Sign in

NKLR on Nasdaq

Terra Innovatum Global N.V.

Terra Innovatum Global N.V. is a fabricated plate work company, listed on Nasdaq (NKLR).1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerNKLR on Nasdaq1
  • IndustryFabricated Plate Work (Boiler Shops)1
  • HeadquartersL61
  • Incorporated inItaly2
  • Business addressVia Della Chiesa Xxxii, 759, Lucca, 551002
  • Filer category, Emerging growth company2

See how the biggest companies compare on our leaderboards

Innovatum aims to deploy SOLO by 2028 to address the growing global demand for sustainable and reliable energy.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income5-$33.7M in 2025+21925% since 2024
-$40.0M-$30.0M-$20.0M-$10.0M02024: -$153.0K-$153.0K20242025: -$33.7M-$33.7M2025+21925%
Net income65$539.5M in 2025
-$200.0M0$200.0M$400.0M$600.0M2024: -$34.0K-$34.0K20242025: $539.5M$539.5M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
General and administrative$32.3M$78.0K
Development costs$1.4M$75.0K
Total operating expenses$33.7M$153.0K
Loss from operations-$33.7M-$153.0K
Other income - related party$129.0K
Other expense, net-$1.9M
Interest expense-$1.4M
Change in fair value - share settled contingent liability$560.0M
Change in fair value - warrant liabilities$16.6M
Total other income, net$573.2M$129.0K
Income (loss) before income taxes$539.5M-$24.0K
(Provision) benefit for income taxes-$10.0K
Net income (loss)$539.5M-$34.0K
Change in foreign currency translation adjustment-$10.1M$1.0K
Total comprehensive income (loss)$529.4M-$33.0K
Net income per share - basic (in Dollars per share)$9.74
Weighted-average ordinary shares outstanding - basic (in Shares)55.4M shares47.5M shares
Net income per share - diluted (in Dollars per share)$9.74
Weighted-average ordinary shares outstanding - dilutive (in Shares)55.4M shares47.5M shares

Compare Terra Innovatum Global N.V. with another company

Corporate structure

Terra Innovatum Global N.V. sits at the top of its group. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Terra Innovatum Global N.V.

  • Terra Innovatum Global N.V. L6
    • Terra Innovatum S.R.L. Subsidiary · Italy
    • XIT Corp. Subsidiary · Cayman Islands

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Terra Innovatum Global N.V. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$102.0K5 Dec 31, 2025

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$102.9M5 Dec 31, 2025$69.0K5 Dec 31, 2024+149004.3%

Properties, in its own words

Our headquarters are in Lucca, Italy. The offices are sub-leased. On April 1, 2025, the Company entered into a lease agreement with Nine Nuclear and Industrial Engineering S.R.L., a Related Party, to sublease three office rooms from a property unit located in Lucca, Sorbano del Giudice, Via della Chiesa XXXII n. 759. The three office rooms will be used exclusively for professional office purposes and related activities. The term of the lease agreement is 24 months starting from April 1, 2025 and ending on March 31, 2027. Each party may withdraw from the lease agreement at any time before the expiration date of the contract. The rent is €11,400 ($12,320 USD) per annum, €950 ($1,027 USD) per month plus €50 ($54 USD) monthly as a flat-rate reimbursement for utilities and cleaning costs (the “Lease Fee”), with the total monthly amount to be paid no later than the 10th of each month. The Lease Fee will be updated annually by 75% of the variation in the official consumer price indices for worker and employee families as determined by the Italian Statistics Day in the previous year and subsequently year by year, with the first update taking effect on April 1, 2026. The lease agreement is subject to VAT according to Italian tax regulations.

We believe that all our properties have been adequately maintained, are generally in good condition, and are suitable and adequate for our business.

Item 2 of the 10-K filed Jun 16, 2026.4

Leadership

Who has led Terra Innovatum Global N.V., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Alessandro Petruzzi2025
  2. Gus Garcia2025–now
  3. Lewis Silberman2025–now

President

  1. Anantha Ramamurti2025–now

Chief financial officer

  1. Guillaume Moyen2025
  2. Anantha Ramamurti2025–now

Chief operating officer

  1. Cesare Frepoli2025–now
Board members and other officers (18)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Terra Innovatum S.R.L. Italy3
  • XIT Corp. Cayman Islands3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Terra Innovatum Global S.R.L.May 14, 2025 to Oct 2, 20252

