Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 340

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 340
---
193 in other income, net, and an increase in provision for income taxes of $10,701. Liquidity, Going Concern, and Capital Resources Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations, and otherwise operate on an ongoing basis. Since inception, we have financed our operations primarily through cash flows from capital contributions. To date, we have not generated any revenue from our core business operations. We do not expect to generate any meaningful revenue unless and until we are able to complete development, regulatory licensing and entering into the effective commercialization phase of the SOLO Micro -ModularNuclear Reactor which we do not anticipate occurring before 2028. We will require additional capital to develop the SOLO Micro -ModularNuclear Reactor and to fund operations for the foreseeable future. In the short term, we will fund our cash needs through funds raised through convertible bridge loans and funds to be received upon the closing of the Business Combination. Subsequent to June 30, 2025, we raised approximately $5,000,000 million in bridge financing. It is a condition to closing that the GSR Available Cash be at least $25,000,000. 175 We will be outsourcing manufacturing. Consequently, we will not need to invest heavily in manufacturing facilities for the first 2 to 3 years while scaling up to 1,000 units per year. After that, Terra will most likely require co -investmentswith suppliers and contract manufacturers. If additional funding was made available earlier, we would be in a position to upfront some of the working capital and capital expenses requirements associated with a faster ramp up of the production capacity. As of June 30, 2025, we had cash of $3,972,204. For the six months ended June 30, 2025, we used approximately $1,371,162 in cash for operating activities. As of December 31, 2024, we had cash of $68,934. For the year ended December 31, 2024, we used approximately $41,192 in cash for operating activities. Historically, we have incurred recurring net losses from operations and negative cash flows from operating activities. As of June 30, 2025, we had an accumulated deficit of approximately $2,630,042. As of December 31, 2024, we had an accumulated deficit of approximately $36,862. These factors raise substantial doubt regarding our ability to continue