Meshflow Acquisition Corp. has entered into a definitive business combination agreement with HGP Intelligent Energy, LLC, a technology company developing load-following systems for nuclear power plants. The agreement, dated September 5, 2026, will result in HGP becoming a publicly traded company through a merger with Meshflow.

Under the terms of the agreement, the combined company will be a newly formed Delaware holding company named Leyte Parent, Inc. The transaction values HGP at a pre-money equity value of $800 million, with a pro forma enterprise value of approximately $921 million and a pro forma equity value of approximately $1.2 billion, assuming no redemptions.

The deal is expected to provide approximately $345 million in gross proceeds, which includes cash held in Meshflow’s trust account. Proceeds are intended to be used for the qualification and manufacturing of variable-speed reactor coolant pumps, continued development of the digital twin, site development for the Integrated Naval Nuclear Energy Campus, working capital, and transaction expenses.

HGP’s technology combines its NthSim digital twin software with variable-speed reactor coolant pump hardware. The system is designed to allow reactors to follow load in real time by adjusting coolant flow rather than moving control rods, enabling operation alongside artificial intelligence data centers. The company holds a patent-pending portfolio covering pump architecture, thermal margin control, and digital twin monitoring across various reactor types.

Meshflow, a Cayman Islands blank check company, raised $345 million in its December 2025 IPO. The company’s units, Class A ordinary shares, and warrants trade on Nasdaq under the symbols MESHU, MESH, and MESHW, respectively. Following the closing of the transaction, the combined company intends to list its securities on Nasdaq or the NYSE.

Existing HGP equity holders will roll 100 percent of their holdings into the combined company. HGP’s management team, principal equity holders, and Meshflow’s sponsor have committed to a customary lockup on their shares post-closing. HGP’s founder and CEO, Gregory Forero, previously served as a Vice President at Constellation and has managed over 22 gigawatts of generation assets.