Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 39

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 39
---
 skilled professionals is intense. If we are unable to adequately anticipate
our needs for certain key competencies and implement human resource solutions to recruit or improve these competencies, our business,
results of operations and financial condition would suffer. If we are unable to recruit and retain highly skilled personnel, especially
personnel with sufficient technical expertise to develop our reactors and fuel, we may experience delays, increased costs and reputational
harm.

<div align='center'>14</div>

There is substantial doubt about our ability to continue as a going concern, and we may require additional future funding.

Based on our recurring losses and expectations
to incur significant expenses and negative cash flows until at least 2028, management has identified substantial doubt about Terra Innovatum’s
ability to continue as a going concern. If we are unable to continue as a going concern, we may be forced to liquidate our assets and
the values we receive for our assets in liquidation or dissolution could be significantly lower than the values reflected in our financial
statements.

To date, we have not generated any material revenue, while we have substantial overhead expenses. We do not expect to generate meaningful
revenue unless and until we are able to finalize development of and commercialize SOLO and related services, and we may not be able to
do so on our anticipated timetable, if at all. We expect our expenses and capital expenditures to increase in connection with our ongoing
activities, including developing and advancing SOLO and other products and services, obtaining the Construction Permit and Operating Licensing
Approval from NRC within the target timeline for CPA and OLA approval for SOLO design and completing our manufacturing preparation and
trials. In addition, we expect to incur additional costs associated with operating as a public company. Certain costs are not reasonably
estimable at this time and we may require additional funding and our projections anticipate certain customer-sourced income that is not
guaranteed.

We may also seek to raise capital through private
or public equity or debt financings or through other sources of financing. Adequate additional funding may not be available to us on
acceptable terms or at all. Our failure to raise capital as and when needed could have a negative impact on our financial condition and
our ability to pursue our business strategies. If we raise additional funds by issuing equity securities, our shareholders will experience
dilution. If we raise additional capital through debt financing, we may be subject to covenants that restrict our operations including
limitations on our ability to incur liens or additional