Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 49

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 49
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 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, and materials used in
a nuclear power plant are subject to a heightened level of manufacturing and quality assurance scrutiny, in compliance with NRC regulations,
applicable codes and nuclear industry standards. Moreover, it is critical to demonstrate in facility design and development that the
materials used in the facility that will be exposed to radiation will perform in accordance with necessary design parameters. The heightened
manufacturing and quality assurance requirements and regulatory oversight limit the number of potential suppliers from whom we can procure
many types of equipment, components, and materials used in our reactors, as well as the types of facilities where we can test certain
materials. These suppliers and the key materials and essential components may be particularly vulnerable to price increases, as a result
of supply and demand dynamics, inflation and other price pressures. As a result, supplier delays, unexpected performance testing results,
issues in the manufacturing process or procuring necessary materials, international procurement needs, regulatory compliance issues,
component qualification issues or delays, increases in costs as a result of inflation or otherwise, and geopolitical considerations can
all impact our ability to perform necessary R&D, assist a customer in licensing a reactor, construct and assist customers in operating
a Terra Innovatum reactor design. This could impact our project timelines and costs, as well as affect potential customer interest in
our reactors.

The public has the ability to intervene in licensing proceedings before the NRC for a reactor.

Under the Atomic Energy Act and the implementing
NRC regulations, members of the public, state, or tribal governments may