Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 199

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 199
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 the Business Combination Over the past 6 – 12 months, Terra Innovatum carefully evaluated the rapidly shifting landscape of the global energy and capital markets. The parties determined that a business combination through a de -SPACtransaction represented the most efficient and strategically aligned path to achieve Terra Innovatum’s commercialization goals and long -termmission. The decision to pursue this route was influenced by several converging macroeconomic, geopolitical, and technological trends. Global conflicts and geopolitical instability have caused significant disruptions to traditional energy supplies, driving energy prices higher and triggering an urgent global search for clean, scalable alternatives. At the same time, the exponential growth in data processing, driven in part by artificial intelligence, has drastically increased global energy demand, with the U.S. Energy Information Administration forecasting a 50% rise by 2050. Large tech companies like Amazon and Google have begun allocating capital into nuclear solutions such as small and micro -modularreactors (SMRs/MMRs), signaling a clear market shift toward nuclear as a viable long -termenergy solution. In parallel, capital markets have responded with a resurgence of nuclear -relatedinvestments. In early 2025, assets held in nuclear ETFs surpassed those in all other energy categories combined. Prominent investors, including Bill Gates, have announced their intention to publicly commit billions to nuclear innovation, and SPAC activity in the sector has intensified — with investments between public and private sector over $1 billion allocated to nuclear -focusedtransactions in the past year alone. SPACs have re -emergedas a suitable vehicle for advanced energy companies like Terra Innovatum seeking both capital and strategic visibility to scale and commercialize breakthrough technologies. 76

While Terra Innovatum did consider a public listing through a traditional IPO, it determined that the SPAC route offered a more compelling and strategic path forward. Most notably, the de -SPACprocess allows for an expedited timeline to public listing, increased transaction certainty amid evolving capital markets, and stronger market positioning — leveraging Terra Innovatum’s advanced nuclear technology and its potential to emerge as a leader in the next generation of clean energy solutions in respect to other peers. Importantly, this approach mirrors the successful public listings of other advanced nuclear companies such as NuScale, Oklo, and X -Energy, all of which have completed de -SPACtransactions resulting in multi -billion -dollarvaluations and heightened investor interest in the sector. The opportunity to partner with GSR III was another key driver. GSR III brings a highly experienced team with deep capital markets and