David Hill
On May 5, 2026, David Hill informed Terrestrial Energy Inc. (the “Company”) that he was resigning from the Company’s Board of Directors (the “Board”), effective July 1, 2026.
Highest-materiality recent filing
Terrestrial Energy Q1 net loss $10.5M; cash $289.9M; NRC approves PIE Topical Report
Net loss of $10.5M in Q1 2026 vs $6.2M in Q4 2025, driven by higher R&D and G&A costs.
Terrestrial Energy reports 2025 net loss of $28M, cash $298M; IMSR project milestones advanced
Net loss of $28M for full year 2025, up $17M YoY from $11M, driven by higher R&D (+$5M) and G&A (+$10M).
Terrestrial Energy provides 2025 milestones and 2026 outlook; raised $292M in business combination
Completed business combination with HCM II, raising ~$292M gross proceeds and listing on Nasdaq under IMSR.
Terrestrial Energy replaces Withum with UHY as independent auditor
Audit committee dismissed WithumSmith+Brown on Nov 21, 2025, effective upon notice Nov 24.
Terrestrial Energy Files Amended 8-K Including Financials for Nuclear Tech Merger
Business combination with HCM II Acquisition Corp. closed Oct 28, 2025; combined company now trades on Nasdaq as IMSR and IMSRW.
Terrestrial Energy completes de-SPAC merger; shares start trading Oct 29 on Nasdaq under IMSR
Business combination closed Oct 28; Legacy Terrestrial Energy becomes wholly owned sub of New Terrestrial Energy.
Terrestrial Energy completes de-SPAC merger; trades on Nasdaq as IMSR/IMSRW
HCM II Acquisition Corp domesticated to Delaware corp Oct 23, 2025; merger with Legacy Terrestrial Energy closed Oct 28.
HCM II shareholders approve business combination with Terrestrial Energy; closing Oct 27
All proposals approved at the Oct 20 extraordinary general meeting; 15.6M votes for the business combination.
HCM II and Terrestrial Energy: SEC declares S-4 effective, shareholder meeting set for Oct 20
SEC declared effective the Registration Statement on Form S-4 on September 26, 2025 for the business combination.
Audit committee on July 15, 2025 determined previously issued financial statements should no longer be relied upon.
HCM II SPAC merges with Terrestrial Energy; $925M enterprise value, $50M PIPE
Definitive agreement: HCM II merger sub to merge into Terrestrial Energy; target survives; enterprise value $925M.
On May 5, 2026, David Hill informed Terrestrial Energy Inc. (the “Company”) that he was resigning from the Company’s Board of Directors (the “Board”), effective July 1, 2026.
Max materiality 0.85 · Median 0.70 · Most common event other_material