Together with net proceeds from the trust account after redemptions, the $42.5 million financing will further accelerate the deployment of first-of-a-kind (“FOAK”) reactor and strengthen Terra Innovatum’s position ahead of its public market debut NEW YORK and AUSTIN, Texas, Oct. 02, 2025 (GLOBE NEWSWIRE) -- 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 compa ...

NEW YORK and AUSTIN, Texas, Oct. 02, 2025 (GLOBE NEWSWIRE) -- 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. Terra Innovatum is developing collaborative business models and frameworks to engage with leading i ...

Core Insights - The agreement between Terra Innovatum and RAIT 88 aims to enhance business development opportunities across defense, civil energy, and government sectors while advancing the deployment and training of Micro-Modular Reactor (MMR) systems [1][6] - The partnership focuses on the commercialization of the SOLO™ reactor as a non-proliferative energy solution for both defense and civilian applications, leveraging RAIT 88's NATO network [3][8] Company Overview - Terra Innovatum is a developer of micro-modular nuclear reactors, with a mission to make nuclear power accessible and deliver scalable, affordable energy solutions [9][10] - RAIT 88 is a defense engineering center recognized for its expertise in engineering, R&D, and systems integration, serving as a strategic hub for NATO-aligned initiatives [14] Strategic Collaboration - The MOU establishes a broad collaboration to drive the global commercialization of the SOLO™ reactor, targeting mission-critical environments and humanitarian missions [3][6] - The partnership will explore the creation of interactive training programs for operators and maintenance teams, aligning with international nuclear regulatory standards [7] Market Potential - The strategic channel is expected to facilitate commercial negotiations for projects across Europe and Asia, potentially totaling over 1 GWe of capacity [3] - SOLO™ is anticipated to be available globally within the next three years, addressing pressing global energy demands with a market-ready solution [11] Technological Advancements - The SOLO™ reactor is designed to provide CO2-free power solutions for various applications, including data centers, remote towns, and industrial operations in hard-to-abate sectors [12] - The reactor's modular design allows for scalability, with the capability to deliver up to 1 GW or more of power while minimizing supply chain risks [11][12]

Core Insights - Terra Innovatum has signed a memorandum of understanding with RAIT 88 to collaborate on the commercialization of its SOLO™ micro-modular nuclear reactor for defense and civilian applications [1][3][8] Company Overview - Terra Innovatum specializes in developing micro-modular nuclear reactors, aiming to provide scalable and safe energy solutions [9][10] - The SOLO™ reactor is designed to address global energy shortages and is expected to be available globally within the next three years [11] Strategic Partnership - The partnership with RAIT 88 aims to leverage its extensive NATO network to position SOLO™ as a reliable energy solution for mission-critical environments [3][6] - The agreement includes business development opportunities across defense, civil energy, and governmental sectors, enhancing the deployment and operation of the SOLO™ reactor [6][8] Technological Integration - RAIT 88 will integrate advanced simulation and cutting-edge technologies to improve the operational readiness and deployment of the SOLO™ reactor [6][8] - Both companies are exploring the creation of interactive training programs for operators and safety personnel, aligning with international nuclear regulatory standards [7][8] Market Potential - The partnership is expected to facilitate commercial negotiations for projects across Europe and Asia, potentially totaling over 1 GWe of capacity [3][8] - SOLO™ is designed for versatile applications, including CO2-free power solutions for data centers, remote towns, and industrial operations in hard-to-abate sectors [12]

Core Viewpoint - Terra Innovatum Srl is advancing its micro-modular nuclear reactor technology and is in the process of merging with GSR III Acquisition Corp, with a shareholder vote scheduled for October 7, 2025, to approve the business combination [1][4]. Company Overview - Terra Innovatum is focused on developing the SOLO™ micro-modular nuclear reactor, targeting commercialization by 2028, and has made significant progress by securing a deployment site and partnerships for component and fuel manufacturing [5][10]. - The company aims to provide scalable, safe, and environmentally friendly nuclear power solutions, addressing global energy shortages with innovative technology [10][11]. Business Combination Details - GSR III Acquisition Corp will hold an extraordinary general meeting on October 7, 2025, to vote on the proposed business combination with Terra Innovatum [2][6]. - If approved, the combined entity will operate under the name Terra Innovatum and its shares are expected to trade on Nasdaq under the ticker symbol "NKLR" [4]. Technology and Product Features - The SOLO™ reactor utilizes proliferation-resistant low-enriched uranium (LEU) fuel, ensuring safety and global deployment without reliance on experimental fuels [7]. - The reactor is designed with inherent safety features to prevent meltdowns and hydrogen explosions, and it can be manufactured in a factory setting for efficient deployment [7][12]. - SOLO™ is compact, requiring minimal space, and can be deployed in various settings, including industrial hubs and remote areas, with flexible grid integration options [7][12]. Market Applications - SOLO™ is positioned to provide CO2-free power solutions for diverse applications, including data centers, remote towns, and large-scale industrial operations in sectors like cement, oil and gas, and steel manufacturing [12]. - The reactor also has the capability to produce medical radioisotopes, contributing to oncology research and cancer treatment [12].

