Business
Terra Innovatum and GSR III Acquisition Corp. Announce $37.5 Million Equity Financing in Connection with Business Combination
- PIPE led by Segra Capital Management - Proceeds from the financing and SPAC trust, net of redemptions and expenses, will be used to support licensing and construction of Terra Innovatum’s first-of-a-kind SOLO™ micro-modular reactor - Extraordinary general meeting of shareholders to approve proposed business combination is scheduled for October 7, 2025, at 11:00 a.m. ET - Post-combination company expected to trade on Nasdaq under the ticker symbol NKLR shortly after the closing NEW YORK and AUS
About this update from Terra Innovatum Global N.v.
[{"type":"image","alt":"Terra Innovatum Srl; GSR III Acquisition Corp.","displaySize":"","headline":null,"caption":"Terra Innovatum Srl; GSR III Acquisition Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":123,"url":"https://media.zenfs.com/en/globenewswire.com/8b69fc4a42cb086f451ed42ad4f38efa"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/PgxKOhP7Lpq.ME_pS6.Q0Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE3MjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/8b69fc4a42cb086f451ed42ad4f38efa","width":300,"height":123}},"lazy":false},{"type":"text","content":"- PIPE led by Segra Capital Management","length":38,"tagName":"p"},{"type":"text","content":"- Proceeds from the financing and SPAC trust, net of redemptions and expenses, will be used to support licensing and construction of Terra Innovatum’s first-of-a-kind SOLO™ micro-modular reactor","length":199,"tagName":"p"},{"type":"text","content":"- Extraordinary general meeting of shareholders to approve proposed business combination is scheduled for October 7, 2025, at 11:00 a.m. ET","length":139,"tagName":"p"},{"type":"text","content":"- Post-combination company expected to trade on Nasdaq under the ticker symbol NKLR shortly after the closing","length":109,"tagName":"p"},{"type":"text","content":"NEW YORK and AUSTIN, Texas, Sept. 25, 2025 (GLOBE NEWSWIRE) -- Terra Innovatum Srl (“Terra Innovatum,” or the “Company”), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. (Nasdaq: GSRT), today announced that they have secured $37.5 million in committed financing in connection with their previously announced business combination. The financing includes approximately $32 million of private investment in public equity (“PIPE”) capital, led by Segra Capital Management and supported by strategic and accredited investors, and approximately $5.5 million from a funded bridge facility that will convert to common equity at the closing of the business combination.","length":689,"tagName":"p"},{"type":"text","content":"“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. “The PIPE proceeds will strengthen our balance sheet at close and help us execute on the licensing and comm...