Terrestrial Energy Announces Share Repurchase Program
Key Highlights
- ➤Terrestrial Energy authorizes share repurchases of up to $25 million.
- ➤Repurchases will be funded from Terrestrial Energy’s existing cash on hand.
- ➤Program expires October 22, 2027, and carries no purchase obligation.
- ➤Approximately 105.9 million shares were outstanding as of October 23, 2026.
Terrestrial Energy Inc. (Nasdaq: IMSR) (“Terrestrial Energy” or the “Company”), a leader in Generation IV molten salt nuclear plants supplying electricity and high-temperature industrial heat, today announced that its Board of Directors has authorized a share repurchase program of up to $25 million of the Company’s common stock.
Under the program, the Company may repurchase shares of its common stock from time to time through open market purchases, privately negotiated transactions, block trades or other means, including under a trading plan adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and in accordance with Rule 10b-18 under the Exchange Act and other applicable laws, rules and regulations. The timing, manner, price and amount of any repurchases will be determined by management at its discretion based on general economic and market conditions, the Company’s share price, capital requirements, applicable legal requirements and other factors.
Get started
Create a free account to read the full story.