Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 24

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 24
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 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 uncertainties described in this registration statement. Accordingly, we may be
unable to prepare accurate internal financial forecasts or replace anticipated revenue that we do not receive as a result of delays,
changed circumstances, or changed market conditions arising from these factors, and our results of operations in future reporting periods
may be below the expectations of investors or analysts. If we do not address these risks successfully, our results of operations could
differ materially from our estimates or the expectations of investors or analysts, causing our business to suffer and our ordinary shares
price to decline.

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We have not yet commercialized or sold the SOLO or any other micro modular reactor (“MMR”), and there is no guarantee that we will be able to do so.

After we develop and obtain regulatory approval,
the planned initial deployment of the SOLO is subject to Terra Innovatum reaching binding agreements for its scope of supply with potential
customers. If no customer enters into such binding agreements with us, our initial deployment of the SOLO and ongoing services associated
with such deployment could be significantly delayed. This could have a material adverse effect on our business and financial condition.
To date, the various memoranda of understanding that we have entered into with potential purchasers are non-binding and largely contingent
upon