NASDAQ: NKLR

Terra Innovatum Global N.V.

CIK 0002067627 · Fabricated Plate Work (Boiler Shops)

Small by assets Assets $102M as of Jul 5, 2026

Terra Innovatum Global N.V. (“we,” “us,” “our,” “Terra,” “Terra Innovatum” or the “Company”) was formed in connection with Terra Innovatum Global s.r.l.’s conversion into a Dutch public limited liability company (naamloze vennootschap), as contemplated by the Business Combination Agreement, and is… About this business →

Each report below shows a 3-bullet preview. Free accounts read 3 full reports a month — narrative summary, section diffs, and EDGAR-cited quotes.

Sign up free

Want to see a complete report first? Today's free report (ADMT 10-K) is open in full — no account needed.

424B3 Filed Jul 6, 2026

Summary not yet generated.

424B3 Filed Jul 6, 2026

Summary not yet generated.

Partner

Trade NKLR commission-free

Open an account, get a free stock.

Sign up

Investing involves risk. Free stock terms apply.

424B3 Filed Jul 6, 2026

Summary not yet generated.

8-K Filed Jul 2, 2026 · Period ending Jun 16, 2026

Summary not yet generated.

10-Q Filed Jul 1, 2026 · Period ending Mar 31, 2026 Red flag

NKLR discloses four material weaknesses in controls, $7.1M Q1 loss, $96.7M cash runway

5 material changes detected. Sign up free to read the summary.

10-K Filed Jun 16, 2026 · Period ending Dec 31, 2025

Summary not yet generated.

8-K Filed May 22, 2026 · Period ending May 19, 2026 Red flag

Terra Innovatum receives Nasdaq delisting warning for missing Q1 2026 and 2025 annual reports

3 material changes detected. Sign up free to read the summary.

8-K Filed Apr 17, 2026 · Period ending Apr 16, 2026 Red flag

Terra Innovatum receives Nasdaq delisting warning over late 2025 annual report filing

3 material changes detected. Sign up free to read the summary.

8-K Filed Mar 30, 2026 · Period ending Mar 28, 2026 Red flag

Terra Innovatum CFO Guillaume Moyen resigns abruptly; Board chair Katherine Williams steps in

3 material changes detected. Sign up free to read the summary.

8-K Filed Jan 21, 2026 · Period ending Jan 15, 2026

Summary not yet generated.

8-K Filed Dec 23, 2025 · Period ending Dec 17, 2025

Summary not yet generated.

10-Q Filed Nov 17, 2025 · Period ending Sep 30, 2025

Summary not yet generated.

About Terra Innovatum Global N.V.

Source: Item 1 (Business) from the 10-K filed June 16, 2026. Description as filed by the company with the SEC.

ITEM 1. BUSINESS.

The Company

Terra Innovatum Global
N.V. (“we,” “us,” “our,” “Terra,” “Terra Innovatum” or the “Company”)
was formed in connection with Terra Innovatum Global s.r.l.’s conversion into a Dutch public limited liability company (naamloze
vennootschap), as contemplated by the Business Combination Agreement, and is headquartered in Lucca, Italy. Terra is a leading micro-modular
nuclear solutions company that aims to deliver reliable, low-cost and zero-carbon power wherever energy demand is present through its
first-of-a-kind reactor SOLO. SOLO is compact yet extremely powerful with one unit generating 1MWe of power, while designed with significant
safety characteristics and the ability to run 24/7 without the need to refuel for 15 years. Its modular design aims to achieve maximum
energy efficiency while significantly reducing the levelized cost of energy (LCOE). SOLO is built predominantly using off-the-shelf components
and widely available fuel, low-enriched uranium (“LEU”), which de-risks its regulatory and commercial pathway. Terra
Innovatum aims to deploy SOLO by 2028 to address the growing global demand for sustainable and reliable energy.

Business Combination

On October 9, 2025, we
consummated our previously announced business combination with GSR III Acquisition Corp. (“GSR III”), pursuant to the
business combination agreement (the “Business Combination Agreement”), dated April 21, 2025, between GSR III and Terra
Innovatum s.r.l., an Italian limited liability company (Italian Società a responsabilità limitata) (“Terra OpCo”),
which contemplated several transactions and reorganizations through which Terra became the parent of GSR III. Pursuant to the terms of
the Business Combination Agreement, Terra OpCo caused to be formed Terra Innovatum Global s.r.l., an Italian limited liability company
(Italian Società a responsabilità limitata) with the same quotaholders in the same ownership percentages as Terra
OpCo (“Terra Global”); Terra Global converted into a public limited liability company organized under Dutch law, referred
to herein as “Terra”; GSR III was merged with and into Terra MergerCo (a wholly-owned Subsidiary of Terra), with GSR
III surviving the merger as a wholly owned Subsidiary of Terra (the “Merger” and, together with the other transactions
contemplated by the Business Combination Agreement, the “Business Combination”).