Timeline

  1. Oct 8, 20268-K Executive or director change25
  2. Sep 23, 20268-K Executive or director change26
  3. Aug 27, 20268-K Executive or director change27
  4. Jul 2, 20268-K Executive or director change28
  5. May 22, 20268-K Listing notice or transfer29
  6. May 22, 20268-K Executive or director change30
  7. Apr 17, 20268-K Listing notice or transfer31
  8. Mar 30, 20268-K Executive or director change32
  9. Jan 21, 20268-K Change of auditor33
  10. Jan 7, 20268-K Executive or director change34
  11. Dec 23, 20258-K Executive or director change35
  12. Nov 20, 20258-K Regulation FD disclosure36
  13. Oct 14, 2025New chief executive Lewis Silberman becomes CEO10
  14. Oct 14, 2025New chief executive Gus Garcia becomes CEO9
  15. Oct 9, 2025New chief executive Alessandro Petruzzi becomes CEO8

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202637

When it reported results

  1. Nov 17, 2025Reported quarterly or annual results38

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

87 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 18 major events, 25 insider forms, 1 large holders, 39 other. The latest 20:

  1. Oct 8, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  2. Oct 8, 20268-K CURRENT REPORT EDGAR
  3. Sep 23, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  4. Sep 23, 20268-K CURRENT REPORT EDGAR
  5. Aug 27, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  6. Aug 27, 20268-K CURRENT REPORT EDGAR
  7. Aug 17, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  8. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  9. Jul 6, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  10. Jul 6, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  11. Jul 6, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
  12. Jul 6, 2026S-8 REGISTRATION STATEMENT EDGAR
  13. Jul 2, 20268-K CURRENT REPORT EDGAR
  14. Jul 1, 202610-Q QUARTERLY REPORT EDGAR
  15. Jun 16, 202610-K ANNUAL REPORT EDGAR
  16. May 22, 20268-K/A AMENDMENT NO. 2 TO FORM 8-K EDGAR
  17. May 22, 20268-K CURRENT REPORT EDGAR
  18. Apr 17, 20268-K CURRENT REPORT EDGAR
  19. Mar 30, 20268-K CURRENT REPORT EDGAR
  20. Mar 30, 2026NT 10-K EXTENSION NOTICE EDGAR

The 87 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Terra Innovatum Global N.V. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTerra Innovatum Global N.V.1
  • CIK0002067627
  • Employer ID (EIN)00-00000004
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inNetherlands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3443 Fabricated Plate Work (Boiler Shops)1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressVia Della Chiesa Xxxii, 759, Lucca, 55100, Italy1
  • Phone39-340-465-30581
  • Shares outstanding110,500,908 as of Aug 13, 20266
  • Public float$0 as of Jun 30, 20255
  • AuditorKPMG Accountants N.V., Amstelveen, the Netherlands PCAOB ID 1012; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 14, 20251
  • Filings87 in all: 8-K (15), 4 (14), 3 (11), 424B3 (10), CORRESP (7), S-4/A (6), UPLOAD (5), 10-Q (3)1
    All 21 form types

    8-K/A (3), EFFECT (2), 10-K (1), 8-A12B (1), 8-A12B/A (1), CERT (1), NT 10-K (1), NT 10-Q (1), S-1 (1), S-1/A (1), S-4 (1), S-8 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Jun 16, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Oct 8, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, par value of €0.01 per shareNKLRThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Jun 16, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Terra Innovatum Global N.V. names in Item 1A of its 10-K filed Jun 16, 2026: 69 risks under these headings, as written.4

