Terra Innovatum secures $37.5 million financing for nuclear reactor project

Terra Innovatum Srl and GSR III Acquisition Corp. (NASDAQ: GSRT) announced they secured $37.5 million in committed financing for their business combination. The financing includes approximately $32 million in private investment in public equity capital led by Segra Capital Management and $5.5 million from a bridge facility that will convert to equity at closing.

GSR III Acquisition Corp. will hold a shareholder meeting on October 7, 2025, at 11:00 a.m. Eastern Time to approve the business combination with Terra Innovatum. The meeting will be conducted virtually via webcast.

The proceeds will support licensing and construction of Terra Innovatum's SOLO micro-modular reactor. Terra Innovatum develops micro-modular nuclear reactors and describes the SOLO system as a 1 megawatt electric reactor designed for various applications including data centers, remote communities, and industrial operations.

"The PIPE investment represents a strong vote of confidence in our technology, commercialization strategy and our trajectory as we aim to enter the public markets next month," said Alessandro Petruzzi, CEO of Terra Innovatum.

Following completion of the business combination, the combined company will operate under the Terra Innovatum name and expects to trade on Nasdaq under the ticker symbol NKLR. The Benchmark Company served as lead placement agent for the financing.

GSRT shareholders of record as of September 15, 2025, are entitled to vote at the meeting. The companies anticipate closing the business combination shortly after the shareholder meeting, subject to approval of necessary proposals and satisfaction of other conditions.

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