Read full description ↓

On October 10, 2025,
our Ordinary Shares commenced trading on Nasdaq, under the symbol “NKLR.”

Our Mission

Terra Innovatum’s mission is to make nuclear
power accessible by delivering simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere, 1MWe at
a time.

Overview

Terra Innovatum srl was incorporated under the
laws of Italy on September 23, 2021 (“Inception”) and is headquartered in Lucca, Italy. Before Terra Innovatum’s
incorporation, from 2018 to 2021 a team of engineers, who are now part of Terra Innovatum, contributed their time, effort and resources
to advance the SOLO concept to design, demonstrating the feasibility and the innovative aspects.

Terra Innovatum is a nuclear reactor developer,
focused on smaller, cheaper, and safer advanced clean energy solutions. Terra Innovatum’s flagship product, the SOLO Micro-Modular
Nuclear Reactor (SOLO), is designed to operate continuously at full power for 15 years without refueling, with the potential for core/reactor
swaps to extend the operational cycle up to 45 years. Its modular design aims to achieve maximum energy efficiency while significantly
reducing the levelized cost of energy (“LCOE”). Terra Innovatum is committed to delivering carbon-free energy solutions
and aims to achieve commercial deployment of SOLO by 2028 to address the growing global demand for sustainable and reliable energy.

1

Terra Innovatum believes the following characteristics
make SOLO unique and position the Company well for successful regulatory approval and commercialization:

The SOLO reactor uses Low Enriched Uranium (“LEU”)
fuel which is commercially available and for which a well-established supply chain exists today.


SOLO’s design inhibits the possibility of meltdown or explosion due to the use of a helium
coolant instead of water and low thermal output.

Emergency Planning Zone (“EPZ”) expected to be limited
to “Operations Boundary.”


Proliferant resistance due to safeguards implemented by design.

Long lasting: each SOLO reactor is designed to operate for 15 years
without refueling with a total potential lifespan of 45 years following core/reactor swaps; when High Assay Low Enriched Uranium (“HALEU”)
becomes commercially available, SOLO reactors could operate for up to 45 years without refueling.


Modularity by design: from 1MWe with 1 SOLO to 1GWe with approximately 1000 SOLOs.


Redundancy by design: on a fleet of 100 SOLOs (100Mwe), 1 reactor under maintenance leaves 99%
of the power generation available during its outage.

Designed to be assembled in factories and transported for erection
on site in a cost efficient manner.

SOLO’s compact and modular design allows potential usage
on smaller customer sites that would not typically be suitable for traditional nuclear power.

Terra Innovatum’s primary business model
is centered on the direct sale of SOLO reactors to customers seeking reliable and sustainable energy solutions, such as industrial operations,
manufacturing facilities, remote locations, healthcare facilities, and data centers, among many others. We intend to manufacture these
units by contracting with existing nuclear component suppliers, with final assembly expected to be completed in established facilities
in the U.S., Europe and Asia before transporting them to customer sites. Each SOLO reactor is designed to be easily transported via standard
highways and installed using pre-fabricated components, with the goal of dramatically reducing deployment time and costs compared to
conventional nuclear facilities. In addition to reactor sales, we intend to offer service packages and periodic maintenance services
throughout each unit’s operational lifetime.

Innovation is central to our mission. Our breakthrough
ability to reach criticality using LEU fuel should enable expedited regulatory approval. The SOLO reactor incorporates redundant shutdown
mechanisms and is encased in a 2.5 meter thick concrete housing (known as the “monolith”) providing biological shielding;
hence, no EPZ beyond the operational boundary is expected to be required. This design should allow the deployment of SOLO in highly populated
areas and sensitive locations where conventional nuclear plants and other Small Modular Reactors (“SMRs”) cannot be
deployed, notably due to their larger footprints and associated EPZ.

