Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 217

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 217
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 regulatory process, including necessary NRC approvals and licensing, is a lengthy, complex process and projected timelines could vary materially from the actual time necessary to obtain all the required approvals. In addition to the Unit Economics depicted above, Terra Innovatum also provided to GSR III an illustrative schedule, which was the best estimate of a modest ramp -upof sales of Terra Innovatum’s standard 1 MWe SOLO nuclear reactors over a ten -yearperiod. The illustrative schedule included target deployment estimates beginning in Year 0. In Year1, the number of 1 MWe SOLO nuclear reactors expected to reach deployment is 4. In Year2, the number expected to reach deployment is 10. In Year3, the number expected to reach deployment is 50. In Year4, the number expected to reach deployment is 150. In Year5, the number expected to reach deployment is 1,000. In Year6, the number expected to reach deployment is 4,800. In Year7, the number expected to reach deployment is 10,000. The material assumptions underlying the estimated timeline for deployment are as follows: Sales Projections Basis of Projections: Production-Limited Growth Our sales projections are fundamentally based on our production and operational ramp -upcapabilities, rather than being constrained by market demand. Extensive market analysis, including primary discussions with potential customers and secondary research, indicates a total addressable market in excess of 1.5million reactors worldwide. For example, in its 2024 report on the status of renewable energy, the International Energy Agency 85 estimates that 5.5TW of new renewable energy production will be needed and installed by 2030, this corresponds to a total addressable market of 5.5M reactors. This substantial demand effectively means our growth trajectory in the foreseeable future will be dictated by our ability to manufacture, deliver, and commission our reactors. Year 1: Initial Market Seeding For the first year of operations, we project the sale and deployment of four reactors. This initial forecast is grounded in substantive discussions with potential early -adopterclients. While we have received significant interest from a broad range of customers, we also recognize a common reluctance to be the first to adopt a new technology. Therefore, our projection is conservatively based on securing contracts with one or two pioneering customers who are prepared to lead the market. This initial phase is critical for establishing operational proofs of concept and reference installations. Years 2-4: Supplier-Driven Growth Phase For the three