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COMMUNICATIONS
Company Press Announcements
Terra Innovatum Announces Closing of Business Combination with GSR III Acquisition Corp. and Commencement of Trading on Nasdaq
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Terra Innovatum begins trading on Nasdaq under the symbol “NKLR” tomorrow, October 10, 2025
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First publicly traded nuclear developer that uses LEU and off-the-shelf components to deliver a low-cost, zero-carbon, and reliable micro-modular reactor solution
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Transaction proceeds of $130 million expected to fully fund first-of-a-kind SOLO™ micro-modular reactor deployment and accelerate scale-up
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Terra Innovatum set to ring Opening Bell on October 17, 2025
Terra Innovatum Global N.V. ("Terra Innovatum" or the “Company”), a developer of micro-modular nuclear reactors, today announced the successful closing of its business combination (the "Business Combination") with GSR III Acquisition Corp. ("GSRT") (Nasdaq: GSRT), a publicly traded special purpose acquisition company, following shareholder approval at GSRT’s Extraordinary General Meeting of Shareholders on October 7, 2025.
The combined company will operate under the name Terra Innovatum Global N.V. and its ordinary shares will begin trading on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "NKLR" as of tomorrow, October 10, 2025. The Company will be led by its existing management team.
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Terra Innovatum and GSR III Acquisition Corp. Announce Shareholder Approval of Business Combination with $130 Million of Total Proceeds Expected at Close
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$130 million in trust and equity financing proceeds to provide significant financial runway to complete first-of-a-kind SOLO™ micro-modular reactor licensing, production, and deployment
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Combination of capital-light business model and strong cash position at close expected to accelerate growth, commercial scale-up, and supply chain enhancements
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Ordinary shares expected to trade on Nasdaq under the symbol “NKLR”
Terra Innovatum Srl ("Terra Innovatum" or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. ("GSRT") (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced that GSRT shareholders have voted to approve the previously announced business combination (“Business Combination”) with Terra Innovatum and all of the other proposals presented at GSRT’s Extraordinary General Meeting of Shareholders held on October 7, 2025. GSRT is no longer accepting redemption reversal requests.
Alessandro Petruzzi, CEO of Terra Innovatum, said, “We are excited that shareholders voted to approve our transaction and support our mission to deliver low-cost, zero-carbon, and reliable energy to the world. We are one step closer to becoming the first publicly traded nuclear reactor developer that has designed a scalable microreactor that can run on widely available LEU fuel and off-the-shelf components and is on track for commercialization in the U.S. by 2028. The proceeds from this transaction are expected to provide us with more than sufficient capital to complete the NRC licensing process and build and operate our FOAK reactor, positioning us for accelerated growth. Thank you to all the shareholders that have invested in our vision – we are confident that we have the right technology, team, and strategy in place to deliver long-term value for investors, customers, and the communities we serve.”
Giordano Morichi, Partner, Chief Business Development Officer & Investor Relations at Terra Innovatum, added, “The strength of our balance sheet at close will enable us to not only bring SOLO™ to market, but also to support scaling our commercial operations and strengthening our supply chain, which has already been established. We are particularly proud to have the backing of thousands of investors worldwide who believe in our mission, our technology, and our ability to deliver clean, reliable nuclear energy.”
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Terra Innovatum and GSR III Acquisition Corp. Secure Additional $5 million PIPE Commitment, Totaling $42.5 Million in Equity Financing for Business Combination
Together with net proceeds from the trust account after redemptions, the $42.5 millionfinancing will further accelerate the deployment of first-of-a-kind (“FOAK”) reactor and strengthen Terra Innovatum’s position ahead of its public market debut
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced additional private investment in public equity (“PIPE”) capital in connection with their previously announced business combination. The total equity financing committed prior to contribution from the GSRT trust account is $42.5 million, including approximately $37 million of PIPE capital and approximately $5.5 million from a funded bridge facility.
Giordano Morichi, Partner, Chief Business Development Officer & Investor Relations at Terra Innovatum, added, “The $42.5 million in equity financing, along with net proceeds from the trust account after redemptions, will accelerate the deployment of our FOAK reactor and strengthen our position ahead of full-scale production. Backed by a diverse group of investors who share our vision, we are fast-tracking the commercialization of the SOLO™ micro-modular reactor and remain firmly on track for market deployment by 2028.”
