Terrestrial Energy completes de-SPAC merger; shares start trading Oct 29 on Nasdaq under IMSR

Terrestrial Energy Inc. /DE/

Business combination closed Oct 28; Legacy Terrestrial Energy becomes wholly owned sub of New Terrestrial Energy.
Exchange ratio of 44.7029 applied; issued ~47.7M common shares to legacy securityholders.
PIPE investors contributed $50M at $10/share for 5M shares.
Sponsor and key holders subject to 12-month lock-up; early release triggers at VWAP of $15 and $20.
Common and warrants begin Nasdaq trading Oct 29 under IMSR and IMSRW.

item 1.01 item 2.01 item 5.02 item 3.02 item 9.01 item 3.03 item 5.01 item 5.03 item 5.05 item 5.06

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Source: SEC EDGAR

accession 0001213900-25-105304

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