Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 72

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 72
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 respective notes thereto. See “ Unaudited Pro Forma Condensed Combined Financial Information.” 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 registration statement. Unless the context otherwise requires, references in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” to “we”, “our” and “the Company” refer to the business and operations of Terra Innovatum Global, Srl. prior to the Business Combination and to Terra Innovatum, Srl. following the consummation of the Business Combination.

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 targets commercial deployment
by 2028, with a clear focus on delivering a scalable, modular nuclear solution that can be deployed across diverse markets — from
industrial and infrastructure to remote and off-grid applications. Key differentiators include our gas-cooled design, multiple safety
shutdown mechanisms, safeguard-by-design, small footprint, and the ability to use commercially available Low Enriched Uranium (“LEU”),
which significantly reduces regulatory and technological barriers typical in nuclear energy development.

We have made substantial progress in de-risking
its First-of-a-Kind (“FOAK”) reactor, including initiating regulatory engagement with the U.S. Nuclear Regulatory Commission
(“NRC”), and establishing a robust supply chain strategy. We have completed our reactor design, validated key technological
components, and are advancing through critical regulatory milestones to achieve our 2028 FOAK reactor completion target. On July 9,
we disclosed that a Memorandum of Understanding (“MOU”) had been signed with Rock City Admiral