 2025-03-26T23:59:59+00:00
discovered_at: 2026-05-14T18:03:05.806736+00:00
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accession 0001013762-25-002481

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