Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 190

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 190
---
atum’s upfront valuation of $450million (or 45million shares) and an additional 75million shares by having the upfront consideration be proximate to where Nano Nuclear Energy Inc.’s median, historical market cap was at the time, while at the same time recognizing, through the use of the additional shares, the significant upside potential for the company relative to where Nuscale Power Corporation and Oklo Inc’s median, historical market caps were at the time.

| SMR Companies             |     | Ticker |     | Initial      
 Trading Date |     | End Date   |     | Median     
 Market Cap 
 ($M)       |       |
|:--------------------------|:----|:-------|:----|:-------------|:----|:-----------|:----|:-----------|------:|
| Nuscale Power Corporation |     | SMR    |     | 5/2/2022     |     | 12/10/2024 |     | $          | 2,103 |
| Oklo Inc                  |     | OKLO   |     | 5/10/2024    |     | 12/10/2024 |     | $          | 1,101 |
| Nano Nuclear Energy Inc.  |     | NNE    |     | 5/7/2024     |     | 12/10/2024 |     | $          |   442 |

On December 16, 2024, PAC called GSR III to convey preliminary feedback from Terra Innovatum on GSR III’s valuation preview, namely that Terra Innovatum could likely accept a valuation comprised of 47.5million shares to Terra Innovatum at closing and an additional 80mm shares at specific milestones, as well as the deferral of some of GSR III’s founder economics. Also on December 16, 2024, GSR III held a Board meeting to discuss Terra Innovatum as a potential target and to receive approval for the entry into a non -bindingletter of intent (the “LOI”) with Terra Innovatum, which the Board unanimously approved. Between December 17, 2025 to December 23, 2024, GSR III shared various drafts of the LOI with PAC, which included 47.5 million shares to Terra Innovatum at closing, 75 million shares at specific milestones and a deferral of 10% of sponsor’s founder shares, and held several calls to discuss and agree to various other terms within