Terra Innovatum Global N.V. (NKLR) Registration Filing summary

Company overview and business model

• Develops the SOLO Micro-Modular Nuclear Reactor, targeting scalable, safe, and affordable clean energy for diverse sectors including industry, data centers, and remote communities.

• SOLO operates for 15 years without refueling, uses commercially available LEU fuel, and is designed for rapid deployment and minimal regulatory barriers.

• Business model centers on direct reactor sales, service packages, and maintenance, leveraging a fabless, outsourced manufacturing strategy.

• Aims for commercial deployment by 2028, with a focus on modularity, safety, and cost competitiveness.

• Recent business combination with GSR III and public listing on Nasdaq under ticker “NKLR.”

Financial performance and metrics

• No revenue generated to date; expects continued losses and negative cash flows until at least 2028.

• Net loss of $2.99 million for Q3 2025 and $5.58 million for the nine months ended September 30, 2025.

• Accumulated deficit of $5.62 million as of September 30, 2025.

• Cash used in operating activities was $3.69 million for the nine months ended September 30, 2025; cash balance of $2.15 million at period end.

• PIPE financing raised $36.8 million; $5.7 million in bridge loans converted to equity and warrants at merger closing.

Use of proceeds and capital allocation

• Proceeds from warrant exercises (up to $59.5 million) intended for general corporate and working capital purposes.

• No proceeds from resale of securities by selling securityholders; company only benefits from cash warrant exercises.

• Capital needs for first reactor estimated at $65–75 million through 2028; additional funding likely required for commercialization.