Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 50

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 50
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 changes in export control regulations may restrict our operations.

Changes in international trade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on our performance or business prospects.

There have recently been significant changes to
international trade policies and tariffs affecting imports and exports. Any significant increases in tariffs on raw materials or supplied
components for our reactors could negatively affect our performance or business prospects.

Recently, the U.S. has implemented a range
of new tariffs and increases to existing tariffs. In response to the tariffs announced by the U.S., other countries have imposed, are
considering imposing, and may in the future impose new or increased tariffs on certain exports from the United States. There is currently
significant uncertainty about the future relationship between the United States and other countries with respect to trade policies,
taxes, government regulations and tariffs. and we cannot predict whether, and to what extent, current tariffs will continue or trade policies
will change in the future.

We are part of the nuclear power industry, which is highly regulated. Our MMR designs similarly differ from reactors currently in operation, including with respect to potential industrial uses. As a result, the regulatory licensing and approval process for our nuclear power plants may be delayed and made more costly.

The nuclear power industry is highly regulated. All entities that operate
nuclear power facilities, fabricate nuclear fuel and transport special nuclear materials in the United States are subject to the
jurisdiction of the NRC (except for those facilities and applications separately regulated by the DOE), and entities performing the same
activities in other countries are subject to regulation by the NRC’s counterparts around the world. Our MMR designs differ in some
respects from the reactors used today at commercial nuclear power facilities. These differences could result in more prolonged and extensive
review by the NRC and its counterparts around the world that could cause reactor development program delays and delays in commercialization

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Our reactor development timeline relies on the relevant
nuclear regulator to accept and approve technical information and documentation about our reactor designs in the course of any design-specific
licensing, certification, approval or similar process, or in the course of facility-specific licensing. There is a risk that regulators
may require additional information regarding the reactor’s behavior or performance that necessitates additional, unplanned analytical
and/or experimental work which could cause schedule delays and require more research and development funding.

These key materials and components may also be particularly vulnerable to inflationary pressures and cost increases.

The equipment, components,