Core Insights - Terra Innovatum and GSR III Acquisition Corp have signed a memorandum of understanding with Ameresco to establish a framework for the deployment of SOLO™ micro-modular reactors, aiming for 50 units across federal and commercial sites [1][3][5] Company Overview - Terra Innovatum is focused on making nuclear power accessible through scalable and safe micro-reactor solutions, specifically the SOLO™ Micro-Modular Reactor [4][5] - The SOLO™ reactor is designed to address global energy shortages and is built from readily available components, ensuring rapid deployment and cost predictability [6] Strategic Collaboration - The partnership with Ameresco is expected to leverage their extensive industry network and expertise to identify suitable sites for the SOLO™ reactors, facilitating a diversified path to market [3][5] - Ameresco's experience in delivering energy solutions will support the critical energy needs of federal and commercial customers, enhancing mission readiness and energy assurance [3][6] Market Potential - SOLO™ is anticipated to be available globally within the next three years, with applications in various sectors including data centers, remote towns, and hard-to-abate industries like cement and steel manufacturing [6][7] - The modular design of SOLO™ allows for scalable power delivery, with the potential to generate up to 1GW or more of CO2-free power, making it a viable alternative to fossil fuel-based thermal plants [7]

Core Viewpoint - Terra Innovatum Srl has secured $37.5 million in financing for its business combination with GSR III Acquisition Corp, which is expected to facilitate its entry into public markets and support the commercialization of its SOLO™ micro-modular reactor technology [1][2]. Financing Details - The financing includes approximately $32 million from a private investment in public equity (PIPE) led by Segra Capital Management and $5.5 million from a funded bridge facility that will convert to common equity upon closing [1][5]. - The PIPE investment is viewed as a strong endorsement of Terra Innovatum's technology and commercialization strategy [2]. Business Combination - An extraordinary general meeting of GSR III Acquisition Corp shareholders is scheduled for October 7, 2025, to approve the business combination with Terra Innovatum [2][3]. - If approved, the combined company will operate under the name Terra Innovatum and its shares are expected to trade on Nasdaq under the ticker symbol "NKLR" [5]. SOLO™ Micro-Modular Reactor - Terra Innovatum aims to make nuclear power accessible through its SOLO™ micro-modular reactor, which is designed to provide scalable, affordable, and deployable energy solutions [6][7]. - The SOLO™ reactor is engineered to address global energy shortages and is expected to be available globally within the next three years [8][9]. - It offers versatile applications, including CO2-free power solutions for various sectors such as data centers, remote towns, and industrial operations [10]. Strategic Goals - The proceeds from the financing will be utilized to support the licensing and construction of the SOLO™ reactor, furthering the company's mission to create lasting value for shareholders and communities [2][8]. - The reactor is designed to adapt to evolving fuel options and aims to replace fossil fuel-based thermal plants with a minimal footprint [9][10].

Terra Innovatum progresses engagement with U.S. NRC to expedite licensing approval and commercialize its reactors by 2028NEW YORK and AUSTIN, Texas, Sept. 22, 2025 (GLOBE NEWSWIRE) -- 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™ m ...

Core Viewpoint - Terra Innovatum has signed a memorandum of understanding with Conuar for the supply of critical components for its SOLO micro-modular nuclear reactor, marking a strategic partnership aimed at enhancing the global supply chain and entering the Latin American market [1][3][4] Company Overview - Terra Innovatum is focused on developing micro-modular nuclear reactors, specifically the SOLO reactor, which aims to provide scalable, affordable, and deployable nuclear power solutions [6][7] - Conuar is a leading Argentinean supplier with over 40 years of experience in nuclear systems, components, and fuel, having produced all nuclear fuel used in Argentina [5][6] Partnership Details - The MOU includes collaboration on pilot programs to evaluate the supply of coolant tubs, control rod mechanisms, fuel rods, and other critical components [5][4] - The partnership aims to develop a supply chain hub and assembly lines in South America to enhance production capabilities and serve local markets [4][5] Market Potential - The SOLO reactor is designed to address global energy shortages and is expected to be available globally within the next three years, leveraging readily available commercial components [8][9] - SOLO will provide CO2-free, off-grid power solutions for various applications, including data centers, remote towns, and industrial operations in sectors like cement production and mining [9][8] Strategic Goals - The collaboration aims to deliver clean, reliable energy to emerging markets, particularly in regions with limited infrastructure, by utilizing SOLO's off-grid capabilities [3][4] - The partnership is positioned to accelerate the deployment of advanced nuclear technologies and contribute to sustainable energy solutions for future generations [3][5]

Core Viewpoint - The announcement highlights the upcoming extraordinary general meeting of shareholders for GSR III Acquisition Corp. to approve the business combination with Terra Innovatum, a developer of micro-modular nuclear reactors, following the SEC's declaration of the effectiveness of the registration statement [1][2][3]. Company Overview - Terra Innovatum is focused on making nuclear power accessible through scalable and affordable micro-reactor solutions, aiming to deliver low-cost, zero-carbon, and reliable energy [2][9]. - The company has made significant progress in its commercialization efforts, including signing MOUs for major nuclear components, selecting a deployment site, and generating customer interest [2][11]. Business Combination Details - The extraordinary general meeting is scheduled for October 7, 2025, where GSRT shareholders will vote on the proposed business combination with Terra Innovatum [3][5]. - The GSRT Board of Directors recommends shareholders vote "FOR" the transaction proposal and other related proposals [4][7]. Product and Technology - Terra Innovatum's SOLO™ micro-modular reactor is designed to provide efficient, safe, and environmentally conscious energy solutions, addressing global energy shortages [10][12]. - The SOLO™ reactor is engineered to be market-ready, utilizing readily available components and a proven licensing path to ensure rapid deployment and cost predictability [11][12]. Market Applications - The SOLO™ reactor can serve various applications, including CO2-free power solutions for data centers, remote towns, and large-scale industrial operations, as well as producing radioisotopes for medical applications [12][10].