3.00
+5.63%
Close of 9 Nov 2026, in USD
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About Terrestrial Energy
From its filings with the US Securities and Exchange Commission
Terrestrial Energy is based in Charlotte, North Carolina and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker IMSR. The SEC classifies its business as fabricated plate work (boiler shops). In the fiscal year to 31 December 2024, it reported revenue of $248,357. At that date it held shareholders' equity of −$10.3m.
Terrestrial Energy Inc. is an advanced nuclear technology company developing the Integral Molten Salt Reactor nuclear plant (“IMSR Plant”), which uses the Company’s proprietary design of Molten Salt Reactor (“MSR”). Our mission is to transform global energy markets by commercializing our IMSR Plant, which will deliver low-carbon electricity and industrial heat with superior economics, speed to deployment, and siting flexibility. In a world demanding rapid, scalable nuclear solutions, the IMSR Plant offers a viable, efficient alternative to both the limitations of legacy nuclear and the intermittency of renewables.
HCM II Acquisition Corp. (“HCM II”) was a special purpose acquisition company incorporated on April 4, 2024, as a Cayman Islands exempted corporation for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. On October 23, 2025, HCM II domesticated as a Delaware corporation and changed its name to “Terrestrial Energy Inc.” (the “Company”). On October 28, 2025, pursuant to the Business Combination Agreement, dated as of March 26, 2025, as amended (the “Business Combination”), the Company completed the Business Combination with Terrestrial Energy Development Inc. (“TEDI”), a Delaware corporation, with TEDI surviving as a wholly owned subsidiary of the Company. Following the Business Combination, the Company became a holding company whose operations are conducted through TEDI and whose primary asset is its equity interest in TEDI.
Quoted from its 10-K, filed 30 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- N/A
- Industry
- N/A
- Listed since
- 16 Aug 2024
- Head office
- 2730 W. TYVOLA ROAD, SUITE 100, CHARLOTTE, NC, 28217
- Incorporated in
- DE
- Classification
- Fabricated Plate Work (Boiler Shops)
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Shawn MatthewsChairman of the Board, Chief Executive Officer, since 2024
- Mr. Steven BischoffPresident, Chief Financial Officer, Director Nominee
- Mr. Andrew BrennerIndependent Director Nominee
- Adm. Michael ConnorIndependent Director Nominee
- Mr. Jacob LovelessIndependent Director Nominee
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- HCM II Acquisition Corp. has a clear IPO date of 16 August 2024 for business combination planning.
- The company is headquartered in Stamford, Connecticut, providing a stable US business location.
- HCM II Acquisition Corp. has no operational history, allowing flexibility in future business combinations.
Weaknesses
- The company has not selected any business combination target as of 2024.
- HCM II Acquisition Corp. has generated no revenues and has no operational history.
- The firm has not initiated any substantive discussions with potential business combination targets.
Opportunities
- HCM II Acquisition Corp. can pursue business combinations in any industry or business sector.
- The company may target the Health Care sector for potential acquisitions.
- The firm can explore opportunities in the Information Technology industry for future growth.
Threats
- HCM II Acquisition Corp. faces uncertainty without a selected business combination target.
- The company has no operational history, which may deter potential partners.
- The firm has not conducted any operations, creating a lack of market presence.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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