Terrestrial Energy Inc. /DE/
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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$3.00+5.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Statement of Cash Flows
| Cash Flows from Operating Activities: | |
|---|---|
| Net income: | $3,408,788 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Operating costs paid by Sponsor in exchange for issuance of Class B founder shares | 12,463 |
| Payment of operation costs through promissory note | 45,200 |
| Interest earned on marketable securities held in Trust Account | (4,043,585) |
| Changes in operating assets and liabilities: | |
| Other receivable | (41,250) |
| Prepaid expenses | (16,112) |
| Due from Sponsor | (4,466) |
| Short term prepaid insurance | (90,250) |
| Long term prepaid insurance | (52,646) |
| Accrued expenses | 458,624 |
| Net cash used in operating activities | (323,234) |
| Cash Flows from Investing Activities: | |
| Investment of cash into Trust Account | (231,150,000) |
| Net cash used in investing activities | (231,150,000) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Units, net of underwriting discounts paid | 226,000,000 |
| Proceeds from sale of Private Placements Warrants | 6,850,000 |
| Repayment of promissory note - related party | (233,127) |
| Payment of offering costs | (475,550) |
| Net cash provided by financing activities | 232,141,323 |
| Net Change in Cash | 668,089 |
| Cash – Beginning of period | — |
| Cash – End of period | $668,089 |
| Noncash financing activities: | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $12,537 |
| Deferred offering costs paid through promissory note – related party | $187,927 |
| Deferred underwriting fee payable | $10,720,000 |
| Accretion of Class A ordinary shares to redemption value | $21,063,682 |
NOTES TO THE FINANCIAL STATEMENTS
DECEMBER 31, 2024
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.