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HCM II Acquisition Corp. plans to close its business combination with Terrestrial Energy Inc. by December 31, 2025, pending shareholder approvals and satisfaction of customary closing conditions. The merger, first announced on March 26, 2025, will result in Terrestrial Energy becoming a wholly owned subsidiary of HCM II, creating a combined entity focused on developing advanced nuclear technologies. The closing is subject to several conditions, including obtaining approvals from HCM II's shareholders and the SEC, as well as completion of a related PIPE financing, which involves issuing 5 million shares at $10 each. This business combination aims to reposition HCM II and increase its market presence in the energy sector.
Merger Closing