Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 22

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 22
---
 2024. We expect that operating losses and negative cash flows will increase in the coming years
because of additional costs and expenses related to our research and development (which we refer to herein as “R&D”),
business development activities and our status as a publicly traded company. To date, we have not generated any revenue. We do not expect
to generate any revenue unless and until we are able to commercialize our reactors and/or other lines of business. As we have incurred
losses and experienced negative operating cash flows since our inception, and accordingly we have undertaken equity financing from investors
to satisfy our funding needs; however, we may not raise adequate funding to offset our expenses and losses. Moreover, we may encounter
unforeseen expenses, difficulties, complications, delays, and other unknown factors that may adversely affect our business. The magnitude
of our future net losses will depend, in part, on the rate of future growth of our expenses and our ability to generate and grow revenue.
We cannot predict the outcome of the actions to generate liquidity to fund our operations, whether such actions would generate the expected
liquidity to fund our operations as currently planned or whether the costs of such actions will be available on reasonable terms or at
all. Our continued solvency is dependent upon our ability to obtain additional working capital to complete our reactor development, to
successfully market our reactors and to achieve commerciality for our reactors. Our prior losses and expected future losses have had
and may continue to have adverse effects on our stockholders’ equity (deficit) and working capital and may lead to the failure
of our business.

Our limited operating history makes it difficult to evaluate our future prospects and the risks and challenges we may encounter.

We have a limited operating
history in a rapidly evolving industry. The markets for nuclear reactor design, nuclear reactor production, nuclear fuel design, nuclear
fuel supply, and services related to any or all of the foregoing business may not continue to develop in a manner that we expect or that
otherwise would be favorable to our business. As a result of our limited operating history and ongoing changes in our new and evolving
industry, including evolving demand for our products and services and the potential development of technologies that may prove more efficient
or effective for our intended use cases, our ability to forecast our future results of operations and plan for future growth is limited
and subject to uncertainties. We have encountered and expect to continue to encounter risks and uncertainties frequently experienced
by companies in rapidly evolving industries, such as the risks and