Terra Innovatum and GSR III Acquisition Corp. Secure Additional $5 million PIPE Commitment, Totaling $42.5 Million in Equity Financing for Business Combination
Terra Innovatum, a micro-modular nuclear reactor developer, and GSR III Acquisition Corp. (NASDAQ: GSRT) have secured an additional $5 million PIPE commitment, bringing total equity financing to $42.5 million for their business combination. This includes $37 million in PIPE capital and $5.5 million from a bridge facility.
The funding will accelerate the deployment of their first-of-a-kind (FOAK) SOLO™ micro-modular reactor, with market deployment targeted for 2028. The company's approach focuses on a small reactor design using widely available components and fuel, avoiding the need for government subsidies. Following shareholder approval at the October 7, 2025 meeting, the combined company will trade on Nasdaq under the symbol "NKLR".
Terra Innovatum, sviluppatore di un reattore nucleare micro-modulare, e GSR III Acquisition Corp. (NASDAQ: GSRT) hanno assicurato un ulteriore impegno PIPE di 5 milioni di dollari, portando il finanziamento azionario totale a 42,5 milioni di dollari per la loro fusione aziendale. Questo include 37 milioni di dollari in capitale PIPE e 5,5 milioni di dollari da una facility ponte. Il finanziamento accelererà la messa in servizio del loro reattore SOLO™ micro-modulare, unico nel suo genere (FOAK), con la commercializzazione prevista per il 2028. L'approccio dell'azienda si concentra su un design di piccolo reattore che utilizza componenti e carburante ampiamente disponibili, evitando la necessità di sussidi governativi. Dopo l'approvazione degli azionisti prevista per la riunione dell'7 ottobre 2025, la società combinata sarà negoziata su Nasdaq con il simbolo "NKLR".
Terra Innovatum, desarrolladora de un reactor nuclear micro-modular, y GSR III Acquisition Corp. (NASDAQ: GSRT) han asegurado un compromiso PIPE adicional de 5 millones de dólares, llevando la financiación de equity total a 42,5 millones de dólares para su fusión empresarial. Esto incluye 37 millones de dólares en capital PIPE y 5,5 millones de dólares de una facilidad puente. La financiación acelerará el despliegue de su reactor SOLO™ micro-modular de su tipo (FOAK), con la implantación en el mercado prevista para 2028. El enfoque de la empresa se centra en un diseño de reactor pequeño que utiliza componentes y combustible ampliamente disponibles, evitando la necesidad de subsidios gubernamentales. Tras la aprobación de los accionistas en la reunión del 7 de octubre de 2025, la empresa combinada cotizará en Nasdaq bajo el símbolo "NKLR".
Terra Innovatum, 소형 모듈형 원자로 개발사와 GSR III Acquisition Corp. (NASDAQ: GSRT)는 추가로 500만 달러의 PIPE 약정을 확보하여 합병을 위한 총 지분 자금 조달을 4250만 달러로 끌어올렸습니다. 이는 3700만 달러의 PIPE 자본과 550만 달러의 다리 시설을 포함합니다.
이 자금은 독창적인 SOLO™ 소형 모듈식 원자로의 배치를 가속화하며, 시장 배치는 2028년으로 목표합니다. 회사의 접근 방식은 광범위하게 이용 가능한 부품과 연료를 사용하는 소형 원자로 설계에 집중하고, 정부 보조금의 필요를 피합니다. 2025년 10월 7일 주주 승인 후 합병 법인은 나스닥에서 "NKLR" 기호로 거래될 예정입니다.
Terra Innovatum, développeur de réacteurs nucléaires micro-modulaires, et GSR III Acquisition Corp. (NASDAQ : GSRT) ont sécurisé un engagement PIPE supplémentaire de 5 millions de dollars, portant le financement par actions total à 42,5 millions de dollars pour leur fusion d’entreprise. Cela comprend 37 millions de dollars de capital PIPE et 5,5 millions de dollars d’une facilité pont. Le financement accélérera le déploiement de leur réacteur micro-modulaire SOLO™ de première génération (FOAK), avec une mise sur le marché prévue en 2028. L’approche de l’entreprise se concentre sur une conception de petit réacteur utilisant des composants et carburants largement disponibles, évitant le besoin de subventions gouvernementales. Après l’approbation des actionnaires lors de la réunion du 7 octobre 2025, l’entreprise combinée sera cotée sur le Nasdaq sous le symbole « NKLR ».