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Terra Innovatum is Accelerating Plans to Advance its Strategic Position in the Rapidly Growing Radioisotope Market by Producing Life-Saving Cancer Isotopes
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced that it has accelerated its go-to-market plans for life-saving cancer isotope production with the SOLO™ micro-modular reactor.
According to the World Nuclear Association, over 10,000 hospitals worldwide use radioisotopes in medicine1 with reports estimating that the nuclear radioisotope market will grow annually from $7 billion in 2025 to $11.68 billion by 20302.
Terra Innovatum is developing collaborative business models and frameworks to engage with leading isotope producers and distributors such as NorthStar, ANSTO, BWXT Medical, IRE, NRG, NTP Radioisotopes, and Nordion to broaden access, strengthen partnerships, and expand global market reach.
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Terra Innovatum Announces Strategic Alliance with Defense Engineering Center, RAIT 88, to Accelerate Global Commercialization of SOLO™ Micro-Modular Nuclear Reactors
Agreement creates business development opportunities across defense, civil energy, and government sectors, while advancing deployment, operations, and training of MMR systems
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced it has signed a memorandum of understanding (“MOU”) with RAIT 88 Srl (“RAIT 88”), a strategic hub for defense and NATO-aligned initiatives located in Italy. RAIT 88 is a defense engineering center internationally recognized for its expertise in engineering, R&D, systems integration, and obsolescence solutions, and is a leader in robotics, artificial intelligence, virtual reality, and the advancement of quantum lidar/radar and next-generation sensors.
Giordano Morichi – Partner, Chief Business Development Officer & Investor Relations commented: “The agreement establishes a broad collaboration designed to drive the global commercialization of SOLO™ as a non-proliferate energy and heat baseload solution for both defense and civilian applications. Leveraging RAIT 88’s extensive network within NATO and allied nations, the partnership aims to position SOLO™ as a scalable, and reliable energy solution for mission-critical environments, humanitarian missions, disaster recovery and civilian use. Thanks to our embedded safeguards by design and a licensed fuel (LEU, with only 4.95% enrichment), this strategic channel is already enabling Terra Innovatum to advance commercial negotiations for projects across Europe and Asia, potentially totaling more than 1 GWe of capacity, with additional discussions underway in other international markets.”
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Terra Innovatum Partners with Ameresco to Jointly Pursue Public-Private Commercial Opportunities in the U.S. and Global Markets to Deploy SOLO Micro-Modular Reactors
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Comprehensive framework to evaluate siting, development, construction, integration, operation, and decommissioning planning for SOLO™ reactors
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Harnessing Ameresco’s U.S. network and expertise for siting opportunities, agreement targets deployment of 50 SOLO™ reactors across federal and commercial sites
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced it has signed a memorandum of understanding (“MOU”) with Ameresco (NYSE: AMRC), a leading energy solutions provider, to establish a comprehensive framework for siting, development, construction, integration, operation, and decommissioning planning of the SOLO™ micro-modular reactor. The collaboration will leverage Ameresco’s national network and expertise to identify siting opportunities on public and private land, with a goal to secure the deployment of 50 reactor units across federal and commercial sites, marking a major step toward near-term commercial rollout of the SOLO™ reactor.
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Terra Innovatum and GSR III Acquisition Corp. Announce $37.5 Million Equity Financing in Connection with Business Combination
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PIPE led by Segra Capital Management
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Proceeds from the financing and SPAC trust, net of redemptions and expenses, will be used to support licensing and construction of Terra Innovatum’s first-of-a-kind SOLO™ micro-modular reactor
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Extraordinary general meeting of shareholders to approve proposed business combination is scheduled for October 7, 2025, at 11:00 a.m. ET
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Post-combination company expected to trade on Nasdaq under the ticker symbol NKLR shortly after the closing
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), today announced that they have secured $37.5 million in committed financing in connection with their previously announced business combination. The financing includes approximately $32 million of private investment in public equity (“PIPE”) capital, led by Segra Capital Management and supported by strategic and accredited investors, and approximately $5.5 million from a funded bridge facility that will convert to common equity at the closing of the business combination.