The SOLO reactor is designed to deliver a highly
competitive and stable LCOE over a 45-year period, with potential for further reduction when waste heat is utilized for industrial or
commercial applications, a process known as “cogeneration”. Our regulatory engagement plan was submitted to the Nuclear Regulatory
Commission in early 2025, and we are targeting licensing and commercial deployment of our First-of-a-Kind (FOAK) reactor by 2028.

Our target customer base spans a number of diverse
sectors — including industrial operations, manufacturing facilities, remote locations, healthcare facilities, and data centers,
among many others. SOLO is designed to allow customers to purchase nuclear power generating capacity that can be deployed virtually anywhere
it’s needed, providing point-of-use power and heat without reliance on transmission infrastructure. Focusing on using commercially
proven materials and existing supply chains in the nuclear field, we are positioned to deliver reliable, affordable, and sustainable
energy solutions to customers worldwide through our reactor sales and associated services.

2

Expected Timeline and Costs for Deployment

The following summarizes our estimated key dates
in our timeline for deployment:

Industry Overview

The nuclear energy industry is experiencing renewed
interest as countries worldwide seek reliable, carbon-free energy solutions to address climate change concerns while meeting growing
energy demands. SMRs and microreactors, like our SOLO technology, represent a new generation of nuclear solutions designed to overcome
traditional barriers to nuclear deployment.

The successful execution of our business model depends, among other
considerations, on favorable regulatory environments, public acceptance of nuclear power, and continued policy support for advanced nuclear
technologies. Recently, in the United States and globally, governments have demonstrated increased support for next-generation nuclear
technologies through initiatives such as the Nuclear Regulatory Commission’s improved frameworks for reviewing innovative designs
and the Department of Energy’s programs supporting advanced reactor development. However, the regulatory and political landscape
could shift at any time due to factors beyond our control, including changes in administrations, public perception shifts following nuclear-related
incidents, or evolving energy priorities.

Microreactor deployment faces unique challenges
and opportunities compared to traditional nuclear plants and larger SMRs. While our SOLO reactor’s inherent safety features, small
footprint, and envisioned absence of an EPZ requirement position us favorably for widespread adoption, we must navigate complex regulatory
pathways that are still evolving for this new class of nuclear technology. Our ability to use commercially available LEU fuel provides
a significant advantage over competitors requiring HALEU looking into the commercial readiness aspect.

Market adoption of microreactor technologies like SOLO will depend
in part on our ability to demonstrate safety, reliability, and economic competitiveness against both traditional energy sources and other
emerging technologies. The current market shift toward distributed energy resources and increasing demand for reliable, carbon-free power
in applications ranging from data centers to remote industrial operations presents significant opportunities for our technology. However,
public perception about nuclear energy, local community reaction to the installation of nuclear reactors, delays in regulatory approvals,
or changes in energy economics could impact the pace of adoption and our overall business performance.

As we work toward commercializing our SOLO reactor,
our performance will depend in part on factors affecting the broader nuclear industry and energy markets, which remain subject to technological,
regulatory, and political influences that are difficult to predict over the long term.

Our markets

SOLO is intended to provide transformative micro-modular
nuclear reactor solutions for industries requiring reliable, scalable, and carbon-free energy. The SOLO platform delivers electricity
and/or heat (e.g. by means of high-temperature steam) to markets where conventional infrastructure is constrained, costly, or environmentally
unsustainable. We believe that the SOLO solution can address six critical industry sectors through standardized, modular deployment,
including: Industrial Applications, Logistics and Transportation, Data Centers, Energy Storage, Civil and Commercial Facilities and Underserved
Communities.

We work with nuclear component suppliers, engineering
firms, and construction partners to deliver complete SOLO reactor systems. By focusing on commercially available components and simplified
design, we can address these diverse sectors with a standardized product that can be deployed virtually anywhere energy is needed and
we can be flexible in the project development business model.

One key element of SOLO is its modularity. The
SOLO provides energy production upon installation of the first module, allowing customers to scale as needed in a cost-effective manner
without sacrificing its energy needs. As the reactor is expected to have a small EPZ, we can satisfy any demand ranging from MW to GW
by replicating the reactor as many times is needed to cover the customer needs.

3

Industrial Applications

The SOLO reactor is designed to serve a wide range
of industrial customers requiring both electricity and process heat. Our 1MWe power generation capability combined with 4MW of 55°C
heat or 5MW of 450°C steam addresses critical energy needs across industries including cement production, food processing, paper mills,
chemical plants, pharmaceutical facilities, and mining operations.

