| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | |
|---|---|---|---|---|
| Other receivable | - | 0 | 0 | |
| Cash | 350,389 | 124,083 | - | |
| Due from sponsor | 4,466 | - | - | |
| Cash | - | - | 517,160 | |
| Short-term prepaid insurance | 75,208 | 90,250 | 90,250 | |
| Due from sponsor | - | 4,466 | 4,466 | |
| Prepaid expenses | 31,594 | 70,982 | 71,079 | |
| Total current assets | 461,657 | 289,781 | 682,955 | |
| Long-term prepaid insurance | - | 7,521 | 30,083 | |
| Marketable securities held in trust account | 242,642,972 | 240,134,175 | 237,656,449 | |
| Total assets | 243,104,629 | 240,431,477 | 238,369,487 | |
| Accrued expenses | 3,539,988 | 2,475,553 | 1,401,982 | |
| Advance from related party-Related Party | 338,002 | - | - | |
| Promissory note - related party-Related Party | 400,000 | - | - | |
| Total current liabilities | 4,277,990 | 2,475,553 | 1,401,982 | |
| Forward purchase agreement liability | - | 1,057,124 | 669,732 | |
| Deferred underwriting fee | 10,720,000 | 10,720,000 | 10,720,000 | |
| Total liabilities | 14,997,990 | 14,252,677 | 12,791,714 | |
| Class a ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of 10.55 and 10.23 per share at september 30, 2025 and december 31, 2024, respectively | 242,642,972 | 240,134,175 | 237,656,449 | |
| Ordinary shares, value-Common Class B | 575 | 575 | 575 | |
| Ordinary shares, value-Common Class A | - | 0 | 0 | |
| Additional paid-in capital | - | 0 | 0 | |
| Accumulated deficit | -14,536,908 | -13,955,950 | -12,079,251 | |
| Total shareholders deficit | -14,536,333 | -13,955,375 | -12,078,676 | |
| Total liabilities and shareholders deficit | 243,104,629 | 240,431,477 | 238,369,487 | |
Terrestrial Energy Inc. DE (HOND)
Terrestrial Energy Inc. DE (HOND)