Terra Innovatum, Entwickler eines mikro-modularen Kernreaktors, und GSR III Acquisition Corp. (NASDAQ: GSRT) haben eine zusätzliche PIPE-Verpflichtung über 5 Mio. USD gesichert, wodurch die Gesamtkapitalisierung für die Unternehmenszusammenführung auf 42,5 Mio. USD ansteigt. Dies umfasst 37 Mio. USD PIPE-Kapital und 5,5 Mio. USD aus einer Brückenfazilität. Die Finanzierung beschleunigt den Einsatz ihres ersten SOLO™ micro-modularen Reaktors (FOAK), mit Markteinführung vorgesehen für 2028. Der Ansatz des Unternehmens konzentriert sich auf ein kleines Reaktordesign mit weithin verfügbaren Bauteilen und Brennstoffen und vermeidet die Notwendigkeit staatlicher Subventionen. Nach der Zustimmung der Aktionäre bei der Sitzung am 7. Oktober 2025 wird das kombinierte Unternehmen an der Nasdaq unter dem Symbol „NKLR“ gehandelt.
Terra Innovatum، مطوِّر مفاعل نووي مصغَّر modular، وGSR III Acquisition Corp. (NASDAQ: GSRT) قد ضمنا التزام PIPE إضافي بقيمة 5 ملايين دولار، ليصل إجمالي تمويل حقوق الملكية إلى 42.5 مليون دولار لشراكتهما في الدمج. وهذا يشمل 37 مليون دولار من رأس مال PIPE و5.5 مليون دولار من منشأة جسريّة.
سيعجّل التمويل نشر مفاعل SOLO™ المصغَّر الفريد من نوعه (FOAK)، مع نية دخول السوق في 2028. تركيز الشركة على تصميم مفاعل صغير يستخدم مكونات ووقود متاحين على نطاق واسع، مع تجنّب الاعتماد على دعم حكومي. بعد موافقة المساهمين في اجتماع 7 أكتوبر 2025، ستتداول الشركة المدمجة في ناسداك بالرمز “NKLR”.
Terra Innovatum，一家微型模块化核反应堆开发公司，与GSR III Acquisition Corp.（NASDAQ：GSRT）已获得额外的500万美元PIPE承诺，使并购的股权融资总额达到4250万美元。其中包括PIPE资本的3700万美元和来自过渡融资工具的550万美元。
这笔资金将加速部署他们的首创 SOLO™ micro-modular反应堆（FOAK）的落地，市场投放目标为2028年。公司的方法聚焦于使用广泛可得的组件和燃料的小型反应堆设计，避免对政府补贴的依赖。于2025年10月7日的股东大会获得批准后，合并后的公司将在纳斯达克以代码“NKLR”交易。
- Secured additional $42.5 million in equity financing pre-trust account contributions
- Clear path to market without need for government subsidies
- Planned market deployment by 2028 for SOLO™ micro-modular reactor
- Post-merger uplisting to Nasdaq under NKLR symbol
- Subject to shareholder approval and potential redemptions
- Actual deployment timeline extends to 2028
- Final funding amount depends on trust account redemptions
Insights
Terra Innovatum secured additional $5M PIPE funding, bringing total pre-merger financing to $42.5M to accelerate micro-modular nuclear reactor deployment.
Terra Innovatum, a micro-modular nuclear reactor developer, has strengthened its financial position ahead of its public market debut through SPAC merger with GSR III Acquisition Corp. The company has secured an additional
This capital injection is strategically important as it will accelerate the deployment of Terra Innovatum's first-of-a-kind (FOAK) reactor. The company's approach avoids traditional barriers to nuclear energy adoption by developing smaller reactors using widely available components and fuel, with a clear licensing pathway that doesn't require government subsidies or extensive research.