We believe that our reactors will provide industrial
customers with stable energy costs, reduced carbon emissions, and enhanced reliability, particularly in remote locations or regions with
expensive grid electricity.

SOLO is designed to support industrial processes
that traditionally rely on fossil fuel boilers, offering significant decarbonization opportunities. This energy source is specifically
relevant for sugar refiners, breweries and distilleries (other than food processing industries).

Logistics and Transportation

The logistics sector requires consistent power
for frozen storage facilities, automated distribution centers, shipping ports, airports, and Electric Vehicle (“EV”)
charging infrastructure, among a number of other applications. SOLO reactors provide the reliable electricity needed for these operations
while offering waste heat utilization for facility climate control or specific process applications.

By eliminating dependency on diesel generators
or unreliable grid connections, our technology can enable more sustainable and cost-effective logistics operations.

Data Centers

The rapidly growing data center market faces
significant challenges including power availability constraints, land use and water restrictions, and grid capacity limitations. SOLO
reactors address these challenges through their compact 10m2 footprint, which dramatically reduces land requirements compared
to conventional power generation facilities and helps avoid the increasing land use conflicts seen in specific densely populated areas
in the United States and Europe where data center development has faced restrictions due to competing community needs.

Our behind-the-meter, off-grid capability can
reduce reliance on strained electrical infrastructure, allowing data centers to bypass the typical long waiting period for grid power
access experienced in the United States and Europe.

The SOLO reactor’s modular approach may
enable data center operators to deploy power capacity incrementally at 1MWe per module, aligning energy supply with facility construction
phases and commercial ramp-up rather than waiting for full commissioning of large-scale power plants and its design features allows for
load-follows operation with a very limited battery energy storage capacity.

This scalability supports both colocation and
hyperscale facilities with the ability to deploy multiple units to meet capacity requirements up to 1GW. Our approach offers superior
reliability and redundancy compared to traditional grid connections while simultaneously eliminating carbon emissions.

The waste heat from SOLO reactors can be utilized
for building heating or sold to district heating systems or through heat pumps generating air conditioning, further enhancing efficiency
and creating additional revenue streams.

Energy Storage

Our SOLO micro nuclear reactor platform is ideally
suited to enable advanced energy storage.

4

By providing reliable, carbon-free electricity,
SOLO can support the production of pink hydrogen through electrolysis.

In ammonia and fertilizer plants, SOLO’s
electricity and heat can replace fossil-fuel boilers, enabling large-scale decarbonization of ammonia synthesis — critical
steps for both food security and emerging clean energy markets.

Biofuel refineries can also benefit from SOLO’s
process heat and power, which can efficiently drive distillation, fermentation, and pumping, lowering the carbon intensity of ethanol
and biodiesel production while displacing diesel or natural gas.

Civil and Commercial Facilities

Critical facilities such as hospitals, airports,
water treatment facilities and hotels require uninterrupted power for continuous operation.

The SOLO reactor is designed to deliver 1MWe
of baseload power with additional thermal energy that can be utilized for space heating, water heating, and other facility needs.

For hospitals specifically, our technology is
designed to enable both reliable power and the production of radioisotopes for medical applications such as cancer treatment and diagnostics,
bringing these capabilities to facilities that might otherwise lack access to such resources.

Underserved Communities

Remote locations, islands, and communities with
limited grid access traditionally rely on expensive, polluting diesel generation. SOLO reactors offer transformative energy solutions
for these markets, providing stable electricity at predictable costs for basic needs, agricultural irrigation and water desalination.
By eliminating dependence on diesel fuel logistics, price fluctuations and negative environmental impacts, our technology can enable
sustainable energy independence and economic development in underserved regions.

Our Technology

Electricity and Thermal Capacity

SOLO outputs 1MW electric produced by transforming
4MW of heat powered by the same type of LEU fuel that powers most nuclear facilities in the world today.

Overall Dimensions

The reactor is compact with overall dimensions of approximately 6.5m
in height, a cross section of 2.4 m and weighing 60 metric tons in total (reactor core is less than 20 metric tons). SOLO can be assembled
in many existing nuclear manufacturing facilities and can be transported on most U.S. and European highways.

Fuel

SOLO can use LEU, leveraging the vast operational experience accumulated
by the various fuel vendors over the past decades.

