Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 50

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 50
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 request a public hearing opposing the issuance of any NRC permit
or license, or challenging portions of the license or permit application or of the NRC’s review. Certain NRC actions also include
provision for a mandatory administrative hearing regardless of whether any contentions are submitted in conjunction with the action.
These hearing processes may delay or prevent the issuance of required regulatory approvals (e.g., permits or licenses) for a customer’s
MMR.

The SOLO designs have not yet been approved or licensed for use at any site by the NRC, and approval or licensing of these designs is not guaranteed.

Terra Innovatum submitted its regulatory engagement
plan to the NRC in January 2025. Notwithstanding these actions, the SOLO designs have yet been licensed or approved by the NRC,
and no currently operating NRC-regulated reactor uses technology we use in SOLO.

If the NRC disagrees with our, or our customers’,
licensing approach or the technical bases supporting the nuclear safety and environmental impact evaluations, the construction and operating
license application processes could take longer than currently expected, or a license may not be granted at all, which could materially
and adversely affect our business. Further, the NRC could impose conditions in a license that are not acceptable to us or our customers,
which could materially and adversely affect our business. Any delays, conditions or unexpected requirements may increase costs for us
or our customers and may result in uncertainty regarding the ability to deploy our technology in a predictable way, which may adversely
impact our competitiveness.

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Even if the SOLO is licensed in the United States, we must still obtain approvals on a country-by-country basis to deploy these reactor technologies, which approvals may be delayed or denied or which may require modification to our design.

Even if the SOLO is licensed and/or approved in
the United States, if we are to deploy our technology in other countries, we must first obtain regulatory approvals for our technology
in those countries. The regulatory framework to obtain approvals is complex, varies from country to country, and may involve authorities
on a sub-national or local level. Timelines are likely to be longer for initial deployments of our technology in any jurisdiction, as
regulatory agencies may not be familiar with our technology and how it differs from the technology used in legacy nuclear power facilities.
Moreover, other countries’ approval processes may differ markedly from the NRC process, or they may require that we alter aspects
of our design before providing approval.