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Terra Innovatum Advances U.S. NRC Licensing Process with Accelerated Regulatory Submissions for SOLO™ Reactor
Terra Innovatum progresses engagement with U.S. NRC to expedite licensing approval and commercialize its reactors by 2028
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, announced that the Company has accelerated several significant milestones in the ongoing licensing process of its SOLO™ micro-modular reactor with the U.S. Nuclear Regulatory Commission (“NRC”).
ince the beginning of 2025, Terra Innovatum has submitted key regulatory documents and met with NRC staff to rapidly advance the approval process for the SOLO micro-modular reactor. The new submitted documents are currently under legal review by the NRC for withholding proprietary information and include: Commercial Fuel Use, Environmental Report, Principle Design Criteria, Manufacturing and Transportation, Core Design, Emergency Planning Zone, Preliminary Safety Analysis Report, Safeguards.
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Terra Innovatum Signs Supplier MOU with Conuar for Key SOLO Micro-Modular Reactor Components
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Leading Argentinean nuclear systems, components and fuel supplier Conuar to develop and supply critical cooling and fuel components for the industrial production of the SOLOTM micro-modular reactor
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Terra Innovatum and Conuar will also collaborate to develop a supply chain hub and SOLO assembly lines to serve the South American market
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced that Terra Innovatum has signed a memorandum of understanding (“MOU”) with Conuar, a globally recognized international component manufacturer and fuel supplier, for the supply of critical components to be used in the production of Terra Innovatum’s SOLOTM micro-modular nuclear reactor.
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Terra Innovatum and GSR III Acquisition Corp. Announce Effectiveness of S-4 and Set Extraordinary General Meeting Date to Approve Business Combination
Extraordinary General Meeting of Shareholders to be Held on October 7, 2025
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. ("GSRT") (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced that on September 12, 2025, the U.S. Securities and Exchange Commission (“SEC”) declared effective the registration statement on Form S-4, as amended (the “Registration Statement”), in connection with the previously announced proposed business combination between Terra Innovatum and GSRT.
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TerraInnovatum Partners with ATB Riva Calzoni for Manufacturing of SOLO Micro-Modular Nuclear Reactor
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Partnership establishes a comprehensive multi-phase collaboration for manufacturing of first-of-a-kind SOLO™ micro-modular nuclear reactor and preparation for serialization and industrialization by 2028
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Major milestone in Terra Innovatum’s path to commercializing and deploying its SOLO™ micro-modular reactors at scale, marking a transformative step in the company’s clean energy mission
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ATB Riva Calzoni brings leading heavy equipment engineering and manufacturing expertise, a deep global presence, and a proven history of servicing major U.S. and European nuclear companies
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced Terra Innovatum has signed a memorandum of understanding (“MOU”) with ATB Riva Calzoni, a global supplier and manufacturer of nuclear components, for the preparation, development, and production of Terra Innovatum’s SOLOTM micro-modular nuclear reactor.
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Terra Innovatum Announces Post-Closing Board of Directors and Nominates Former Framatome CEO Katherine Williams as Chair
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Led by former Framatome CEO Katherine Williams as Chair, diversified Board to be comprised of seasoned technology and nuclear industry leaders with public company experience and expertise across the nuclear value chain—from fuel cycle and regulatory licensing to large-scale project execution and commercialization
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Directors bring a mix of relevant global leadership experience, investment expertise, and commercial networks as current and former C-Suite executives, Board directors, academics and advisors
Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced the nominees for Terra Innovatum’s Board of Directors to be appointed upon closing of the proposed business combination with GSRT. The new Board of Directors will be comprised of five independent directors:
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Ms. Katherine Williams, former CEO at Framatome, Independent Chair Nominee,
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Mr. Rex Jackson, former CFO at ChargePoint Inc. (NYSE: CHPT), Independent Director Nominee,
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Dr. Martha Crawford, Operating Partner at Macquarie Group, former Executive Vice President of Innovation at Areva (now Orano), Independent Director Nominee,
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Dr. Michael Howard, Chair of the World Energy Council and former President and CEO at Electric Power Research Institute, Independent Director Nominee,
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Mr. Peter Hastings, former Vice President of Regulatory, Quality and Public Affairs at Kairos Power, Independent Director Nominee,
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Terra Innovatum Advances USNRC Licensing Process for SOLO Micro-Modular Nuclear Reactor, Moving One Step Closer to Commercialization
Terra Innovatum Announces Progress with the U.S. Nuclear Regulatory Commission (USNRC); Comprehensive Design and Safety Submissions Now Under Regulatory Review
Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq:GSRT), a publicly traded special purpose acquisition company, today announced significant progress in the licensing process for the Company's SOLO Micro-Modular Reactor (SOLO MMR), which is currently under review by the U.S. Nuclear Regulatory Commission (NRC).
