M&A - HCM II Acquisition Corp.

Form Type: 425

Filing Date: 2025-03-28

Corporate Action: Merger

Type: New

Accession Number: 000101376225003481

Filing Summary: HCM II Acquisition Corp. has announced a proposed merger with Terrestrial Energy Inc. through a reverse merger which is expected to facilitate Terrestrial Energy going public by the fourth quarter of 2025. The deal is anticipated to start trading in that timeframe. The merger aims to capitalize on growing interest in innovative nuclear solutions to meet surging energy demands, particularly for AI data centers. Key figures involved include Simon Irish, CEO of Terrestrial Energy, and Ernest Moniz, former Energy Secretary. Terrestrial Energy's molten salt reactor technology is touted as a more efficient alternative to conventional nuclear reactors, capable of generating electricity with greater efficiency while producing less waste. HCM II and Terrestrial Energy plan to file a Registration Statement with the SEC, which will include a preliminary proxy statement and prospectus for HCM II's shareholders. Interested shareholders will receive details regarding the merger and are encouraged to review the relevant documents when available. The announcement also highlights potential risks associated with the merger, including regulatory approval and market conditions.

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