Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 28

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 28
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 business opportunities, and the loss of market share.

We operate in highly competitive markets and are
subject to competition based upon product design, performance, pricing, quality, and services, from competing nuclear suppliers as well
as from alternative means of producing electricity and/or heat. There are a number of advanced reactor designs, and some advanced reactor
projects, under development in the United States. Many of these designs are involved in pre-application review with the NRC. Our
advanced design, projected product design performance, engineering expertise, and quality control have been important factors in our
growth; nonetheless other companies providing competing technologies could capture customers or market share from us, which could have
a material adverse effect on our business or financial condition.

For sales and/or deployments outside of jurisdictions
with highly-developed nuclear regulatory frameworks, some of our foreign competitors currently benefit from, and others may benefit in
the future from, permissive regulatory and licensing regimes and/or from protective measures by their home countries where governments
are providing financial support, including significant investments in the development of new technologies.

We believe our ability to compete successfully
in designing, engineering and manufacturing our products and services at attractive costs to customers does and will depend on a number
of factors, which may change in the future due to increased competition, our ability to meet our customers’ needs and the frequency
and availability of our offerings. If we are unable to compete successfully, our business, financial condition and results of operations
would be adversely affected.

Technological changes could render our technology and products uncompetitive or obsolete, which could prevent us from achieving market share and sales.

Our failure to refine or advance our MMR technologies
could cause our reactor technology to become uncompetitive or obsolete, which could prevent us from achieving market share and sales.
We may need to invest significant financial resources in research and product development to keep pace with technological advances in
the industry and to compete in the future; we may be unable to secure such financing. A variety of competing alternative technologies
may be in development by other companies that could result in lower manufacturing or operating costs and/or higher performance than those
expected for our technology. Our development efforts may be rendered obsolete by the technological advances of others, and other technologies
may prove more advantageous for commercialization.

Changes in the availability and cost of electricity, natural gas and other forms of energy are subject to volatile market conditions that could adversely affect our business.

The prices for and availability of electricity,
oil and other energy resources are subject to volatile market conditions. We do