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NASDAQ:IMSR 20 October 2025

Nuclear SPAC Stock Skyrockets: Terrestrial Energy’s SPAC Deal Ignites Investor Frenzy

Nuclear SPAC Stock Skyrockets: Terrestrial Energy’s SPAC Deal Ignites Investor Frenzy

HCM II (NASDAQ: HOND) shareholders will vote Oct. 20, 2025, on merging with Terrestrial Energy, which could raise $280 million at a $1.3 billion valuation if approved. Anticipation pushed HOND shares to $24.98 by Oct. 15, near a 52-week high. Terrestrial’s IMSR reactor just cleared a key U.S. regulatory hurdle. The Department of Energy also selected Terrestrial for its Advanced Fuel Pilot program.

Stock Market Today

  • S&P 500 Drops for Third Day Amid Oil Volatility and Rising Yields
    March 20, 2026, 6:03 PM EDT. The S&P 500 fell 1.50% to 6,507.49, marking its third consecutive daily drop and fourth losing week, pressured by war-driven oil volatility and climbing bond yields. The Nasdaq slid 1.98%, and the Dow dropped 0.96%. Nike hit a 52-week low near $52 amid a challenging consumer market, while Caesars Entertainment outperformed on buyout speculation. Planet Labs surged 26% after beating Q4 earnings and revenue estimates. Investors face uncertainty over the Iran conflict and inflation risks from soaring energy prices. The Federal Reserve signals no rate cuts ahead, intensifying pressure on growth stocks as yields rise. Defensive sectors gained favor as volatility rises. Despite the broader downturn, major firms like Nike, Home Depot, and O'Reilly Automotive trade near yearly lows, presenting potential opportunities amid market turbulence.
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