GSR III Acquisition Shareholders Approve Business Combination With Terra Innovatum; Redemption Reversals Closed

Author: Benzinga Newsdesk | October 07, 2025 11:35am

• $130 million in trust and equity financing proceeds to provide significant financial runway to complete first-of-a-kind SOLO™ micro-modular reactor licensing, production, and deployment
• Combination of capital-light business model and strong cash position at close expected to accelerate growth, commercial scale-up, and supply chain enhancements
• Ordinary shares expected to trade on Nasdaq under the symbol "NKLR"

NEW YORK and AUSTIN, Texas, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Terra Innovatum Srl ("Terra Innovatum" or the "Company"), a developer of micro-modular nuclear reactors, and GSR III Acquisition Corp. ("GSRT") (NASDAQ:GSRT), a publicly traded special purpose acquisition company, today announced that GSRT shareholders have voted to approve the previously announced business combination ("Business Combination") with Terra Innovatum and all of the other proposals presented at GSRT's Extraordinary General Meeting of Shareholders held on October 7, 2025. GSRT is no longer accepting redemption reversal requests.

Subject to the satisfaction or waiver of certain closing conditions, the Business Combination is expected to close in the coming days. The post-combination company will operate under the name Terra Innovatum Global N.V., and its ordinary shares are expected to trade on Nasdaq under the ticker symbol "NKLR," subject to the satisfaction of all other listing conditions.

Posted In: GSRT