Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 312

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 312
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 diluted, because issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period presented. (2)Represents 1,000,000 PubCo Ordinary Shares potentially issuable to PAC upon the exercise of a warrant to be issued upon the Closing. (3)Represents 960,794 PubCo Ordinary Shares potentially issuable to third parties upon the exercise of warrants to be issued upon the Closing of the Business Combination to certain Bridge Loan lenders.

151 BUSINESS OF TERRA INNOVATUM AND CERTAIN INFORMATION ABOUT TERRA INNOVATUM Overview of the Business Our Mission Terra Innovatum’s mission is to make nuclear power accessible by delivering simple and safe micro -reactor solutions that are scalable, affordable and deployable anywhere, 1MWe at a time. Since our projectcommenced in 2018, we have invested significantly indevelopment efforts and completing our SOLO micro modular reactor design in October 2024. Overview Terra Innovatum was incorporated under the laws of Italy on September23, 2021 (“Inception”) and is headquartered in Lucca, Italy. Before Terra Innovatum’s incorporation, from 2018 to 2021 a team of engineers, who are now part of Terra Innovatum, contributed their time, effort and resources to advance the SOLO concept to design, demonstrating the feasibility and the innovation aspects. Terra Innovatum is a nuclear reactor developer, focused on smaller, cheaper, and safer advanced clean energy solutions. Terra Innovatum’s flagship product, the SOLO Micro -ModularNuclear Reactor (SOLO), is designed to operate continuously at full power for 15 years without refueling, with the potential for core swaps to extend the operational cycle up to 45 years. Its modular design aims to achieve maximum energy efficiency while significantly reducing the levelized cost of energy (“ LCOE”). Terra Innovatum is committed to delivering carbon -freeenergy solutions and aims to achieve commercial deployment of SOLO by 2028 to address the growing global demand for sustainable and reliable energy. Terra Innovatum believes the following characteristics make SOLO unique and position the company well for successful regulatory approval: •The SOLO reactor uses Low Enriched Uranium (“ LEU”) fuel which is commercially available and for which a well -establishedsupply chain exists today. •SOLO cannot experience meltdown or explosion due to the use of a helium coolant instead of water and low thermal output •Emergency Planning Zone (“ EPZ”) limited to “