Terrestrial Energy’s (NASDAQ:IMSR) board authorized a share repurchase program of up to $25 million.
Repurchases may be made in the open market or privately, including under a Rule 10b5-1 plan.
The program is funded from cash on hand and expires on October 22, 2027.
Terrestrial Energy Inc. (NASDAQ:IMSR) said its Board of Directors has authorized a share repurchase program of up to US$25 million of the company’s common stock.
The company explained that it may buy back shares from time to time through open market purchases, privately negotiated transactions, block trades or other methods. Terrestrial Energy also said repurchases could be made under a trading plan adopted in accordance with Rule 10b5-1 and in accordance with Rule 10b-18 and other applicable laws and regulations.
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Terrestrial Energy stated that its management will determine the timing, manner, price and amount of any repurchases at its discretion, considering factors such as general economic and market conditions, the company’s share price, capital requirements and applicable legal requirements.
The company added that the program will be funded from existing cash on hand. It does not obligate Terrestrial Energy to repurchase any particular amount of stock and may be modified, suspended or discontinued at any time without prior notice.
The repurchase authorization is set to expire on October 22, 2027. As of October 23, 2026, Terrestrial Energy said it had about 105.9 million shares of common stock outstanding, including shares issuable upon exchange of outstanding exchangeable shares.
