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Terrestrial Energy Inc.

corporate_fare Company Profile

Terrestrial Energy Inc.

IMSR·NASDAQ·Manufacturing·CIK 0002019804

Terrestrial Energy Inc. is an advanced nuclear technology company focused on developing and commercializing its Integral Molten Salt Reactor nuclear plant ("IMSR Plant"). The IMSR Plant utilizes the Company's proprietary Molten Salt Reactor ("MSR") design. The company aims to provide low-carbon electricity and industrial heat, emphasizing superior economics, rapid deployment, and flexible siting. Terrestrial Energy positions the IMSR Plant as an efficient alternative to traditional nuclear power and intermittent renewable energy sources. The Company was incorporated on April 4, 2024, as HCM II Acquisition Corp., a Cayman Islands exempted corporation. On October 23, 2025, HCM II domesticated as a Delaware corporation and changed its name to Terrestrial Energy Inc. On October 28, 2025, Terrestrial Energy Inc. completed a Business Combination with Terrestrial Energy Development Inc. ("TEDI"), a Delaware corporation, with TEDI becoming a wholly owned subsidiary. Following this, Terrestrial Energy Inc. operates as a holding company, conducting operations through TEDI and holding an equity interest in TEDI as its primary asset. For accounting purposes, this Business Combination was treated as a reverse recapitalization, with TEDI as the accounting acquirer.

Terrestrial Energy Inc. (NASDAQ:IMSR) is a publicly traded company in the Manufacturing sector. Wiseek has independently scored 10 items for IMSR at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-11, rated 7/10. Across its 10 most recent items scored 7 or higher, the top rating is 9/10, with 7 rated 8 or above. Recent SEC coverage for IMSR spans 10-Q, 8-K, 424B3.

Recent high-impact activity:

  • Terrestrial Energy Q2 Loss Widens to $9.4M; Cash Runway Remains Strong at $273M
  • Terrestrial Energy Q2 2026: NRC Milestone, Texas A&M Site Control, and Raised Unit Economics
  • Terrestrial Energy Updates Prospectus for Massive Share and Warrant Issuance
  • Terrestrial Energy Proceeds with Offering of 37.5M Shares and 1.2M Warrants, Potentially Diluting Shareholders by 35%
  • Terrestrial Energy Reports Sharply Increased Q1 Losses and Cash Burn Amidst R&D Ramp-Up

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
-$28.02M
Diluted EPS
-$0.39
Op. Cash Flow
-$16.47M
Free Cash Flow
-$17.53M
Operating Income
-$25.2M
Cash & Equivalents
$97.16M
Debt / Equity
0.00×
Shares Outstanding
81.77M sh
Source: 10-K · filed 2026-03-30 · accession 0001104659-26-036846

Short Interest & Short Volume

4.45 days to cover

FINRA reported short interest of 5,803,687 shares in IMSR as of the September 15, 2026 settlement, a 11.8% decrease from the prior period — about 4.5 days to cover at its recent average daily volume. On October 2, 2026, 55.9% of IMSR volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)5,803,687 shares as of September 15, 2026
Change vs prior period▼ 11.8%
Days to cover4.45 at avg daily volume of 1,303,562
Daily short volume (FINRA facilities)55.9% of 484,444 shares on October 2, 2026
5-day average short volume58.2%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

Dilution Risk

Low risk

Filing-implied dilution signals for IMSR, detected from its recent SEC filings · based on capital-structure filings through 2026-08-14.

2 recent capital raises

Massive Potential Dilution · Significant Share Count Increase

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$3.8 +0.02% today
52-week range · as of 2026-08-11 $3.8 – $31.5
Market cap
$400.44M
Volume
1.2M (0.9× avg)
3-mo avg 1.3M
Live data · 2026-10-05 04:25 UTC · Market overnight

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feed IMSR - Latest Insights

IMSR
Aug 11, 2026, 4:30 PM EDT
Filing Type: 10-Q
Importance Score:
7
Price at Filing: $5.66
Real-time Price: $3.80 info
Change: -$1.86 (-33%) info
Market Cap: $400.435M info
IMSR
Aug 11, 2026, 8:00 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $5.68
Real-time Price: $3.80 info
Change: -$1.88 (-33%) info
Market Cap: $400.435M info
IMSR
May 14, 2026, 4:46 PM EDT
Filing Type: 424B3
Importance Score:
9
Price at Filing: $8.06
Real-time Price: $3.80 info
Change: -$4.26 (-53%) info
Market Cap: $400.435M info
IMSR
May 14, 2026, 4:45 PM EDT
Filing Type: 424B3
Importance Score:
8
Price at Filing: $8.06
Real-time Price: $3.80 info
Change: -$4.26 (-53%) info
Market Cap: $400.435M info
IMSR
May 14, 2026, 4:30 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $7.99
Real-time Price: $3.80 info
Change: -$4.19 (-52%) info
Market Cap: $400.435M info
IMSR
May 14, 2026, 7:45 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $7.08
Real-time Price: $3.80 info
Change: -$3.28 (-46%) info
Market Cap: $400.435M info
IMSR
Mar 30, 2026, 6:10 PM EDT
Filing Type: 424B3
Importance Score:
7
Price at Filing: $5.61
Real-time Price: $3.80 info
Change: -$1.81 (-32%) info
Market Cap: $400.435M info
IMSR
Mar 30, 2026, 7:30 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $6.17
Real-time Price: $3.80 info
Change: -$2.37 (-38%) info
Market Cap: $400.435M info
IMSR
Jan 29, 2026, 12:28 PM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $9.44
Real-time Price: $3.80 info
Change: -$5.64 (-60%) info
Market Cap: $400.435M info
IMSR
Jan 05, 2026, 5:20 PM EST
Filing Type: 424B3
Importance Score:
8
Price at Filing: $7.13
Real-time Price: $3.80 info
Change: -$3.33 (-47%) info
Market Cap: $400.435M info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets