Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 78

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 78
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 full-time engineer
on a fixed-price basis of $107.

Share Conversion

In connection with the closing
of the Merger on October 9, 2025, we issued 8,000 preferred shares to former Terra Innovatum Global quotaholders and 40 preferred shares
to Moonshot, which were contingently convertible into our ordinary shares at a ratio of 10,000 ordinary shares per preferred share upon
meeting specified tranche conversion milestones and per the Merger Agreement and the Moonshot Agreement.

On October 16, 2025, certain
conversion milestones were met. In November 2025, our Board of Directors approved and executed the conversion of 4,020 of our preferred
shares into 40,200,000 of our ordinary shares pursuant to the Merger Agreement. Following the conversion, our authorized capital is 540,200,000
ordinary shares and 4,020 preferred shares.

Financial Performance

For the three months ended
September 30, 2025 and 2024, we reported a net loss of $2,987 and net income of $16, respectively. For the nine months ended
September 30, 2025 and 2024, we reported a net loss of $5,580 and net income of $36, respectively. Net cash used in operating activities
was $3,688 for the nine months ended September 30, 2025, and net cash provided by operating activities was $12 for the nine months
ended September 30, 2024. As noted in our financial statements, we had an accumulated deficit of $5,617 as of September 30, 2025.

Key Factors and Trends Affecting Our Business and Results of Operations

We believe the following factors
and trends may cause previously reported financial information not to be necessarily indicative of future operating results or future
financial conditions:

| ● | Product          
 Development Plan |

The commercial rollout of any advanced
nuclear reactors depends on securing regulatory approvals for its design, construction, and operation. Our regulatory engagement plan
was submitted to the NRC, and the NRC is currently reviewing a number of safety related topics related to SOLO. Although our team
has significant prior experience working with the NRC, we cannot control NRC’s review process and review periods may take longer
than anticipated.

| ● | Macroeconomic                         
 Conditions and Global Market Dynamics |

Our business operates in a complex global
environment with multiple interconnected economic factors that can significantly impact our technological development