Unleashing Revolutionary Energy Breakthroughs Through Innovative Investment Strategies
news
1 min read
Nuclear startup Terrestrial Energy goes public via SPAC, netting $280 million in merger
Terrestrial Energy, a small nuclear startup, has merged with an acquisition company and is now going public through a Special Purpose Acquisition Company (SPAC) merger. As a result of this deal, the Canadian company will receive $280 million.
Before the merger, Terrestrial Energy had raised approximately $94 million from investors, according to data from PitchBook. The combined entity plans to list on Nasdaq under the ticker symbol ISMR.
Source: https://techcrunch.com/2025/03/26/nuclear-startup-terrestrial-energy-goes-public-via-spac-netting-280-million-in-merger/
