Terrestrial Energy Inc. (IMSRW) Warrant
Each IMSRW warrant gives the holder the right to buy 1 share of Terrestrial Energy Inc. at $11.50 per share, until October 28, 2030. The stock last closed at $3.78, below the strike, so the warrant is out of the money. Terrestrial Energy Inc. has a market value of about $400.44M. There are 30.28M listed warrants; exercising all of them would add 28.6% to the 105.94M shares outstanding. The company can call the warrants if the stock trades at or above $18.00.
IMSR vs strike, last 12 months
No share-price history for IMSR yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- 2030-10-28
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $12.72
From the issuer's S-1/A (2025-12-22).
Company and stock
- Company
- Terrestrial Energy Inc.
- Underlying stock
- IMSR
- Share price
- $3.78
- Market cap
- $400.44M
- Shares outstanding
- 105.94M
- Value of all listed warrants
- $36.94M (9.2% of market cap)
Market cap is the last share price times shares outstanding (as of 2026-08-11). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $1.22
- Price / model
Get Pro to see whether IMSRW is cheap or rich against our model.
Dilution
- Shares outstanding
- 105.94M
- Listed warrants
- 30.28M
- Dilution if all exercised
- 28.6%
Warrant count from XBRL (single class reported).
Filings and events
- Terms source: S-1/A
- Merger closed; the warrants became warrants of the combined company
Questions about IMSRW
When does the IMSRW warrant expire?
IMSRW expires on October 28, 2030.
What is the strike price of IMSRW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
Can Terrestrial Energy Inc. redeem the IMSRW warrants early?
Yes. The company can call them if the share price reaches $18.00 for the required period (usually 20 of 30 trading days).
How many IMSRW warrants are outstanding?
30.28M listed warrants, equal to 28.6% dilution if all are exercised.