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Midas Edge

Terrestrial Energy Inc. /DE/

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

IMSR$2.73-9.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Balance Sheet as of December 31, 2024

BALANCE SHEET

DECEMBER 31, 2024

Assets
Current assets
Cash$668,089
Other receivable41,250
Due from Sponsor4,466
Short-term prepaid insurance90,250
Prepaid expenses16,112
Total current assets820,167
Long-term prepaid insurance52,646
Marketable securities held in Trust Account235,193,585
Total Assets$236,066,398
Liabilities and Shareholders’ Deficit
Current Liabilities
Accrued expenses$458,624
Total current liabilities458,624
Deferred underwriting fee10,720,000
Total Liabilities11,178,624
Commitments and Contingencies (Note 6)
Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of $10.23 per share235,193,585
Shareholders’ Deficit
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding—
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; none issued or outstanding (excluding 23,000,000 shares subject to possible redemption)—
Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding575
Additional paid-in capital—
Accumulated deficit(10,306,386)
Total Shareholders’ Deficit(10,305,811)
Total Liabilities and Shareholders’ Deficit$236,066,398
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.