Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 95

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 95
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 advanced reactor development. However, the regulatory
and political landscape could shift at any time due to factors beyond our control, including changes in administrations, public perception
shifts following nuclear-related incidents, or evolving energy priorities.

According the Department
of Energy’s Advanced Nuclear Liftoff Report, nuclear capacity has the potential to triple from 2024 to 2050. Several factors have
contributed to the renewed interest in nuclear energy. First, there is a strong desire to move from fossil fuels to carbon-free power
sources. While wind and solar power continue to gain in popularity, they remain not dispatchable (i.e. cannot be adjusted on demand by
the operator to match supply with electricity demand). Moreover, they have much larger space demands than would a modular nuclear reactor.

Microreactor deployment faces
unique challenges and opportunities compared to traditional nuclear plants and larger SMRs. While our SOLO reactor’s inherent safety
features, small footprint, and absence of an EPZ requirement position us favorably for widespread adoption, we must navigate complex
regulatory pathways that are still evolving for this new class of nuclear technology. Our ability to use commercially available LEU fuel
provides a significant advantage over competitors requiring HALEU. As SOLO can use both fuel types, it can be deployed at scale with
existing licensed LEU fuel while being ready to use HALEU when it will be commercially available.

Market adoption of microreactor
technologies like SOLO will depend on our ability to demonstrate safety, reliability, and economic competitiveness against both traditional
energy sources and other emerging technologies. The current market shift toward distributed energy resources and increasing demand for
reliable, carbon-free power in applications ranging from data centers to remote industrial operations presents significant opportunities
for our technology. However, public perception about nuclear energy, local community reaction to the installation of nuclear reactors,
delays in regulatory approvals, or changes in energy economics could impact the pace of adoption and our overall business performance.

As we work toward commercializing
our SOLO reactor, our performance will depend in part on factors affecting the broader nuclear industry and energy markets, which remain
subject to technological, regulatory, and political influences that are difficult to predict over the long term.

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Our markets

SOLO will provide transformative
micro modular nuclear reactor solutions for industries requiring reliable, scalable, and carbon-free energy. The SOLO platform delivers
electricity and/or heat (e.g. by means of high-temperature steam) to markets