Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 71

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 71
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 use commercially available Low
Enriched Uranium (“LEU”), which significantly reduces regulatory and technological barriers typical in nuclear energy development.

We have made substantial
progress in de-risking its First-of-a-Kind (“FOAK”) reactor, including initiating regulatory engagement with the
U.S. Nuclear Regulatory Commission (“NRC”), and establishing a robust supply chain strategy. We have completed our
reactor design, validated key technological components, and are advancing through critical regulatory milestones to achieve our 2027
FOAK reactor completion target. On July 9, 2025, we disclosed that a Memorandum of Understanding (“MOU”) had been signed
with Rock City Admiral Parkway Development (“Rock City”) to host the FOAK reactor, subject to customary approvals
including, but not limited to, NRC approval. As a number of conditions are expected to be required in order for Rock City to host
the FOAK, we are concurrently examining potential alternative sites, including other locations owned by the owner and developer of
Rock City. To that effect, we signed an amendment to the original MoU on September 3, 2025 which provides us with an additional
potential FOAK site.

Recent Developments

Engineering Services Agreement

On July 11, 2025, we entered
into an engineering services agreement with Nine, a related party, to support the design of the SOLO project. Per the terms of the agreement,
Nine committed to deliver certain technical services to the Company with a total value of $215 (€184 Euros) plus value added tax
(“VAT”), including an initial payment of $131 that was paid in September 2025.

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FPoliSolutions LLC Agreement

On July 23, 2025, we entered
into an engineering services agreement with FPoliSolutions LLC (FPoli Solutions), a related party. As per the terms of the agreement,
FPoliSolutions will provide support for the development of the SOLO Micro Modular Reactor including technical assistance in safety analysis,
hazard modeling, radiological consequence evaluation, risk-informed safety assessments, and techno-economic analysis. The work was completed
in September 2025.

Q3 2025 Bridge Loans

In August and September 2025,
multiple lenders committed to loan $690 to the Company, in the aggregate, to be evidenced by unsecured debt note subscription agreements
(the “Q3 2025 Bridge Loans”). In August and September 2025,