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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
Globenewswire· 2025-09-15 12:00
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].