The timing aligns with growing market demand for zero-carbon, reliable energy solutions. Terra Innovatum's SOLO™ micro-modular reactor technology represents a potentially disruptive approach in the nuclear energy space, with management maintaining their target for market deployment by 2028. The SPAC transaction is scheduled for shareholder vote on October 7, 2025, with the merged entity expected to trade on Nasdaq under the ticker symbol "NKLR" shortly thereafter.
This additional funding demonstrates continued investor confidence in Terra Innovatum's business model and technology at a time when clean energy investments are gaining momentum. The completion of this PIPE round provides the company with a stronger financial foundation to execute its commercialization strategy in the highly regulated nuclear sector.
- 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 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
“Terra Innovatum is bringing a differentiated nuclear solution that can deliver low-cost, zero-carbon and reliable energy to the world; a much-needed innovation as the demand for clean energy continues to rapidly increase,” said Alessandro Petruzzi, CEO of Terra Innovatum. “We have developed a simple path to market, which circumvents the need for government subsidies or extensive research, by designing a reactor that is small, runs on widely available components and fuel, and has a clear licensing plan. We are encouraged by the recent investor support as the investment community continues to appreciate our value proposition.”
Giordano Morichi, Partner, Chief Business Development Officer & Investor Relations at Terra Innovatum, added, “The
GSRT Shareholders Are Encouraged to Vote FOR the Business Combination at the Upcoming Extraordinary General Meeting of Shareholders
GSRT shareholders of record as of September 15, 2025, are entitled to vote at the GSR III Acquisition Corp. extraordinary general meeting of shareholders (the “Extraordinary General Meeting”) on October 7, 2025, at 11:00 a.m., Eastern Time, and are encouraged to approve the business combination with Terra Innovatum and related matters. The Extraordinary General Meeting will be streamed live via webcast at https://www.cstproxy.com/gsriii/2025.
GSRT shareholders who need assistance voting, have questions regarding the Extraordinary General Meeting, or would like to request documents may contact GSRT’s proxy solicitor Sodali & Co. at (800) 662-5200 (banks and brokers can call (203) 658-9400) or by emailing GSRT.info@investor.sodali.com.
If the necessary proposals are approved, Terra Innovatum and GSRT anticipate that the business combination will close shortly after the Extraordinary General Meeting. The post-combination company will operate under the name Terra Innovatum and its common shares are expected to trade on Nasdaq under the ticker symbol “NKLR,” subject to the satisfaction of all other listing conditions.
ABOUT TERRA INNOVATUM & SOLO™
Terra Innovatum's mission is to make nuclear power accessible. We deliver simple and safe micro-reactor solutions that are scalable, affordable and deployable anywhere 1 MWe at a time.
Terra Innovatum is a pioneering force in the energy sector, dedicated to delivering innovative and sustainable power solutions. Terra Innovatum plans to leverage cutting-edge nuclear technology through the SOLO™ Micro-Modular Reactor (SMR™) to provide efficient, safe, and environmentally conscious energy. With a mission to address global energy shortages, Terra Innovatum combines extensive expertise in nuclear industry design, manufacturing, and installation licensing to offer disruptive energy solutions. Committed to propelling technological advancements, Terra Innovatum and SOLO™ are dedicated to fostering prosperity and sustainability for humankind.
It is anticipated that SOLO™ will be available globally within the next three years. Conceptualized in 2018 and engineered over six years by experts in nuclear safety, licensing, innovation, and R&D, SOLO™ addresses pressing global energy demands with a market-ready solution. Built from readily available commercial off-the-shelf components, the proven licensing path for SOLO™ enables rapid deployment and minimizes supply chain risks, ensuring final cost predictability. Designed to adapt with evolving fuel options, SOLO™ supports both LEU+ and HALEU, offering a platform ready to transition to future fuel supplies.
SOLO™ will offer a wide range of versatile applications, providing CO2-free, behind-the-meter, and off-grid power solutions for data centers, mini-grids serving remote towns and villages, and large-scale industrial operations in hard-to-abate sectors like cement production, oil and gas, steel manufacturing, and mining. It also has the ability to supply heat for industrial applications and other specialized processes, including water treatment, desalination and co-generation. Thanks to its modular design, SOLO™ can easily scale to deliver up to 1GW or more of CO2-free power with a minimal footprint, making it an ideal solution for rapidly replacing fossil fuel-based thermal plants. Beyond electricity and heat generation, SOLO™ can also contribute to critical applications in the medical sector by producing radioisotopes essential for oncology research and cancer treatment.
