Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 214

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 214
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 material assumptions underlying the estimated timeline for deployment are as follows: Sales Projections Basis of Projections: Production-Limited Growth Our sales projections are fundamentally based on our production and operational ramp -upcapabilities, rather than being constrained by market demand. Extensive market analysis, including primary discussions with potential customers and secondary research, indicates a total addressable market in excess of 1.5million reactors worldwide. For example, in its 2024 report on the status of renewable energy, the International Energy Agency 85 estimates that 5.5TW of new renewable energy production will be needed and installed by 2030, this corresponds to a total addressable market of 5.5M reactors. This substantial demand effectively means our growth trajectory in the foreseeable future will be dictated by our ability to manufacture, deliver, and commission our reactors. Year 1: Initial Market Seeding For the first year of operations, we project the sale and deployment of four reactors. This initial forecast is grounded in substantive discussions with potential early -adopterclients. While we have received significant interest from a broad range of customers, we also recognize a common reluctance to be the first to adopt a new technology. Therefore, our projection is conservatively based on securing contracts with one or two pioneering customers who are prepared to lead the market. This initial phase is critical for establishing operational proofs of concept and reference installations. Years 2-4: Supplier-Driven Growth Phase For the three years following the initial seeding year, we project a rapid and sustained growth in production, with an estimated annual increase of 2 to 3 times the prior year’s production. This growth rate is not determined by demand, but by the operational ramp -upcapabilities that our key suppliers communicated to us, based on their increasing proficiency, expansion of their skilled workforce, and manufacturing efficiencies over time. Year 5: Step-Change in Production Capacity A significant inflection in our production capacity is projected for Year5, with output expected to reach 1,000 reactors. This step -changeis predicated on the strategic expansion of our suppliers’ manufacturing infrastructure. To scale beyond the 150 -200annual reactor production level, our suppliers have indicated that they must undertake significant capital investments in new factories, supply chains, and logistical capabilities. Based on our discussions, key suppliers have indicated their willingness to commit to these investments following our first successful year of operations. These expansion projects have an estimated lead time of three years to become fully operational. Therefore, capital commitments made after Year 1 will result in newly expanded