Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 325

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 325
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 key technological components, and are advancing through critical regulatory milestones to achieve our 2028 FOAK reactor completion target. Recent Developments During the year ended December 31, 2024, we entered into an interest -freeloan agreement (the “2024 Loan Agreement”) with our quotaholders for approximately $216,212, which was provided in full by March 31, 2025. The loan is scheduled to mature on December 31, 2040, with automatic annual extensions permitted until December 31, 2045, unless payment is requested by the quotaholders. On March 21, 2025, we entered into a second interest -freeloan agreement (the “2025 Loan Agreement”) with our quotaholders. The total loan amount of $220,749 is to be provided in cash installments by April 10, 2025, and matures on December 31, 2040. The maturity is subject to annual extensions until December 31, 2024, unless repayment is requested by the quotaholders. As of March 31, 2025, quotaholders advanced a total of $287,815 related to the 2024 and 2025 Loan Agreements. We expect that these loans will be paid off at or before Closing. 163 Pre-application activities for SOLO micro reactor Following an informal introductory meeting in November 2024, on January 24, 2025, we engaged in pre -applicationactivities with the NRC for our SOLO micro reactor design, to streamline the licensing process through the submission of the Regulatory Engagement Plan (“REP”). Merger On April 21, 2025, Terra, GSR III, and such other parties that may become parties entered into a merger agreement (the “Merger Agreement”). The following are the transactions contemplated in the Merger Agreement: Pre-Closing Restructuring Terra has undergone and will undergo a pre -closingrestructuring (the “Terra Pre -ClosingRestructuring”): • Formation of Terra Innovatum Global srl: On April29, 2025, Terra created Terra Innovatum Global srl. (“Terra Global”), with the same owners and ownership percentages as Terra. • Contribution of Ownership Interests: Following the formation of Terra Global, all owners of Terra will contribute 100% of their respective quotas in the capital of Terra to Terra Global (the “Contribution”). As a result of the Contribution, Terra will become a wholly owned subsidiary of Terra Global