Terrestrial Energy, a Canadian nuclear startup, has merged with a SPAC, securing $280 million for its development of small modular reactors. Prior to this merger, the company raised $94 million, with plans to list on Nasdaq under the ticker ISMR. The startup's integral molten salt reactor technology aims to address electricity needs for markets such as electric power and data centers. As demand for electricity surges, especially for AI applications, interest in nuclear power is on the rise. Terrestrial is among several startups pursuing this innovative nuclear technology.