  • These disclosures reflect the Company’s beliefs and opinions as to factors that could materially and adversely affect the Company and its securities in the future. References to past events are provided by way of example only and are not intended to be a complete listing or a representation as to whether or not such factors have occurred in the past or their likelihood of occurring in the future.
  • Risks Related to Terra Innovatum’s Business
  • We are a holding company with no direct operations that relies on dividends, distributions, loans and other payments, advances and transfers of funds from our operating Subsidiary, Terra Innovatum s.r.l., an Italian limited liability company (Italian Società a responsabilità limitata) (“Terra OpCo”), to pay dividends, pay expenses and meet our other obligations. Accordingly, our securityholders are subject to all of the risks of Terra OpCo’s business.
  • Throughout this section, unless otherwise noted, “Terra Innovatum,” “we,” “us” or “our” refers to Terra Innovatum Global N.V. and our consolidated subsidiaries, including Terra OpCo.
  • We have incurred losses and have not generated any revenue since our inception. We anticipate that we will continue to incur losses, and expect that we will not generate revenue, for the foreseeable future.
  • Our limited operating history makes it difficult to evaluate our future prospects and the risks and challenges we may encounter.
  • We have not yet commercialized or sold the SOLO or any other micro-modular reactor (“MMR”), and there is no guarantee that we will be able to do so.
  • If we fail to manage our growth effectively, we may be unable to execute our business plan, and our business, results of operations, and financial condition could be harmed.
  • We are dependent upon key officers.
  • There is limited operating experience or regulatory precedent for reactors of this type, configuration and scale, which may result in greater than expected construction and material costs, maintenance requirements, operating expense or delivery timing.
  • The market for MMRs generating electric power and high-temperature heat is not yet established and may not achieve the growth potential we expect or may grow more slowly than expected.
  • We may not attract customers to our MMR technology as quickly as we expect, or at all, and acquiring customers may be more expensive than we currently anticipate.
The other 58 risks
  • Our cost estimates are highly sensitive to broader economic factors, and our ability to control or manage our costs may be limited.
  • Competition from existing or new companies could cause us to experience downward pressure on prices, fewer customer orders, reduced margins, the inability to take advantage of new business opportunities, and the loss of market share.
  • Technological changes could render our technology and products uncompetitive or obsolete, which could prevent us from achieving market share and sales.
  • Changes in the availability and cost of electricity, natural gas and other forms of energy are subject to volatile market conditions that could adversely affect our business.
  • The cost of electricity generated from nuclear sources may not be cost competitive with other electricity generation sources in some markets, which could materially and adversely affect our business.
  • We and our customers operate in a politically sensitive environment, and the public perception of nuclear energy can affect our customers and us.
  • Accidents involving nuclear power facilities, including but not limited to events similar to any of the Three Mile Island, Chernobyl or Fukushima Daiichi nuclear accidents, or terrorist acts or other high profile events involving radioactive materials, could materially and adversely affect the public perception of the safety of nuclear energy, our customers and the markets in which we operate and potentially decrease demand for nuclear energy or facilities, increase regulatory requirements and costs or result in liabilities or claims that could materially and adversely affect our business.
  • The direct and indirect impact on us and our customers from severe weather and other effects of climate change and the economic impacts of the transition to non-carbon based energy, could adversely affect our financial condition, operating results, and cash flows.
  • Our operations involve the use, transportation and disposal of toxic, hazardous and/or radioactive materials and could result in liability without regard to fault or negligence.
  • Unresolved spent nuclear fuel storage and disposal issues and associated costs could have a significant negative impact on Terra Innovatum’s business operations if potential SOLO customers view the risks associated with these issues and costs as unacceptably high.
  • Unsatisfactory safety performance or security incidents at our facilities — or any nuclear facility around the world — could have a material adverse effect on our business, financial condition and results of operations.
  • We are subject to cybersecurity threats which could have adverse effects, including regulatory effects, on our business and results of operations.
  • Our supply base may not be able to scale to the production levels necessary to meet sales projections.
  • We rely on a limited number of suppliers for certain materials and supplied components, some of which are highly specialized and are being designed for first-of-a-kind or sole use in the SOLO. We and our third-party vendors may not be able to obtain sufficient materials or supplied components to meet our manufacturing and operating needs, or obtain such materials on favorable terms or at expected costs.
  • We depend on key executives and management to execute our business plan and conduct our operations. A departure of key personnel could have a material adverse effect on our business.
  • Our business plan requires us to attract and retain qualified personnel including personnel with highly technical expertise. Were we not to be able to successfully recruit and retain experienced and qualified personnel, it could have a material adverse effect on our business.
  • We rely heavily on our intellectual property portfolio. Our ability to protect our patents and other intellectual property rights may be challenged and is not guaranteed. If we are unable to protect our intellectual property rights, our business and competitive position may be harmed.
  • We currently enjoy only limited geographical protection with respect to certain issued patents and may not be able to protect our intellectual property rights throughout the world.
  • We may need to defend ourselves against intellectual property infringement claims, which may be time-consuming and could cause us to incur substantial fees and costs.
  • We may not identify relevant third-party patents or may incorrectly interpret the relevance, scope or expiration of a third-party patent, which might adversely affect our ability to develop and market our MMRs.
