NEW YORK (September 11, 2026) – Ashurst Perkins Coie is pleased to have advised special purpose acquisition company Meshflow Acquisition Corp. on its entry into a definitive business combination agreement with HGP Intelligent Energy, LLC, a developer of load-following technology for nuclear power plants. Under the terms of the business combination agreement, HGP and Meshflow will combine under a newly formed Delaware holding company which, upon completion of the transaction, will become the publicly traded parent company of the combined business. The transaction implies a pro forma equity value of approximately $1.2 billion.
Proceeds are expected to support qualification and manufacturing of HGP's variable-speed reactor coolant pump, continued development and validation of its digital twin technology, and site development and licensing work for its Integrated Naval Nuclear Energy Campus, among other uses.
Ashurst Perkins Coie's advisory team included Capital Markets Partner Elliott Smith, M&A Partner Jeff Beuche and Tax Partner Ryan Gaglio with Counsels Jordan Leon and Sarah Ross and Associates Olga Baudelaire and Jacob Booker.
About Ashurst Perkins Coie
