HOND Overview

Terrestrial Energy's Nasdaq Listing: Terrestrial Energy Inc. will begin trading on the Nasdaq Stock Market under the ticker symbol "IMSR" on October 29, 2025, following a successful business combination with HCM II Acquisition Corp., which raised over $292 million in gross proceeds.

IMSR Technology and Market Demand: The company focuses on developing small modular nuclear plants using its proprietary Integral Molten Salt Reactor (IMSR) technology, which aims to meet the increasing demand for clean, reliable, and cost-competitive nuclear energy across various industrial sectors.

Strategic Partnerships and Projects: Terrestrial Energy has established partnerships with notable organizations, including the U.S. Department of Energy and Texas A&M University, to advance the commercialization of its IMSR technology and showcase its capabilities in real-world applications.

Future Growth and Regulatory Engagement: The company is positioned for sustained growth, leveraging its capital-efficient business model and established regulatory track record to lead the next generation of nuclear energy solutions, with plans to deploy IMSR plants in the early 2030s.

HCM II Acquisition Corp. Business Combination: HCM II shareholders approved a business combination with Terrestrial Energy Inc., a developer of small modular Generation IV nuclear plants using Integral Molten Salt Reactor (IMSR) technology, with the transaction expected to close on October 27, 2025.

Terrestrial Energy's Innovative Technology: Terrestrial Energy's IMSR technology aims to provide low-cost, reliable, and clean energy solutions, extending nuclear energy applications beyond electric power to various industrial uses, with plans to operate the first IMSR plants in the early 2030s.

Terrestrial Energy's Program Selection: Terrestrial Energy has been selected for the U.S. Department of Energy's Fuel Line Pilot Program, validating its Integral Molten Salt Reactor (IMSR) technology and enhancing the domestic nuclear fuel supply chain.

Strengthening U.S. Energy Security: The program aims to address the shortage of domestic nuclear fuel resources, supporting the commercialization of IMSR technology and reinforcing U.S. energy security and industrial competitiveness.

Collaboration with Key Suppliers: Terrestrial Energy is partnering with Westinghouse Electric Company to advance its fuel supply and logistics, leveraging established infrastructure to support the deployment of IMSR plants.

Focus on Clean Energy Solutions: The IMSR plants are designed to provide zero-carbon, reliable energy for various applications, positioning Terrestrial Energy as a leader in the nuclear energy sector and contributing to global decarbonization efforts.

Business Combination Announcement: HCM II Acquisition Corp. and Terrestrial Energy Inc. announced that the SEC has declared effective their Registration Statement for a proposed business combination, with a shareholder meeting scheduled for October 20, 2025, to approve the merger.

IMSR Technology and Market Potential: Terrestrial Energy's Integral Molten Salt Reactor (IMSR) technology aims to provide safe, reliable, and cost-effective nuclear energy, addressing the growing demand for industrial energy and supporting global decarbonization efforts.

Shareholder Participation Encouraged: HCM II urges shareholders to vote on the business combination, providing resources for assistance with the voting process and access to important documents related to the merger.

Future Listing Plans: Upon successful completion of the business combination, the new entity plans to list its securities on the Nasdaq under the proposed symbols "IMSR" and "IMSRW," contingent on meeting all listing requirements.

NRC Approval for IMSR: Terrestrial Energy has received the first ruling from the U.S. Nuclear Regulatory Commission (NRC) on the safety mechanisms of its Integral Molten Salt Reactor (IMSR), marking a significant milestone in the commercialization of molten salt reactor technology.

Safety Mechanisms and Design Criteria: The NRC's Safety Evaluation confirmed the IMSR's use of temperature as an inherent control mechanism for reactor power, establishing foundational safety requirements and design criteria that enhance the efficiency of the licensing process for future applications.

Advanced Reactor Pilot Program: The U.S. Department of Energy has launched the Advanced Reactor Pilot Program to expedite the commercialization and licensing of advanced nuclear reactor designs, with Terrestrial Energy's Project TETRA selected to fast-track its Integral Molten Salt Reactor (IMSR) technology.

Commercialization Goals: Terrestrial Energy aims to achieve reactor criticality by July 4, 2026, leveraging U.S. supply chains and low-cost uranium fuel to meet the growing demand for clean energy across various industrial sectors while supporting U.S. manufacturing.