IMSR insider Form 3: options, warrants, and 11.18M exchangeables
Rhea-AI Filing Summary
Terrestrial Energy Inc. (IMSR) disclosed an initial statement of beneficial ownership for its Chief Technology Officer and Director. The filing reports 5,981 shares of Common Stock held directly and 13,731 shares held indirectly through an entity.
Derivative holdings include stock options currently exercisable for 17,792 shares (expiring 06/16/2038 at $2.0133), and options for 53,197 shares (expiring 01/01/2043 at $2.237), 63,836 shares (expiring 01/01/2044 at $2.237), and 10,640 shares (expiring 01/01/2045 at $2.237). The report also lists 11,175,778 exchangeable shares of a subsidiary that are exchangeable for Common Stock with no expiration date, warrants for 17,882 shares (direct) and 41,575 shares (indirect) at $2.237 expiring 07/31/2028, and contingent value rights tied to a $7.905 redemption price and a 75% VWAP condition after the lock-up period.
The holdings reflect securities received in connection with the business combination between HCM II Acquisition Corp. and Legacy Terrestrial, effective for the reporting date of 10/28/2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Exchangeable Shares | -- | -- | -- |
| holding | Warrants (Right to Buy) | -- | -- | -- |
| holding | Warrants (Right to Buy) | -- | -- | -- |
| holding | Contingent Value Right | -- | -- | -- |
| holding | Contingent Value Right | -- | -- | -- |
| holding | Common Stock, par value $0.0001 per share ("Common Stock") | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Upon closing of the business combination (the "Business Combination") between Terrestrial Energy Inc., a Delaware corporation formerly known as HCM II Acquisition Corp. ("New Terrestrial"), and Terrestrial Energy Development Inc., a Delaware corporation formerly known as Terrestrial Energy Inc. ("Legacy Terrestrial"), the reporting person acquired these securities in exchange for the reporting person's securities in Legacy Terrestrial pursuant to the terms and conditions of the Business Combination Agreement, dated as of March 26, 2025, by and among HCM II Acquisition Corp., HCM II Merger Sub Inc. and Legacy Terrestrial. Consists of options granted pursuant to the Legacy Terrestrial Second Amended and Restated 2024 Stock Option Plan. The options are currently exercisable. Represents exchangeable shares in the capital of Terrestrial Energy Canada (Exchange) Inc., an indirect wholly-owned subsidiary of New Terrestrial, which are exchangeable for Common Stock of New Terrestrial, subject to adjustment. The exchangeable shares have no expiration date. Consists of Legacy Terrestrial warrants to purchase common stock that are currently exercisable. Consists of contingent value right issued upon conversion of Legacy Terrestrial convertible notes in connection with the Business Combination. Each contingent value right entitles the holder to receive additional shares of Common Stock in the event that the volume weighed average price of the Common Stock for the twenty (20) trading days beginning on the trading day immediately following expiration of the lock-up period contemplated by the applicable Legacy Terrestrial convertible note is less than seventy-five percent (75%) of the redemption price ($7.905).
