Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 23

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 23
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 the SOLO is subject to Terra Innovatum reaching binding agreements for its scope of supply with potential customers. If no customer enters into such binding agreements with us, our initial deployment of the SOLO and ongoing services associated with such deployment could be significantly delayed. This could have a material adverse effect on our business and financial condition. To date, the various memoranda of understanding that we have entered into with potential purchasers are non-binding and largely contingent upon successful site characterization studies — including for the First Of A Kind site, governing body approvals and regulatory approvals, and may not result in binding agreements for the purchase of our products or services. The potential purchasers may also elect to terminate or pursue other alternative transactions. If we fail to manage our growth effectively, we may be unable to execute our business plan, and our business, results of operations, and financial condition could be harmed. In order to achieve future revenue growth, we must finalize our reactor design, receive regulatory approvals, and continue to develop and market new products and services to traditional and non-traditional end-users. We intend to expand our operations as we develop and deploy our products and services in the future, and will need to hire and retain additional personnel, upgrade our existing operational management and financial and reporting systems, and improve our business processes and controls. Our future expansion will include:

| ● | hiring and training new personnel; |

| ● | completing the designs, licensing, construction, and commissioning 
 of SOLO;                                                           |

| ● | finalizing our reactor design and developing new technologies 
 and services (e.g., training, maintenance, procurement);      |

| ● | optimizing applications of our reactors to serve both traditional                                                                                    
 utility and electric power customers and a broad base of non-traditional industrial customers interested in utilizing the efficient high-temperature 
 heat produced by our design;                                                                                                                         |

| ● | controlling expenses and investments in anticipation of expanded 
 operations and rising costs;                                     |

| ● | upgrading the existing operational management and financial                     
 reporting systems and team to comply with requirements as a public company; and |

| ● | implementing and enhancing administrative infrastructure, 
 systems and processes.                                    |

If our operations continue to grow as planned, of which there can be no assurance, we will need to expand our sales and marketing, research and development, customer and commercial strategy, products and services, supply, and manufacturing functions. These efforts will require us to invest significant financial and other resources, including in industries and sales channels in which we have limited experience to date. We will also need