5

SOLO is prepared to accommodate future technologies
notably on fuel perspective, being compatible with HALEU products when licensed and commercially available.

SOLO provides a platform able to transition to
new developments e.g. potentially benefitting of significant extension of its fuel cycle employing HALEU or adopting current and future
accident tolerant fuel (ATF) solutions related to new clad material, which would allow an increase of the thermodynamic efficiency and
possibly extending its industrial applications.

(1)
Based on the neutronics analysis, with the use of HALEU, SOLO could either (i) operate
at a large power output of 20MWt for 15-years, or (ii) operate at the same power output of 4MWt for ~70 years. Increasing
the power output, however, would require a change to the design of the reactor, while operating at the same power for a longer period
of time would not require such design changes.

SOLO can also benefit from current and future
accident tolerant fuel (ATF) solutions related to new clad material, which would allow an increase of the average working temperature,
consequently improving the thermodynamic efficiency and possibly extending its industrial applications.

Fuel Rods/Moderator

The fuel rods contain UO2 Pellets
at 4.95% U-235 enrichment level in Zircalloy clad (same as operating Light Water Reactors). The moderator is a made of a solid heterogeneous
Beryllium and Graphite matrix.

6

Coolant

SOLO is a gas cooled reactor. The coolant, which
is helium gas, enters the bottom of the reactor, is heated while passing through dedicated channels adjacent to the fuel rods and collected
into the upper plenum. Keeping a physical separation between the coolant and the fuel rods is a very important design feature. After
being heated, the helium moves from the upper plenum to a heat exchanger transferring the heat to the secondary circuit for the production
of electricity.

Multiple Redundant Shutdown Mechanisms

The reactor is controlled when everything is
operating normally using 12 control drums. The control drums are built with a N+3 redundancy: 9 out of 12 drums are sufficient to ensure
the control function up to shut down the reactor. In addition to the control system, we built 3 different active and passive and diverse
shutdown mechanisms; each of which has its own redundancy. These 3 shutdown systems can be relied upon in case of malfunction or incident:

●12 shutdown drums: 9 of which are enough to shut down the
reactor.

●6 shutdown rods, 5 of which are enough to shut down the reactor.

●6 shutdown rodlets, 5 of which are enough to shut down the
reactor.

7

Monolith: Biological Shield

SOLO is encased in all sides by the about 2.5m
thick concrete block, the Monolith, which serves as a biological shield from radiation and the decay heat removal system. With the Monolith,
decay heat is removed by natural convection. Since the radiation that reaches the outside of the Monolith is almost non-existent, we expect
that an EPZ will be limited to the external boundary of the Monolith.

Competitive Strengths

Unique Technology and Safety Features

SOLO has been purposefully engineered as a compact 1MWe+4Mwt at 55°C/5MWt
at 450°C reactor to prioritize safety. Its low thermal power output eliminates the risk of core meltdown. By using helium as a coolant
instead of water, SOLO also avoids the danger of hydrogen explosions. Beside the elimination by physics of such catastrophic events the
design benefits of the helium’s inert nature which allow the exclusion of corrosion issues on any reactor and coolant piping components.
The reactor is equipped with multiple independent shutdown mechanisms and is enclosed within the Monolith, potentially allowing it to
operate without the need for an EPZ to increase safety and regulatory compliance.

Supply Chain Certainty and Fast Time to Market

Every safety-related component of SOLO, including
fuel, is sourced from the existing nuclear supply chain. Non safety-related components such as turbines, heat exchangers, condensers,
etc. are commercially-off-the-shelf components from tradition non-nuclear suppliers. This approach promotes predictable regulatory pathways,
reliable commercialization, and cost visibility. Multiple suppliers are available for each key component, reducing supply chain risk and
supporting rapid deployment. The simulations associated with the design and components can be executed with existing codes licensed for
nuclear applications.

SOLO’s simple design and use of off-the-shelf
materials minimize R&D requirements and streamline the licensing process. The regulatory engagement plan with the NRC is already underway,
targeting commercial deployment in 2028.

8

Economic Competitiveness

SOLO’s LCOE is expected to be highly competitive
globally, especially in the U.S. and European markets.

The reactor’s co-generation capability
(simultaneous production of electricity and usable heat) allows customers to offset heating costs, potentially reducing the effective
electricity price further. We believe additional savings might be obtained where carbon credits are available for emission reductions.

