Terrestrial Energy (IMSR) Stock Surges on Nasdaq Debut Following $292M Merger
Terrestrial Energy marked its Nasdaq debut with a 6.15% rally to $19.15 per share after finalizing a $292 million business combination with HCM II Acquisition Corp. The transaction, completed on October 28, 2025, injects fresh capital into the company's next-generation nuclear reactor technology.
Investor confidence was evident with redemption rates below 1% and $50 million in PIPE financing from institutional backers. The remaining $242 million came from HCM II's trust, positioning IMSR for accelerated commercialization of its Integral Molten Salt Reactor design.
Market response underscores growing appetite for clean energy solutions with nuclear innovation. Terrestrial Energy's successful listing demonstrates public markets' capacity to fund complex energy transitions when technology meets institutional-grade execution.
