Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 70

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 70
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ANCIAL CONDITION AND
RESULTS OF OPERATIONS OF TERRA INNOVATUM GLOBAL, SRL.</div>

The following discussion and analysis provides information that Terra Innovatum Global, Srl. (“Terra Innovatum Global”) management believes is relevant to an assessment and understanding of Terra Innovatum Global’s results of operations and financial condition. This discussion should be read together with Terra Innovatum Global’s unaudited consolidated financial statements as of and for the three and nine months ended September 30, 2025 and September 30, 2024, and the related notes included elsewhere in this prospectus.

This discussion may contain forward-looking statements based upon current expectations that involve risks and uncertainties. Terra Innovatum Global’s actual results may differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth under “Risk Factors” or in other parts of this Form prospectus.

Presentation of Financial Information

Beginning with the financial
information for the three and nine months ended September 30, 2025, we have elected to present all dollar amounts rounded to the nearest
thousand dollars, unless otherwise indicated. In prior periods, financial information was presented in whole dollars. This change has
been made to enhance the readability and consistency of financial disclosures. As a result, certain prior period amounts may not be directly
comparable due to rounding differences.

Company Overview

Terra Innovatum Global is a
pioneering nuclear energy technology company developing the SOLO Micro-Modular Nuclear Reactor (“SOLO”), a breakthrough solution
designed to address critical challenges in clean energy production. Our reactor represents a significant technological and engineering
advancement, offering a compact, safe, and economically compelling alternative to traditional energy infrastructure. The SOLO reactor’s
core innovation lies in its ability to generate 1 MWe of electricity baseload with a continuous operational cycle of up to 15 years,
extendable to 45 years through strategic refueling, with a fixed and competitive projected levelized cost of energy. SOLO design
is characterized by a small footprint and a highly modularity able to cover carbon-free energy needs ranging from MW to GW.

Our strategic roadmap targets
commercial deployment by 2028, with a clear focus on delivering a scalable, modular nuclear solution that can be deployed across diverse
markets — from industrial and infrastructure to remote and off-grid applications. Key differentiators include our gas-cooled
design, multiple safety shutdown mechanisms, safeguard-by-design, small footprint, and the ability to