Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 299

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 299
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 Capital Group Corp. (“PAC”) to provide financial advisory services in connection with the Merger. Under the agreement, PAC is engaged to assist with negotiation, structuring, and execution of the business combination, preparation of marketing materials, and securing potential backstop financing. Pursuant to the agreement, we have committed to a retainer fee of $50,000, payable upon execution of the engagement letter, and a LOI signature fee of $25,000, payable upon signing a mutually exclusive letter of intent with a SPAC. Upon the public announcement of the business combination, we will be required to pay an announcement milestone fee of $225,000. Additionally, upon the closing of the business combination, PAC will be entitled to a cash success fee of $2,500,000, along with 623,000shares of the SPAC/combined entity’s common stock, subject to vesting conditions tied to certain milestones, and one million warrants with a strike price of $7 per share, exercisable within 60 months from the business combination closing date. The agreement includes an expense reimbursement provision, under which we are responsible for reasonable, pre -approvedout -of -pocketexpenses incurred by PAC, capped at $50,000 unless otherwise agreed. Additionally, we have agreed to indemnify PAC for certain liabilities arising from its engagement. Key Factors and Trends Affecting Our Business and Results of Operations We believe the following factors and trends may cause previously reported financial information not to be necessarily indicative of future operating results or future financial conditions: • Product Development Plan The commercial rollout of any advanced nuclear reactors depends on securing regulatory approvals for its design, construction, and operation. Our regulatory engagement plan was accepted by the NRC, and the NRC is currently reviewing a number of safety related topics related to SOLO. Although our team has significant prior experience working with the NRC, we cannot control NRC’s review process and review periods may take longer than anticipated. • Macroeconomic Conditions and Global Market Dynamics Our business operates in a complex global environment with multiple interconnected economic factors that can significantly impact our technological development, regulatory trajectory, and potential market penetration. As a nuclear technology company with an international human capital strategy and multinational supply chain, we are sensitive to macroeconomic trends and risks. • Global Supply Chain Dynamics We utilize a strategic outsourced manufacturing approach for the SOLO Micro -ModularNuclear Reactor, leveraging international human resources and implementing an international manufacturing model for our FOAK reactor. This strategy exposes us to global supply chain vulnerabilities