  • We may be subject to claims of ownership and other rights to our patents and other intellectual property by third parties.
  • Our management has limited experience in operating a public company.
  • We are subject to data privacy and protection laws in multiple jurisdictions, including the GDPR, and any failure to comply with these laws could result in significant penalties and harm to our business.
  • The use of artificial intelligence technologies may present business, legal, and regulatory risks.
  • Risks Relating to Terra Innovatum’s Capital Resources
  • Our corporate expenditures, including our corporate level expenses, are subject to numerous risks and uncertainties.
  • We may experience a disproportionately higher impact from inflation and rising costs.
  • If we incur indebtedness in the future, we could be exposed to risks that could adversely affect our business, financial condition and results of operations.
  • Our actual operating results may differ significantly from our guidance.
  • Our financial results may vary significantly from quarter to quarter.
  • If we experience significant fluctuations in our operating results and rate of growth and fail to meet revenue and earnings expectations, our share price may fall rapidly and without advance notice.
  • Changes in our accounting estimates and assumptions could negatively affect our financial position and results of operations.
  • Our ability to pay dividends may be limited and the level of future dividends is subject to change.
  • It may be difficult to enforce U.S. judgments against us.
  • Fluctuations in Foreign Currency Exchange Rates and Withholding Taxes May Adversely Affect Our Results of Operations and Cash Flows
  • Risks Relating to Compliance with Law, Government Regulation and Litigation
  • Uncertain global macro-economic and political conditions could materially adversely affect our results of operations and financial condition.
  • We are subject to stringent export and import control laws and regulations, and our failure to comply with these laws and regulations or to obtain necessary authorizations, could have a material adverse effect on our business, financial condition and results of operations.
  • Changes in international trade policies, tariffs and treaties affecting imports and exports may have a material adverse effect on our performance or business prospects.
  • Terrorist attacks, acts of war or natural disasters may adversely affect our operations.
  • We are part of the nuclear power industry, which is highly regulated. Our MMR designs similarly differ from reactors currently in operation, including with respect to potential industrial uses. As a result, the regulatory licensing and approval process for our nuclear power plants may be delayed and made more costly.
  • These key materials and components may also be particularly vulnerable to inflationary pressures and cost increases.
  • The public has the ability to intervene in licensing proceedings before the NRC for a reactor.
  • The SOLO designs have not yet been approved or licensed for use at any site by the NRC, and approval or licensing of these designs is not guaranteed.
  • Even if the SOLO is licensed in the United States, we must still obtain approvals on a country-by-country basis to deploy these reactor technologies, which approvals may be delayed or denied or which may require modification to our design.
  • Our customers could incur substantial costs as a result of violations of, or liabilities under, environmental laws.
  • Our MMRs may not qualify as low-emissions or emissions-free pursuant to regulatory or incentive frameworks that consider emissions on a lifecycle basis or that otherwise account for fuel-cycle emissions or energy consumption.
  • We may become involved in litigation that may materially adversely affect us.
  • We have identified material weaknesses in our internal controls over financial reporting and if our remediation of such material weaknesses is not effective, or if we fail to develop and maintain an effective system of disclosure controls and internal controls over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable laws and regulations could be impaired.
  • Risk Relating to Tax Matters Applicable to Terra Innovatum
  • Changes in tax, tariff or fiscal policies could adversely affect demand for our products.
  • Changes to taxation or the interpretation or application of tax laws could have an adverse impact on our results of operations and financial condition.
  • We intend to be treated exclusively as a resident of the Republic of Italy for tax purposes, but Dutch or other tax authorities may seek to treat us as a tax resident of another jurisdiction as a result of which we could be subject to increased and/or different taxes.
  • Risks Related to Ownership of Terra Shares and Terra Operating as a Public Company
  • Our only significant asset is our ownership interest in Terra OpCo, and such ownership may not be sufficient to satisfy our financial obligations.
  • If a U.S. person is treated as owning at least 10% of the shares of Terra, such person may be subject to adverse U.S. federal income tax consequences.
  • The PFIC status of Terra could result in adverse U.S. federal income tax consequences to U.S. holders.
  • If analysts do not publish research about Terra’s business or if they publish inaccurate or unfavorable research, our share price and trading volume could decline.
  • We may be subject to securities litigation, which is expensive and could divert management attention.
  • Future resales of our Ordinary Shares may cause the market price of our securities to drop significantly, even if our business is doing well.
  • The obligations associated with being a public company involve significant expenses and require significant resources and management attention, which may divert from Terra’s business operations.
  • We are currently an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and to the extent we have taken advantage of certain exemptions from disclosure requirements available to emerging growth companies or smaller reporting companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.

Legal proceedings

We are, and from time to time, we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are not presently a party to any legal proceedings that in the opinion of our management, if determined adversely to us, would individually or taken together have a material adverse effect on our business, financial condition or operating results.

Defending such proceedings is costly and can impose a significant burden on management and team members. The results of any current or future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

The opening of Item 3, Legal Proceedings.4

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39