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CHARLOTTE/STAMFORD - HCM II Acquisition Corp. (NASDAQ:HOND), currently valued at $745.2 million, saw its shareholders vote Monday to approve the previously announced business combination with Terrestrial Energy Inc., a developer of small modular Generation IV nuclear plants using proprietary Integral Molten Salt Reactor technology. The stock has shown remarkable momentum, gaining over 23% in the past week according to InvestingPro data.
The transaction is expected to close on or about Monday, October 27, 2025, with trading on the Nasdaq Stock Market scheduled to commence Tuesday, October 28, 2025. Upon closing, the combined company will operate as Terrestrial Energy Inc. with its securities listed under the symbols "IMSR" and "IMSRW." InvestingPro analysis indicates the company maintains strong financial health with an excellent score of 4.62 and a comfortable current ratio of 1.79, suggesting solid short-term liquidity position.
Terrestrial Energy develops nuclear plants utilizing its Integral Molten Salt Reactor technology, designed to provide low-cost, reliable, clean industrial heat and electricity. The company aims to build plants that are small, modular, and customizable for various industrial applications, including data centers and petrochemical production.
The IMSR plants are intended to extend nuclear energy applications beyond traditional electric power markets, supporting energy demand growth while contributing to decarbonization efforts. Terrestrial Energy is working with regulators, suppliers, and industrial partners to build and license its first plants for operation in the early 2030s.
HCM II Acquisition Corp. is a special purpose acquisition company led by Chairman and CEO Shawn Matthews and President and CFO Steven Bischoff. The company was formed to complete a business combination with an established business poised for continued growth. Trading at a P/E ratio of 82.55 and showing impressive six-month returns of over 141%, investors seeking deeper insights into HOND’s valuation metrics and growth potential can access additional analysis through InvestingPro, which offers 12 more exclusive investment tips for this stock.
A Form 8-K disclosing the full voting results is expected to be filed with the Securities and Exchange Commission, according to the company’s press release statement.
In other recent news, HCM II Acquisition Corp announced a significant development regarding its merger partner, Terrestrial Energy. The U.S. Department of Energy selected Terrestrial Energy’s Project TETRA proposal for the Advanced Reactor Pilot Program. This selection marks an important milestone in the commercialization pathway for Terrestrial Energy’s Integral Molten Salt Reactor technology. The program is designed to expedite the commercial licensing activities for small and modular nuclear plants utilizing advanced reactor technologies. This development is part of the program established under an executive order aimed at advancing nuclear technologies. Investors may find this news relevant as it underscores a critical step in the potential success of Terrestrial Energy’s innovative reactor technology.
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