Terra Innovatum Global NV reported cash and cash equivalents of $2.2 million as of September 30, 2025. The company generated $131.0 million in gross proceeds from a business combination with GSR III Acquisition Corp. and related equity financing completed on October 9, 2025. Key business developments include securing third-party component and fuel supply chain partners in the U.S., Europe, and South America for the production of its first-of-a-kind SOLO micro-modular reactor, with the first deployment site selected in Illinois and a memorandum of understanding for up to 50 commercial SOLO units. Total commercial commitments reached 100 SOLO units under non-binding MOUs.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terra Innovatum Global NV published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-111263), on November 17, 2025, and is solely responsible for the information contained therein.