Terra Innovatum and GSR III Acquisition Corp. Confirm Shareholder Endorsement of Business Merger, Anticipating $130 Million in Total Proceeds Upon Completion

Business Combination Approval: Terra Innovatum and GSR III Acquisition Corp. announced the approval of their business combination, allowing Terra Innovatum to become a publicly traded nuclear reactor developer, with shares expected to trade on Nasdaq under the symbol "NKLR."

Funding for SOLO™ Reactor: The $130 million raised will support the licensing, production, and deployment of the SOLO™ micro-modular reactor, which aims to provide low-cost, zero-carbon energy and is on track for commercialization in the U.S. by 2028.

Technological Innovation: The SOLO™ reactor is designed to be scalable and adaptable, utilizing widely available LEU fuel and off-the-shelf components, addressing global energy shortages with a focus on clean, reliable energy solutions.

Market Applications: SOLO™ will cater to various applications, including off-grid power solutions for remote areas, industrial operations, and medical sectors, with the potential to deliver up to 1GW of CO2-free power while minimizing supply chain risks.