Furthermore, SOLO’s modularity enables
customers to scale installations precisely to their needs, with significant cost savings due to reduced transmission infrastructure and
on-site assembly.

Operational Flexibility and Market Reach

SOLO can be a source of electricity, heat, co-generation,
or radioisotopes, serving a diverse range of sectors: industrial, infrastructure, medical, data centers, and more.

The modular, factory-assembled design allows
SOLO to be shipped globally and installed quickly, even in challenging environments. Its compact size and limited weight support transport
on standard highways and fast on-site installation.

The SOLO reactor is compatible with both LEU and,
when available, HALEU, ensuring future-proof fuel flexibility, potentially excluding the need of core/reactor replacement to cover the
45 year life span of the system.

Scalability and Redundancy

SOLO’s modularity means installations
can be scaled from a single unit to hundreds or even thousands, providing energy redundancy and minimizing the impact of individual
reactor outages. A 1,000-unit SOLO installation occupies less dedicated land (including EPZ) than a typical 1 GW reactor (when inclusive of a reactor’s required EPZ), at a
fraction of the cost and with enhanced reliability.

Regulations

We are subject to extensive U.S. federal,
state, and local laws and regulations, as well as foreign laws, covering a broad range of areas relevant to our operations. These regulatory
requirements are continually evolving, both domestically and internationally, resulting in an expanding scope of compliance obligations.
Key areas of regulation include nuclear energy and materials, environmental protection, export controls, national security, and other
legal domains. Like other participants in the commercial nuclear industry, we operate under significant scrutiny from regulatory authorities
in the U.S. and abroad, and many applicable laws and regulations are subject to ongoing interpretation and change by agencies and
courts. Compliance with these requirements can be complex and costly, potentially affecting our business model, competitive position,
and financial results.

The nuclear industry is highly regulated worldwide,
and the design, construction, and operation of nuclear facilities require regulatory approval in each jurisdiction. Nuclear safety regulators
typically assess design safety, resilience to internal and external hazards, and environmental impacts. Regulatory processes are country-specific,
though international collaboration among regulators is common, especially when a design is deployed in multiple markets. Our licensing
strategy aims to secure timely approvals by engaging early with regulators and maintaining a consistent design across markets, leveraging
the U.S. Nuclear Regulatory Commission’s (“NRC”) approval of the design as a foundation.

Internationally, most countries restrict license
applications to the proposed plant owner or operator. We intend to engage proactively with regulators in each target country, consistent
with our approach in the U.S. The NRC’s established relationships with foreign regulators and participation in international
organizations such as the International Atomic Energy Agency (“IAEA”) are expected to support our efforts to obtain
regulatory approvals abroad and provide additional confidence in our technology. We also anticipate benefiting from the NRC’s regulatory
assistance programs, which facilitate collaboration and information sharing with other national regulators. Beyond nuclear safety, our
activities are also subject to other regulatory controls, including export control laws, nuclear material safeguards, non-proliferation
obligations, and liability insurance regimes such as the Price-Anderson Act and international conventions. Compliance with these additional
requirements may further impact our operations, costs, and risk profile.

9

Patents and Proprietary Rights

We strategically protect our intellectual property
through a combination of patents, trademarks, trade secrets, confidentiality agreements, and licensing arrangements both domestically
and internationally, with plans to strengthen this protection framework as our technology portfolio expands.

Our pending and filed patent applications specifically
address our advanced reactor designs, passive safety systems, digital twin technology, and specialized nuclear instrumentation and control
systems critical to our micro-modular reactor technologies. Patent Protection is expected to last until approximately 21 years from
the earliest provisional filing date, which would be in 2046 taking into consideration the possibility of a short-term patent term extension
and full payment of all fees.

Provisional patents expire one year from their
filing date, however such patents remain patent pending as long as a Patent Cooperation Treaty or National phase application claiming
a benefit to that provisional patent was filed on or before the one year deadline. The filing of the Regular, PCT or National phase application
starts the 20 year available patent term. Together with the one year term of the Provisional Patent, the potential patent term will be
approximately 21 years from the filing dates of the provisional applications. There are various factors that might extend or shorten
patent terms, including without limitation, (i) excessive delays within the patent office that could result in extensions to the
patent term, (ii) Terminal disclaimers that tie patent terms to other patents, and (iii) timely payment of maintenance fees
to retain the patent(s) after issue.

