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Nuclear startup Terrestrial Energy goes public via SPAC, netting $280 million in merger

  • Canadian nuclear startup Terrestrial Energy has merged with an acquisition company, raising $280 million in the deal.
  • Terrestrial Energy is developing small modular reactors and plans to list on Nasdaq under the symbol ISMR.
  • The startup's integral molten salt reactor design aims to address issues seen in earlier molten salt reactors.
  • With increased demand for electricity and interest from tech companies, advanced nuclear reactors are gaining attention.

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