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ICR Inc. handled Terrestrial Energy’s SPAC deal, which has the Charlotte-based developer of small modular nuclear plants trading on the NASDAQ as of October 28.
Terrestrial raised $292M following completion of its business combination with HCM II Acquisition Corp.
The NASDQ listing is “public market validation of the urgent need today for transformative nuclear energy supply capable for meeting rapidly growing and changing energy demand,” according to Simon Irish, Terrestrial’s CEO.
He called Terrestrial’s small and modular nuclear plant and technology the “energy solutions the world desperately needs to meet the enormous energy demands from secular industrial innovation cycles happening today in other sectors.”
Terrestrial has partnerships with Westinghouse, Siemens, Ameresco, Energy Solutions, US Dept. of Energy, Texas A&M and the US national labs at Oakridge (TN), Argonne (IL) and Idaho Falls.
ICR continues as Terrestrial’s IR and strategic communications counsel. The firm has Marc Silverberg, Cory Ziskind, Tom Cook and Thomas Parks working the account.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
Teneo represents Metsera, the New York City biotech focused on weight-control products, which is subject to a bidding war between heavyweights Novo Nordisk and Pfizer.
Haggie Partners is working the $7B takeover of the specialty insurer Convex by Canada’s Onex private equity fund and American International Group.
WPP reported Q3 revenues less pass-through costs tumbled 5.9 percent to $3.3B, a performance new CEO Cindy Rose called “unacceptable.”
