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

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 25
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 execute our business strategy and achieve our objectives
could be materially and adversely affected.

There is limited operating experience for reactors of this type, configuration and scale, which may result in greater than expected construction and material costs, maintenance requirements, operating expense or delivery timing.

Our MMR design will
be actively managed through design reviews, prototyping, involvement of external partners and application of industry lessons. However,
we could still fail to identify manufacturing, material and construction issues early enough to avoid negative effects on production,
fabrication, construction or ultimate performance of our MMRs and related technologies, or we may encounter unexpected regulatory issues.
Where these issues arise at such later stages of deployment, deployment could be subject to greater costs or be significantly delayed,
which could materially and adversely affect our business.

The market for MMRs generating electric power and high-temperature heat is not yet established and may not achieve the growth potential we expect or may grow more slowly than expected.

The market for MMRs,
and particularly for MMRs utilizing advanced nuclear technologies such as those employed in the SOLO, has not yet been established. MMRs
utilizing advanced nuclear technologies have limited operational history and have not been proven at scale. Estimates for the total addressable
market and our expectations, inclusive of recent updates, with regards to certain unit economics are based on a number of internal and
third-party estimates, including our potential contracted revenue, the number of potential customers who have expressed interest in our
MMRs, assumed prices and production and regulatory costs for our MMRs, our ability to develop logistical and operational processes, assumptions
regarding our technology and general market conditions. However, our assumptions and the data underlying our estimates may not be correct
and the conditions supporting our assumptions or estimates may change at any time, reducing the predictive accuracy of these underlying
factors. As a result, our expected performance as indicated by the illustrative unit economics provided in this registration statement,
our estimates of the annual total addressable market and serviceable addressable market for our services, as well as the expected growth
rate for the total addressable market and serviceable addressable market for our services, may prove to be incorrect.

We may not attract customers to our MMR technology as quickly as we expect, or at all, and acquiring customers may be more expensive than we currently anticipate.

MMRs and advanced nuclear
technologies are relatively new and unproven and may be more costly than alternatives. Accordingly, adoption of our technology, or MMRs