A key document filed, was the submission of the Principal Design Criteria (PDC) topical report for the SOLO MMR. The PDC defines the fundamental safety and design requirements that form the basis for the reactor's licensing review. Following its readiness review, the NRC accepted the report for full technical evaluation. In a formal letter dated July 30, 2025, the NRC indicated its intent to complete the review process by the end of 2025 and to issue a Safety Evaluation (SE) of the PDC report by April 2026.
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SOLO™'s Non-Proliferation Approach Aligns with U.S. NRC's Proposed Licensing Framework Criteria for Low Risk, Proliferation-Resistant Micro Modular Reactors
Terra Innovatum SOLO(TM) Design Aligns with U.S. NRC's Recent Considerations of Streamlined Licensing Path for Proliferation-Resistant Micro-Modular Reactors
Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (NASDAQ:GSRT), a publicly traded special purpose acquisition company, today issued the following statement in support of the U.S. Nuclear Regulatory Commission's ("NRC") long-term vision for micro-modular reactor licensing, following the NRC's public meetings on July 17-18, 2025:
"We are encouraged by the NRC's recent public dialogue and their proposed rulemaking regarding future streamlined licensing for micro-modular and other low risk reactors. In particular, we support the NRC's introduction of limits on the type and quantity of proliferation materials - or ‘Special Nuclear Materials' (SNM) such as uranium or plutonium - in its proposed fundamental entry criteria, which further validates and aligns with SOLOTM's Safeguards by Design approach.
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GSR III Acquisition Corp. and Terra Innovatum Announce MOU for First-of-a-Kind SOLO Deployment Site at Rock City Development’s Industrial Park, with Future Option to Deploy 50 SOLO Reactors On-Site for Commercial Expansion
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Partnership Agreement Provides Site for First-Of-A-Kind (FOAK) SOLO™ Nuclear Micro Modular Reactor (1 MWe)
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Agreement Includes Option to Purchase 50 SOLO™ Reactors to Meet Demand for Reliable Behind-the-Meter Energy Supplies (50 MWe)
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SOLO™ to Deliver Clean, Stable Energy Across Rock City’s Private and Public Sector Clients
GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, and Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, announced today that Terra Innovatum signed a Memorandum of Understanding (“MOU”) with Rock City Admiral Parkway Development (“Rock City”), a six-million square-foot industrial park in Illinois, to host the first deployment site for the SOLO™ micro-modular reactor. This strategic agreement grants Terra Innovatum dedicated use of Rock City’s land for the licensing, testing, and construction of the Company’s first-of-a-kind (“FOAK”) SOLO™ reactor. Subject to customary approvals, Terra Innovatum will supply Rock City’s industrial, logistics, food distribution and government clients with clean and reliable power from the FOAK SOLO™ with an option to subsequently deploy 50 reactors on site, delivering up to 50 MWe for commercial use.
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Terra Innovatum and TechSource Form Strategic Alliance to Accelerate U.S. Commercialization of SOLO(TM) Micro-Modular Reactors, Identify Strategic Funding Opportunities and Expand Access to Federal DOE and DOD Programs
Signed Partnership Agreement with Long-Term Framework to Support Go-to-Market Plan, Regulatory Progress, and Customer Acquisition Strategy
Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced that Terra Innovatum has signed a Memorandum of Understanding ("MOU") with TechSource Inc., an employee-owned science and engineering firm specializing in end-to-end nuclear energy and weapons lifecycle management, advanced scientific R&D, and leadership in the delivery of cutting edge solutions across the federal and commercial sectors. In this partnership TechSource will accelerate the introduction of Terra Innovatum's SOLO™ micro-modular reactor through supply chain and regulatory advisory support, while expanding access to potential strategic investors, customers and U.S. agency funding programs, including deployment pathways at the U.S. Department of Energy ("DOE") and Department of Defense ("DOD").
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Terra Innovatum Announces Virtual Investor Day on June 25, 2025, and Participation at Upcoming 15th Annual ROTH London Conference
Investor Day
Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq:GSRT), a publicly traded special purpose acquisition company, today announced that Terra Innovatum will host a Virtual Investor Day on Wednesday, June 25, 2025, from 9:00 a.m. to 11:00 a.m. Eastern Time. The leadership teams from Terra Innovatum and GSR III Acquisition Corp. will present an in-depth overview of their proposed business combination, aimed at bringing Terra Innovatum public on Nasdaq, and the Company's unique technology, its market opportunity, regulatory plan, and go-to-market strategy. The presentation will be followed by a moderated question and answer session.
