Terra Innovatum Global N.V. (NKLR) Form 10-Q — Jun 30, 2026

Terra Innovatum Global N.V. reported a net loss of $7.1 million for the quarter ended March 31, 2026, compared to a loss of $1.4 million in the prior-year period, as operating expenses rose to $6.6 million driven by increased development costs and general administrative spending. The company, which is developing the SOLO micro-modular nuclear reactor, remains pre-revenue and held cash and equivalents of $96.7 million at quarter-end. Management identified material weaknesses in internal control over financial reporting, citing a lack of a Sarbanes-Oxley compliant control environment and a failure to uplift controls following the company's de-SPAC transaction in October 2025.

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