GSR III Acquisition Corp. Completes Business Combination with Terra Innovatum Global

Terra Innovatum Global has completed its business combination with GSR III Acquisition Corp, a blank check company focused on high-potential US-based businesses. The company has not yet generated revenue or commenced operations.

Terra Innovatum Global N.V. (NKLR), a developer of micro-modular nuclear reactors, has completed its business combination with GSR III Acquisition Corp (Nasdaq: GSRT), a publicly traded special purpose acquisition company. The combined entity will operate under the name Terra Innovatum Global N.V. and will begin trading on the Nasdaq Global Market under the ticker symbol "NKLR" as of October 10, 2025 Terra Innovatum Announces Closing of Business Combination with GSR III Acquisition Corp. and Commencement of Trading on Nasdaq^[1].

The transaction, which closed following shareholder approval at GSRT’s Extraordinary General Meeting of Shareholders on October 7, 2025, will allow Terra Innovatum to access $130 million in transaction proceeds. These funds will fully fund the first-of-a-kind SOLO™ micro-modular reactor deployment and accelerate scale-up efforts Terra Innovatum Announces Closing of Business Combination with GSR III Acquisition Corp. and Commencement of Trading on Nasdaq^[1].

Terra Innovatum’s SOLO™ technology uses low-enriched uranium (LEU) fuel and off-the-shelf components to target low-cost, zero-carbon power. The company aims to address global energy shortages by delivering simple, safe, and scalable micro-reactor solutions. The SOLO™ micro-modular reactor is designed to be manufactured, deployed, and operated safely and efficiently, with a focus on commercialization within the next three years .

The combined company will be led by Terra Innovatum’s existing management team, with Alessandro Petruzzi serving as CEO. Petruzzi stated, "Closing this transaction and debuting on Nasdaq marks a defining moment for our company and for the future of clean energy. The confidence our shareholders have shown – and the conviction GSRT demonstrated in our strategy – has been instrumental in getting us here, and we’re grateful for their partnership and belief in what we’re building."

Gus Garcia, Co-CEO and Director of GSRT, commented, "Completing our business combination with Terra Innovatum represents an exciting achievement for both teams. Terra Innovatum is pioneering a new chapter in clean energy with technology that is simple, safe, and extremely versatile in its commercial applications."

Terra Innovatum plans to leverage the $130 million to focus on licensing and deployment execution, with regulatory approvals and successful commissioning remaining key milestones. The company will ring the Nasdaq Opening Bell on October 17, 2025, marking its entry into the public markets Terra Innovatum Announces Closing of Business Combination with GSR III Acquisition Corp. and Commencement of Trading on Nasdaq^[1].