Update: Meshflow Acquisition to Merge With HGP Intelligent Energy

12:38 PM EDT, 09/08/2026 (MT Newswires) -- (Updates throughout with Meshflow Acquisition's statement.) Meshflow Acquisition (MESH) said Tuesday in a regulatory filing that it signed a merger agreement with HGP Intelligent Energy. HGP is developing load-following technology for nuclear power plants as well as a program to repurpose naval-derived reactor technology for civilian power generation on federal sites, the filing said. A Meshflow spokesperson told MT Newswires that HGP's technology could help make existing and next-generation nuclear reactors "more flexible and valuable to the grid" as AI and data centers drive electricity demand. Bloomberg reported earlier Tuesday that HGP was planning to go public via a blank-check vehicle in a deal that would value it at about $1.2 billion. The report said the nuclear services company plans to merge with Meshflow Acquisition. Price: 10.11, Change: +0.03, Percent Change: +0.30