The Company filed PCT filings for two provisional
patents on April 20, 2026.

U.S. Patent Application FOR:
File Date
Regular/PCT

Due
Potential

Patent

Expiration

Small And Micro Nuclear Reactors And Conductive Solid Moderator Assemblies With Embedded Nuclear Fuel Used Therein
8/25/2024
8/25/2025
8/25/2045

Control And Shutdown System For Small And Micro Nuclear Reactors
8/25/2024
8/25/2025
8/25/2045

Control And Shutdown System For Small And Micro Nuclear Reactors
1/10/2025
1/10/2026
1/10/2046

Small and Micro Nuclear Reactor with Real Time Integrated Safeguard Systems
1/13/2025
1/13/2026
1/13/2046

Reactor Vessel Shell And Integrated Radiological Containment For Small And Micro Nuclear Reactors
4/20/2025
4/20/2026
4/20/2046

Radioisotopes Production with Nuclear Micro-Reactor
4/20/2025
4/20/2026
4/20/2046

We also engage with international and local regulatory
bodies and existing frameworks to safeguard our innovations across various jurisdictions. However, certain countries where our reactor
components may be manufactured or where our reactor systems may be deployed may offer less robust protection for nuclear intellectual
property compared to the United States or European Union regulatory environments.

Our intellectual property strategy employs a
systematic assessment framework considering:


Critical component manufacturing locations and supply chain considerations;


Strategic nuclear technology development pathways across different regulatory regimes;

10


Nuclear-specific intellectual property enforcement mechanisms in target deployment jurisdictions;
and


Commercial significance relative to established and emerging competitors in specific nuclear markets
and regions.

We plan to establish licensing agreements for
certain specialized nuclear technologies from third-party developers and anticipate continued expansion of such arrangements as our reactor
deployment roadmap advances.

Manufacturing and supply chain

We implement a fabless and contract manufacturing
strategy, and expect to contract with key suppliers for all phases of the manufacturing process. We expect that this will eliminate the
need for an in-house factory and will allow us to use existing manufacturing facilities. We leverage the expertise of industry-leading
suppliers that comply with nuclear quality assurance standards — including 10 CFR 50 Appendix B — in
areas including fabrication, assembly, quality control, reliability testing, and licensing. We expect micro reactors like SOLO be regulated
under the pending 10 CFR Part 57, a new regulation tailored to reactors like SOLO. This approach may allow Terra Innovatum to avoid the
significant costs and risks associated with owning and operating manufacturing facilities while enabling scalability and rapid response
to markets changing conditions.

While we plan to directly procure certain critical
raw materials used in our products, such as moderators, fuel, and specialized components, our suppliers are expected to manage procurement
for most other components. This enables us to focus our resources on product design, licensing, quality assurance, marketing, and customer
engagement.

To anticipate high growth periods, we may place
non-cancellable inventory orders for certain components ahead of historical lead times, pay premiums, or provide deposits to secure future
supply and manufacturing capacity.

Our supply chain will be positioned for deployment, with manufacturing
risks mitigated through qualification testing of key components in advance of both First-of-a-Kind (FOAK) and Nth-of-a-Kind (NOAK) installations.
We will actively secure long-lead materials and have established long-term agreements with critical supply chain partners to ensure operational
continuity.

Human Capital

As of December 31, 2025, we had 5 employees, four executive directors
providing services to us (of whom three entered into a written directorship agreement), as well as contractors engaged on a full time
basis depending on the needs.

Available Information

Our main corporate website address is https://terrainnovatum.com/.
Copies of our filings with the SEC, including our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form
8-K, and amendments to reports filed pursuant to Sections 13(a) and 15(d) of the Securities Act, are available free of charge on our
website within the “Investors” section as soon as reasonably practicable after having been electronically filed or furnished
to the SEC. All SEC filings are also available on the SEC’s website at www.sec.gov. The information contained on these websites
as referenced is not incorporated by reference into this filing. Further, the Company’s references to website URLs are intended
to be inactive textual references only.

Investors and others should note that we announce
material financial information to our investors using our investor relations website, SEC filings, press releases, public conference
calls, and webcasts. We use these channels, including our website, to communicate with our investors and the public about our company,
our products and solutions and other issues. It is possible that the information we post on our website could be deemed to be material
information. Therefore, we encourage investors, the media and others interested in our company to review the information we make available
on our website.

11