Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 48

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 48
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 our business, financial condition and results of operations.

If and when required, the inability to secure and
maintain required export licenses or authorizations could negatively impact our ability to compete successfully or market our MMR technology
for commercial applications. If we were unable to obtain authorization to export our technology, hardware, code or technical assistance,
we would experience a limited market for our technology, which would provide a competitive edge to international suppliers of MMRs. In
both cases, these restrictions could lead to an adverse impact on our ability to sell our commercial technology. Similarly, if we were
unable to secure export authorization, we may need to implement design changes to our MMRs to address issues with our domestic supplier
chain, which may increase costs or result in delays in delivery of new plants and subsequent additional MMRs when ordered.

Failure to comply with export control laws and
regulations could expose us to civil or criminal penalties, fines, investigations, more onerous compliance requirements, and loss of
export privileges. Any 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),