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Terrestrial Energy
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Vendor of nuclear power plants, based on its proprietary Integral Molten Salt Reactor design. The IMSR can deliver heat or electric power that is cost-competitive and more convenient than fossil fuels. Commercial deployment will be in the 2020s.

Founded in 2013
Founded in

Company type Public Public (IMSR)
Company type

Industry Group energy & power

Sector nuclear fission

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Oakville, ON Oakville, Canada
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Updated by at on 03/30/2025

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Date Partner Type
04/25/2024
Schneider Electric Schneider Electric
Partnership will focus on supporting large data centers with molten salt reactors by Terrestrial Energy
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Confirmed by Schneider Electric
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IPO INFORMATION

Date

03/26/2025

IPO status

Listed

IPO Type

SPAC

Amount

$280M

Initial shares

Ticker symbol

IMSR

Exchange listed

NASDAQ

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Description

The SPAC will provide approx $280M consisting of $50 million in common stock PIPE commitments at $10.00 per share from new non-affiliated fundamental institutional investors, and approximately $230M of cash held in HCM II Acquisition Corp.’s (“HCM II”) trust account before potential redemptions.

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Date Investors Type Amount
10/17/2023 (0)
Post-money valuation of
Funding disclosed via regulatory filings.
Growth Equity $2,775,000
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IMSR Power Plant

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