Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 26

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 26
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Our growth will increase the strain on our resources,
and we could experience operating difficulties, including difficulties in hiring and training employees, finding manufacturing capacity
to produce our MMRs and related equipment, delays in production, challenges in scaling-up fuel and component fabrication capacity and
difficulty sourcing adequate raw material, such as graphite, for our reactors. These difficulties may divert the attention of management
and key employees and impact financial and operational results. If we are unable to drive commensurate growth, these costs, which include
headcount and capital assets, could result in decreased margins, which could have a material adverse effect on our business, financial
condition and results of operations.

We are dependent upon key officers.

Our success depends to a significant extent on the continued service of our key management, technical and other personnel. We are very
thinly staffed and, as a result, the loss of one or more of our executive officers could adversely affect our business, financial condition
and prospects. We do not maintain “key person” life insurance on any of our executives. If we are unable to retain our current
officers or attract and retain additional qualified employees as needed, our ability to execute our business strategy and achieve our
objectives could be materially and adversely affected.

There is limited operating experience for reactors of this type, configuration and scale, which may result in greater than expected construction and material costs, maintenance requirements, operating expense or delivery timing.

Our MMR design will be actively managed through
design reviews, prototyping, involvement of external partners and application of industry lessons. However, we could still fail to identify
manufacturing, material and construction issues early enough to avoid negative effects on production, fabrication, construction or ultimate
performance of our MMRs and related technologies, or we may encounter unexpected regulatory issues. Where these issues arise at such
later stages of deployment, deployment could be subject to greater costs or be significantly delayed, which could materially and adversely
affect our business.

The market for MMRs generating electric power and high-temperature heat is not yet established and may not achieve the growth potential we expect or may grow more slowly than expected.

The market for MMRs, and particularly for MMRs
utilizing advanced nuclear technologies such as those employed in the SOLO, has not yet been established. MMRs utilizing advanced nuclear
technologies have limited operational history and have not been proven at scale. Estimates for the total addressable market and our expectations,