Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 60

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 60
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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND
RESULTS OF OPERATIONS OF TERRA INNOVATUM GLOBAL, SRL.

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 Form 10-Q.

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 10-Q.

Presentation of Financial Information

Beginning with this quarterly
report on Form 10-Q 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, including those presented in the Form S-4 Amendment No. 5 filed
on September 11, 2025, 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