ROTH Annual Conference
Members of the management teams of Terra Innovatum and GSR III Acquisition Corp. will host one-on-one investor meetings at the 15th Annual ROTH London Conference, located at the Four Seasons Hotel London at Park Lane, on Thursday, June 26, 2025.
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Terra Innovatum Signs Strategic Partnership with Paragon Energy Solutions to Support Commercialization and Global Deployment of SOLO(TM) Micro-Modular Nuclear Reactor
Collaboration to Integrate NRC-Approved Instrumentation and Control (I&C), Safety Systems, and Manufacturing Support as Reactor Development Advances Toward 2028 Deployment
Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), a publicly traded special purpose acquisition company, today announced that Terra Innovatum has signed a Memorandum of Understanding ("MOU") with U.S.-based Paragon Energy Solutions, LLC ("Paragon"), a recognized leader in safety-related Instrumentation and Control (I&C) systems for the nuclear energy sector, to support the design and integration of I&C systems into Terra Innovatum's micro-modular reactor, SOLO™, as well as manufacturing support for its global deployment.
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Terra Innovatum Submits Advanced Nuclear Proposal to NYSERDA to Help the State of New York Meet 2040 Zero-Carbon Goal
Terra Innovatum's SOLO™ Micro-Modular Reactor Offers Safe, Affordable, and Reliable 24/7 Power Without Refueling for 15 Years Using Off-the-Shelf Readily Available Commercial Components and Licensed LEU Fuel
Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. ("GSRT") (Nasdaq:GSRT), a publicly traded special purpose acquisition company ("SPAC"), today announced the submission of its response to the New York State Energy Research and Development Authority's ("NYSERDA") Advanced Nuclear Request for Information ("RFI"). The submission outlines plans for selecting a potential test reactor site for the Company's first-of-a-kind micro-modular reactor, SOLO™, intent to establish a designated production unit, and further commercial deployment opportunities to support the state's zero-emissions electricity target by 2040. Unlike conventional reactors, the compact footprint, modular design, and ability to operate for 15 years without refueling make SOLO™ well-suited for integration into local energy systems.
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Terra Innovatum and GSR III Acquisition Corp. File Form S-4 After Business Combination Announcement Advancing Public Listing
Transaction To Accelerate Terra Innovatum's Pathway to Commercialization of Groundbreaking Micro-Modular Nuclear Technology by 2028
Terra Innovatum Srl ("Terra Innovatum," or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. ("GSRT") (Nasdaq:GSRT), a publicly traded special purpose acquisition company, today announced that Terra Innovatum and GSRT have filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission. This filing marks a key milestone toward the proposed business combination and public listing, intended to accelerate the deployment of Terra Innovatum's breakthrough micro-modular reactor technology, SOLO™, and expand access to clean, scalable and reliable energy.
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Terra Innovatum To Go Public Through Business Combination with GSR III Acquisition Corp
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Transforming Energy Access with Micro-Modular Nuclear Innovation: Terra’s SOLO™ reactor is designed to bring scalable, off-grid, zero-carbon power to industrial, remote, and high-demand sectors—1 MWe at a time.
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Designed for Safety, Built for Scale: SOLO™ will be factory-assembled using licensed components and standard Low-Enriched Uranium (“LEU”) fuel; SOLO™ is engineered for rapid deployment, long-life performance, and ultra-low radiation.
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Global Readiness Meets Regulatory Momentum: Following design completion in 2024, Terra engaged the U.S. Nuclear Regulatory Commission (“NRC”) in 2025 and targets commercial deployment by 2028.
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Backed by Nuclear Industry Veterans: Terra’s leadership is built to deliver—with deep expertise in engineering, regulation, and reactor operations.
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Shareholder Alignment: The transaction values Terra at a pre-money equity valuation of $475M with up to $230M in gross proceeds to accelerate commercialization—with an earnout aligned to performance and investor value creation.
