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.
