{"schema_version":"secwatch.filing_event.v1","accession":"0001013762-25-002481","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","generated_at":"2026-05-24T05:19:05.657474+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"confidence":"high","headline":"HCM II SPAC merges with Terrestrial Energy; $925M enterprise value, $50M PIPE","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001013762-25-002481","json":"https://secwatch.observer/filing/0001013762-25-002481.json","markdown":"https://secwatch.observer/filing/0001013762-25-002481.md","text":"https://secwatch.observer/filing/0001013762-25-002481.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2019804/000101376225002481/0001013762-25-002481-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2019804/000101376225002481/ea0235355-8k_hcm2acq.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T05:19:05.657474+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}