Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 92

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 92
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For example, the resolution of funding thresholds in June 2025 required a final fair value measurement and reclassification of certain
warrants, which impacted earnings. We continuously evaluate these assumptions, and changes in inputs or classification could materially
affect our financial condition and results of operations.

Off-Balance Sheet Arrangements

We do not have any off-balance
sheet arrangements (as that term is defined in Item 303 of Regulation S-K) that are reasonably likely to have a current or
future material effect on our financial condition, expenses, results of operations, liquidity, or capital resources.

Related Party Transactions

Refer to Note 4. “Related Party Transactions”
of the Notes to our Financial Statements included elsewhere in this prospectus for a discussion of related party transactions.

Recent Accounting Standards and Pronouncements

Refer to Note 3. “Summary of Significant
Accounting Policies” of the Notes to our Financial included elsewhere in this prospectus for a discussion of recent accounting
standards and pronouncements.

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BUSINESS</div>

Our Mission

Terra Innovatum’s mission
is to make nuclear power accessible by delivering simple and safe micro-reactor solutions that are scalable, affordable and deployable
anywhere, 1MWe at a time. Since our project commenced in 2018, we have invested significantly in development efforts and completing our
SOLO micro modular reactor design in October 2024.

Overview

Terra Innovatum was incorporated
under the laws of Italy on September 23, 2021 (“Inception”) and is headquartered in Lucca, Italy. Before Terra Innovatum’s
incorporation, from 2018 to 2021 a team of engineers, who are now part of Terra Innovatum, contributed their time, effort and resources
to advance the SOLO concept to design, demonstrating the feasibility and the innovation aspects.

Terra Innovatum is a nuclear
reactor developer, focused on smaller, cheaper, and safer advanced clean energy solutions. Terra Innovatum’s flagship product,
the SOLO Micro-Modular Nuclear Reactor (SOLO), is designed to operate continuously at full power for 15 years without refueling, with
the potential for core swaps to extend the operational cycle up to 45 years. Its modular design aims to achieve maximum energy efficiency
while significantly reducing the levelized cost of energy (“LCOE”). Terra Innovatum is committed to delivering
carbon-free energy solutions and aims to achieve commercial deployment of SOLO by