Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 94

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 94
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 reactor incorporates
redundant shutdown mechanisms and is encased in a 2.5 meter thick concrete housing (known as the “monolith”) providing biological
shielding; hence, no EPZ beyond the operational boundary is required. This design should allow the deployment of SOLO in highly populated
areas and sensitive locations where conventional nuclear plants and other Small Modular Reactors (“SMRs”) cannot be deployed,
notably due to their larger footprints and associated EPZ.

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The SOLO reactor is designed
to deliver a highly competitive and stable LCOE of 7 cents per kWh over a 45-year period, with potential for further reduction when waste
heat is utilized for industrial or commercial applications, a process known as “cogeneration”. Our regulatory engagement
plan was submitted to the Nuclear Regulatory Commission in early 2025, and we believe we will achieve our First-of-a-Kind (FOAK) reactor
by 2027.

Our target customer base
spans a number diverse sectors — including industrial operations, manufacturing facilities, remote locations, healthcare facilities,
and data centers, among many others. SOLO is designed to allow customers to purchase nuclear power generating capacity that can be deployed
virtually anywhere it’s needed, providing point-of-use power and heat without reliance on transmission infrastructure. Focusing
on using commercially proven materials and existing supply chains in the nuclear field, we are positioned to deliver reliable, affordable,
and sustainable energy solutions to customers worldwide through our reactor sales and associated services.

Expected Timeline and Costs for Deployment

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In order to complete our
first reactor, we estimate our total capital needs will be between $65-75 million from now through 2028. Our anticipated timing
for capital needs is as follows:

Industry Overview

The nuclear energy industry
is experiencing renewed interest as countries worldwide seek reliable, carbon-free energy solutions to address climate change concerns
while meeting growing energy demands. SMRs and microreactors, like our SOLO technology, represent a new generation of nuclear solutions
designed to overcome traditional barriers to nuclear deployment.

The successful execution
of our business model depends on favorable regulatory environments, public acceptance of nuclear power, and continued policy support
for advanced nuclear technologies. Recently, in the United States and globally, governments have demonstrated increased support
for next-generation nuclear technologies through initiatives such as the Nuclear Regulatory Commission’s improved frameworks for
reviewing innovative designs and the Department of Energy’s programs supporting