To learn more, visit: www.terrainnovatum.com.
CONTACTS
Giordano Morichi
Partner, Chief Business Development Officer & Investor Relations
Terra Innovatum Srl
E: g.morichi@terrainnovatum.com
W: www.terrainnovatum.com
Anantha Ramamurti
President, Chief Financial Officer
GSR III Acquisition Corp
E: anantha@gsrspac.com
P: (949) 468-7434
Nicholas Hresko-Staab
Vice President
Investor & Media Relations
Alliance Advisors IR
E: TerraIR@allianceadvisors.com
IMPORTANT INFORMATION FOR SHAREHOLDERS
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or constitute a solicitation of any vote or approval.
PARTICIPANTS IN THE SOLICITATION
Each of the Registrant Parties, and their respective directors and executive officers, may be considered participants in the solicitation of proxies with respect to the potential transaction described in this communication under the rules of the SEC. Information about the directors and executive officers of GSRT is set forth in GSRT’s filings with the SEC. Information regarding other persons who may, under the rules of the SEC, be deemed participants in the solicitation of the shareholders in connection with the potential transaction and a description of their direct and indirect interests are set forth in the Registration Statement (and are included in the proxy statement/prospectus) and other relevant documents when they are filed with the SEC. These documents can be obtained free of charge from the sources indicated above.
FORWARD LOOKING STATEMENTS
The statements contained in this press release that are not purely historical are forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on GSRT and the other Registrant Parties. There can be no assurance that future developments affecting GSRT and the other Registrant Parties will be those that we have anticipated. These forward-looking statements speak only as of the date this press release is delivered and involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements with respect to the Business Combination; (2) the outcome of any legal proceedings that may be instituted against GSRT, any of the Registrant Parties, the combined company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; (3) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of GSRT or to satisfy other conditions to closing; (4) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; (5) the ability of Pubco to meet stock exchange listing standards following the consummation of the Business Combination; (6) the risk that the Business Combination disrupts current plans and operations of Terra Innovatum as a result of the announcement and consummation of the Business Combination; (7) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (8) costs related to the Business Combination, including the reorganization described in the business combination agreement; (9) changes in applicable laws or regulations; (10) the possibility that the Registrant Parties or the combined company may be adversely affected by other economic, business, and/or competitive factors; (11) the amount of redemption requests made by GSRT shareholders and (12) other risk factors described herein as well as the risk factors and uncertainties described in the Form S-4 and GSRT’s other filings with the SEC, as well as any further risks and uncertainties to be contained in the proxy statement/prospectus filed after the date hereof. In addition, there may be additional risks that neither GSRT nor any of the other Registrant Parties presently know, or that GSRT or the other Registrant Parties currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation by any person that the forward- looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made.
None of GSRT, the other Registrant Parties, or any of their respective affiliates, officers, employees or agents, makes any representation or warranty, either express or implied, in relation to the fairness, reasonableness, adequacy, accuracy, completeness or reliability of the information, statements or opinions, whichever their source, contained in this press release or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information. GSRT, the other Registrant Parties and their respective affiliates, officers, employees and agents further expressly disclaim any and all liability relating to or resulting from the use of this press release and any errors therein or omissions therefrom. Further, the information contained herein is preliminary, is provided for discussion purposes only, is only a summary of key information, is not complete and is subject to change without notice.
In addition, the information contained in this press release is provided as of the date hereof and may change, and neither GSRT nor the other Registrant Parties undertakes any obligation to update or revise any forward- looking statements, whether as a result of new information, inaccuracies, future events or otherwise, except as may be required under applicable securities laws.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e65e5336-31db-4f87-8b66-679764f66a2b
FAQ
How much total equity financing has Terra Innovatum secured for its SPAC merger with GSRT?
When will Terra Innovatum's SOLO™ reactor be deployed to market?
What will be Terra Innovatum's new stock symbol after the SPAC merger?
When is the GSRT shareholder vote for the Terra Innovatum merger?
What differentiates Terra Innovatum's nuclear reactor approach?
