Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 85

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 85
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 review process and review periods may take longer than anticipated.

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| ● | Macroeconomic Conditions and Global Market Dynamics |

Our business operates in a complex global environment with
multiple interconnected economic factors that can significantly impact our technological development, regulatory trajectory, and potential
market penetration. As a nuclear technology company with an international human capital strategy and multinational supply chain, we are
sensitive to macroeconomic trends and risks.

| ● | Global Supply Chain Dynamics |

We utilize a strategic outsourced manufacturing approach for
the SOLO Micro-Modular Nuclear Reactor, leveraging international human resources and implementing an international manufacturing model
for our FOAK reactor. This strategy exposes us to global supply chain vulnerabilities, including potential impacts from geopolitical tensions,
trade agreements, tariffs, and manufacturing disruptions. Our current assembly preparation in Europe for reactor deployment in the U.S. introduces
additional complexity in navigating international trade regulations, currency exchange risks, and logistical challenges.

By partnering with specialized suppliers certified in nuclear
engineering and precision manufacturing, we aim to avoid significant capital investments in manufacturing facilities and concentrate our
resources on core competencies such as reactor design, technological innovation, and regulatory compliance. Our procurement strategy involves
direct engagement with multiple suppliers for critical components, ensuring supply chain reliability and maintaining the flexibility to
adapt our technology to evolving market and regulatory requirements.

| ● | Inflation and Cost Pressures |

Inflationary trends represent a risk to our development trajectory.
Escalating costs in specialized manufacturing, regulatory compliance, technical talent acquisition, and raw material procurement could
potentially erode our projected economic advantages.

| ● | Energy Market Evolution |

The global energy transition, driven by decarbonization efforts
and increasing demand for reliable low-carbon baseload power, creates both opportunities and challenges. The explosive growth in data
center energy requirements, particularly with artificial intelligence (“AI”) and computational infrastructure expansion, presents
a promising market segment. However, economic growth cycles, shifts in energy policy, and potential slowdowns in technological adoption
could materially affect our market positioning and revenue projections.

To mitigate the AI driven market concentration risks, we have
strategically designed SOLO with multi-sector versatility, targeting a diverse range of energy-intensive industries including industrial
manufacturing (cement, steel, mining, paper production), critical infrastructure services (airports, ports, logistics hubs), agricultural
and food processing applications (greenhouses, vertical farming, food processing plants), energy storage (ammonia production, pink hydrogen)
and essential utility services