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Terra Innovatum Submits Engagement Plan to the United States Nuclear Regulatory Commission (USNRC) for SOLO Micro Modular Reactor Marking a Fundamental Milestone in 2025
Propelling Nuclear Innovation: Terra Innovatum, a Leader in the Clean Energy Revolution, Setting New Industry Benchmarks with SOLO Micro-Modular Reactor (SMR)
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SOLO™ Micro Modular Reactor Takes Over Wall Street: At NYSE, SOLO Redefines the Future of Clean Energy with Existing, Validated, and Qualified 1MWe Nuclear Technology
Terra Innovatum Makes Global Debut Interviewing at NYSE to Introduce SOLO™: The World's First Micro Modular Nuclear Reactor Set for Commercial Launch in 2028
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MEDIA
Editorials & Articles
Terra Innovatum Sets Its Sights on $230M SPAC
Terra Innovatum, a developer of a 1 MW thermal-moderated, gas-cooled micro modular (MMR) nuclear reactor that uses LEU fuel is expecting to close on a business combination with GSR III Acquisition Corp (NASDAQ:GSRT) later this month.
The deal is expected to generate $230M in Series A gross proceeds. The firm has recently filed their S-4 with the SEC and filed a regulatory engagement plan with the NRC in January 2025. Once the deal closes, Terra Innovatum will be listed on NASDAQ with the symbol NKLR. The firm, which began its life in Italy six years ago, will open an office in New York, NY, and will do business in the US as a subsidiary of the parent company.
In an video interview with two of the principals of the firm – Massimo Morichi, Partner, Chief Strategy Officer & Safeguards and Giordano Morichi – Partner, Chief Business Development Officer & Investor Relations – they explained that the firm expects to complete the process with the NRC for receiving a construction license for the first of a kind (FOAK) unit in 2027 and have it in revenue service for its customer Rock City Industrial Park in Valmeyer, IL in 2028. Power will be provided behind the meter and supplied directly to customers.The town is located just east of St. Louis, MO, on the Illinois side of the Mississippi river.
The two executives told Neutron Bytes the firm has bypassed the U.S. Department of Energy’s micro reactor program. They said all the R&D for the reactor, which took six years, is complete, and supply chain vendors for major reactor components and fuel is in place.
They’ve done more than just bypass the DC bureaucracy. The firm has also bypassed the delays many micro reactor firms are facing in obtaining HALEU fuel.
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Inside nuclear startup Terra Innovatum's plan to cash in on the SPAC comeback
Terra Innovatum, the developer of micro-modular nuclear reactors preparing to go public through a merger with GSR III Acquisition Corp., told Investing.com that it has signed a memorandum of understanding with Conuar, an Argentinean leading nuclear systems and fuel supplier, to secure critical components for its SOLO reactor.
The agreement is said to cover cooling and fuel components required for the industrial production of SOLO, Terra Innovatum’s flagship micro-modular reactor.
“We are excited to partner with Conuar as a key supplier for our first-of-a-kind SOLO and beyond,” Alessandro Petruzzi, CEO of Terra Innovatum, stated.
Giordano Morichi, Partner and Chief Business Development Officer at Terra Innovatum, said the company is building “a truly global supply chain and deployment strategy for SOLO, ensuring resilience and reach across multiple continents.”
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Inside nuclear startup Terra Innovatum's plan to cash in on the SPAC comeback
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Nuclear startups Terra Innovatum, Terrestrial Energy, and Eagle Energy Metals are planning SPAC listings.
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SPACs, once popular in 2020, are resurging, raising $11 billion in the US in early 2025.
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Terra Innovatum executives told BI why they plan to raise $230 million and their aims post-SPAC.
Blank-check mergers are back on the cards — at least for nuclear startups.
Terra Innovatum, a company developing micro-modular nuclear reactors, is one of the contenders. It's pursuing a SPAC by merging with GSR III Acquisition Corp, with the aim of raising around $230 million at a $475 million pre-money valuation.
Its chief business development officer, Giordano Morichi, told Business Insider that the company is opting for a SPAC because the startup sees it as a smoother alternative to an IPO.
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Nuclear Stocks Are Soaring. We Size Up the Prospects for 3 New Ones.
More than 80 companies around the world are developing new kinds of nuclear reactors, hoping to get their hands on the tens of billions of dollars that utilities are expected to spend on reactors in the coming decade. But there are only three pure-play stocks in the U.S., making it difficult for investors to buy into the trend.
