Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 275

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 275
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 fixed and competitive projected levelized cost of energy. The Company’s strategic
roadmap targets commercial deployment by 2028, with a clear focus on delivering a scalable, modular nuclear solution that can be deployed
across diverse markets — from industrial and infrastructure to remote and off-grid applications. Key differentiators include
a gas-cooled design, multiple safety shutdown mechanisms, safeguard-by-design, small footprint, and the ability to use commercially available
Low Enriched Uranium (“LEU”), which significantly reduces regulatory and technological barriers typical in nuclear energy
development. The Company has made substantial progress in de-risking its First-of-a-Kind (“FOAK”) reactor, including initiating
regulatory engagement with the U.S. Nuclear Regulatory Commission (“NRC”), and establishing a robust supply chain strategy.
The Company has completed the reactor design, validated key technological components, and is advancing through critical regulatory milestones
to achieve the Company’s 2028 FOAK reactor completion target.

On June 23, 2025, the Terra Innovatum, Srl.
quotaholders, who collectively owned 100% of both Terra Innovatum Global, Srl. and Terra Innovatum, Srl., contributed 100% of their respective
quotas in the capital of Terra Innovatum, Srl. to Terra Innovatum Global, Srl. (the “Contribution”). As a result of the Contribution,
Terra Innovatum, Srl. became a wholly owned subsidiary of Terra Innovatum Global, Srl. This transaction represents a transfer of
ownership interests between entities under common control and is accounted for in accordance with ASC 805-50, Business
Combinations — Subtopic 50: Transactions Between Entities Under Common Control. Under this guidance, the assets and liabilities
of Terra Innovatum, Srl. were transferred to Terra Innovatum Global, Srl. at their carrying amounts as of the date of transfer,
with no recognition of goodwill or gain/loss. The Contribution also results in a change in the reporting entity under U.S. GAAP,
as Terra Innovatum Global, Srl. now serves as the ultimate parent company for financial reporting purposes. Comparative financial statements
have been retrospectively adjusted to reflect the financial position and results of operations of Terra Innovatum Global, Srl. as if the
entities had always been combined. (Also, see below in “Contribution of Ownership Interests.”)

Merger

Background

On April 21, 2025, Terra Innovatum, Srl., G