Nuclear startup Terrestrial Energy goes public via SPAC, netting $280M in merger

Here’s the summarized information regarding Terrestrial Energy based on the provided text:

Company Details

• Startup: Terrestrial Energy
• Founders: Not mentioned in the provided text.
• Headquarters: North Carolina
• Ticker Symbol: IMSR (planned listing on Nasdaq)

Fundraising Information

• Total Funds Raised Before SPAC Merger: $94 million
• Expected Funds from SPAC Merger: $280 million
• Funding Series: Not specified (only states early fundraising before SPAC merger)

Investors

• The text does not specify the investors involved in Terrestrial Energy or the SPAC.

Recent Activity

• SPAC Merger Date: Wednesday (exact date not specified)

Additional Context

• Terrestrial Energy is developing small modular reactors (SMRs) using an integral molten salt reactor technology.
• The startup is targeting markets like electric power, data centers, and industrial applications.

Related Companies in Nuclear Sector

• Investors/Companies:
  • Google
  • Meta
  • Amazon
  • OpenAI (via Sam Altman)

This list focuses on the details specifically provided in the text about Terrestrial Energy and does not include information from external sources about the founders or specific investors.

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2025-03-26 16:50:23