Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 56

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 56
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. Accordingly, it is possible that our overall expenses and related outspend could be higher than the levels we currently
estimate, and any increases could have a material adverse effect on our business, financial condition and results of operations.

We may experience a disproportionately higher impact from inflation and rising costs.

Recently, inflation has increased. Inflation has
resulted in, and may continue to result in, higher interest rates and capital costs, higher shipping costs, higher material costs, supply
shortages, increased costs of labor and other similar effects. Although the impact of material cost, labor, or other inflationary or
economically driven factors will impact the entire nuclear and energy transition industry (including renewable sources of electricity,
like solar and wind), the relative impact may not be the same across the industry, and the particular effects within the industry will
depend on a number of factors, including material use, design, structure of supply agreements, project management and others, which could
result in significant changes to the competitiveness of our technology and our ability to sell SOLO reactors, which could have a material
adverse effect on our business, financial condition and results of operations.

If we incur indebtedness in the future, we could be exposed to risks that could adversely affect our business, financial condition and results of operations.

In the future, we may incur additional indebtedness.
Our indebtedness could have significant negative consequences for our security holders, business, results of operations and financial
condition by, among other things:

| ● | increasing                                                     
 our vulnerability to adverse economic and industry conditions; |

| ● | limiting our                            
 ability to obtain additional financing; |

| ● | requiring                                                                                             
 the dedication of a substantial portion of our cash flow from operations to service our indebtedness, 
 which will reduce the amount of cash available for other purposes;                                    |

| ● | limiting our                                                       
 flexibility to plan for, or react to, changes in our business; and |

| ● | placing us                                                                                 
 at a possible competitive disadvantage with competitors that are less leveraged than us or 
 have better access to capital.                                                             |

Our business may not generate sufficient funds,
and we may otherwise be unable to maintain sufficient cash reserves, to pay any additional indebtedness that we may incur. Any future
indebtedness that we may incur may contain financial and other restrictive covenants that will limit our ability to operate our business,
raise capital or make payments under our indebtedness. If we fail to comply with such covenants or to make payments under