That could change soon. Three more companies working on building new kinds of small reactors—Terra Innovatum, Terrestrial Energy, and Eagle Energy Metals—have filed to go public via SPACs, or special purpose acquisition companies, and they intend to start trading by the end of the year.
Terra Innovatum aims to sell very small reactors, with just 1 megawatt of electric capacity, or enough to power a few hundred homes. Existing U.S. reactors tend to provide at least 800 megawatts of power. Terra Innovatum’s reactors are built in cubes that measure 10 meters, or about 33 feet, on each side, allowing them to be transported and placed almost anywhere, the company says. They could be deployed alone or in bunches, allowing them to power everything from a hotel to an industrial facility or a mine in a remote location.
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SPACs, SMRs and How to Invest in the Nuclear Insurgency
Big nuclear deployments are in process, but small modular reactors could be a better way to meet rapidly rising electric power demand
Terra Innovatum is developing SOLO, what it calls "the world’s first micro modular nuclear reactor," to provide "scalable, off-grid, zero-carbon power to industrial, remote, and high-demand sectors."
In April, Terra agreed to merge with GSR III Acquisition with the intention of listing on the Nasdaq under the ticker symbol NKLR sometime before the end of the year.
The agreement provides Terra up to $230 million in gross proceeds and values the company at $475 million.
SOLO has a generation capacity of one megawatt. It requires no emergency zone area, operates off the existing electrical grid, and, according to Terra, is designed for use by data centers and hospitals as well as for mining and other industrial purposes.
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SOLO nuclear reactor promises fast, clean energy for Middle East
The MMR offers a scalable solution designed for rapid deployment, passive safety, and autonomous operation, unlocking new markets for carbon-free power worldwide
A groundbreaking micro-modular reactor (MMR) design by US-based Terra Innovatum is poised to redefine the nuclear energy landscape across the Middle East and emerging markets.
Dubbed SOLO, the 1-MWe unit combines passive safety, autonomous operation, and factory-built scalability to deliver clean energy within six months of order, marking a radical departure from traditional nuclear timelines.
With pilot projects in the GCC region under active consideration, Terra Innovatum is aligning its deployment roadmap with regional economic goals.
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Nuclear Reactor Groups Tap Into Spac Revival to Fuel Atomic Energy Boom
AI power demand and support from Trump administration has boosted the industry
Three nuclear energy developers are seeking to raise more than $500mn through mergers with special purpose acquisition companies as investors rush to tap into an atomic energy boom.
Terra Innovatum, Terrestrial Energy and Eagle Energy Metals said the transactions, which they expected to be completed by the end of the year, would accelerate the development of small modular reactors.
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Terra Innovatum: Bringing Scalable Nuclear Power to Market with the SOLO™ Micro Reactor
At the New York Stock Exchange, Jane King interviews Giordano Morichi, Partner, Chief Business Development Officer & Investor Relations of Terra Innovatum, the company behind the SOLO™ Micro Modular Reactor—an innovative nuclear energy solution poised to deliver scalable, zero-carbon power by 2028.
Backed by a $475M SPAC valuation, Terra Innovatum is redefining energy access for industrial, off-grid, and high-demand sectors. Learn how they’re leveraging off-the-shelf components, licensed fuel, and embedded safety features to bring clean, efficient nuclear power to market—faster and more affordably than ever.
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SOLO Reactor: The Future of Safe, Modular Nuclear Power
Jane King speaks with Alessandro Petruzzi, Co-Founder and CEO of Terra Innovatum, at the New York Stock Exchange about their revolutionary SOLO™ Micro Modular Reactor. Designed to deliver zero-carbon, grid-independent power for up to 15 years without refueling, the SOLO reactor brings nuclear energy closer to real-world deployment. Learn how Terra Innovatum’s scalable, intrinsically safe, and low-cost solution is transforming energy delivery for remote locations, data centers, industrial facilities, and beyond.
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Nuclear Reactor Maker Terra Innovatum to Go Public Via SPAC
Terra Innovatum, one of several competitors seeking to develop small-scale nuclear power, is set to go public by merging with the blank-check firm GSR III Acquisition Corp.
The company has a pre-money equity valuation of $475 million in the transaction, according to a statement confirming an earlier report by Bloomberg News. The deal will provide Terra Innovatum with up to $230 million in gross proceeds as it seeks US Nuclear Regulatory Commission approval to deploy its reactor design commercially by 2028.
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