Terrestrial Energy filed a prospectus supplement for a significant mixed stock offering.
The primary issuance includes up to 53.5 million common shares.
Existing holders are offering an additional 13.7 million shares and 1.3 million warrants.
The move creates potential for significant dilution of current shareholder value.
The company reported a net loss of $9.4 million for the quarter ending June 30, 2026.
Operating losses reached $11.7 million during the same period.
The NRC granted regulatory approval for the company's Postulated Initiating Events methodology.
Estimated lifetime revenue per plant increased to $2.7 billion.