Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 209

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 209
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) ____________ (1)The unit economics of the 1 MWe SOLO nuclear reactor are presented as of April 2025, and future periods are not adjusted for inflation. The unit economics of the 1 MWe SOLO nuclear reactor provided herein are for illustrative purposes only. Actual operating costs and revenues of the 1 MWe SOLO nuclear reactor are subject to change based upon how Terra Innovatum’s business develops and such changes may be significant and differ materially from those estimates provided herein. The unit economics of the 1 MWe SOLO nuclear reactor assume all regulatory approvals have been obtained on expected timelines. The regulatory process, including necessary NRC approvals and licensing, is a lengthy, complex process and projected timelines could vary materially from the actual time necessary to obtain all the required approvals. In addition to the Unit Economics depicted above, Terra Innovatum also provided to GSR III an illustrative schedule, which was the best estimate of a modest ramp -upof sales of Terra Innovatum’s standard 1 MWe SOLO nuclear reactors over a ten -yearperiod. The illustrative schedule included target deployment estimates beginning in Year 0. In Year1, the number of 1 MWe SOLO nuclear reactors expected to reach deployment is 4. In Year2, the number expected to reach deployment is 10. In Year3, the number expected to reach deployment is 50. In Year4, the number expected to reach deployment is 150. In Year5, the number expected to reach deployment is 1,000. In Year6, the number expected to reach deployment is 4,800. In Year7, the number expected to reach deployment is 10,000. The material assumptions underlying the estimated timeline for deployment are related to the (i) number commercial contracts expected to be signed prior to commercial licensing, (ii) the supply chain design and roll -out, and (iii) the preparation of the sites and specific licensing activities associated with the deployment of SOLO at customers’ sites. The number of reactors which could be sold over the years was assessed based on an evaluation of the demand in different sectors in the countries in which the reactor could be sold. Terra Innovatum performed customer interviews and secondary research to assess the total addressable market and the total serviceable market over the coming years. Customers interviewed notably included US and European mid to large companies operating in the logistics and storage sector, port operations sector, pulp and paper manufacturing sector, food manufacturing sector, digital and computing infrastructure providers sector