| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 10/29/2025 |
3. Issuer Name and Ticker or Trading Symbol
Terrestrial Energy Inc. /DE/ [ IMSR ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 180,316(1) | D | |
| Common Stock | 12,244,088(1) | I | See footnote(2) |
| Common Stock | 807,873(1) | I | See footnote(3) |
| Common Stock | 653,334(1) | I | See footnote(4) |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Warrants to purchase shares of Common Stock | 06/12/2024 | 07/31/2028 | Common Stock | 539,117(1) | $2.24 | D | |
| Warrants to purchase shares of Common Stock | 06/12/2024 | 07/31/2028 | Common Stock | 223,515(1) | $2.24 | I | See footnote(3) |
| Warrants to purchase shares of Common Stock | 06/12/2024 | 07/31/2028 | Common Stock | 59,902(1) | $2.24 | I | See footnote(4) |
| Warrants to purchase shares of Common Stock | 02/21/2025 | 07/31/2028 | Common Stock | 670,544(1) | $2.24 | I | See footnote(4) |
| Explanation of Responses: |
| 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 persons 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. |
| 2. Represents securities jointly held by the reporting person and the reporting person's spouse. The reporting person disclaims beneficial ownership of the securities held jointly with his spouse except to the extent of his pecuniary interest therein |
| 3. Represents securities held by Roberto M. Sella 2012 Family Trust (the "Trust"), of which the reporting person is the trustee. The reporting person may be deemed to have voting and dispositive power over the shares held by the Trust. The reporting person disclaims beneficial ownership of the securities held by the Trust except to the extent of his pecuniary interest therein. |
| 4. Represents securities held by LL Charitable Foundation (the "Foundation"), of which the reporting person is the president. The reporting person may be deemed to have voting and dispositive power over the shares held by the Foundation. The reporting person disclaims beneficial ownership of the securities held by the Foundation except to the extent of his pecuniary interest therein. |
| Remarks: |
| Exhibits List 24 - Confirming Statement |
| /s/ Grant Levine, attorney-in-fact | 01/22/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||