Terra Innovatum Provides Update on Annual Report Filing Process

NEW YORK, April 17, 2026 (GLOBE NEWSWIRE) -- Terra Innovatum Global N.V. (NASDAQ: NKLR) (“Terra” or the “Company”), developer of the SOLO Micro-Modular Reactor, today disclosed receipt of a Nasdaq Listing Delinquency Letter and provided an update on the timing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

Terra Innovatum is in the final stages of completing its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. The Company is taking additional time to ensure the filing is aligned with its post-combination reporting requirements. The Company anticipates filing its Form 10-K in the near term as it finalizes reporting under new CFO leadership.

In connection with this timing, on April 16, 2026, the Company received a notice from the Nasdaq Stock Market indicating that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission. Under Nasdaq rules, the Company has 60 calendar days from the date of the Nasdaq notification letter to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1).

The notification has no immediate effect on the listing or trading of the Company’s ordinary shares on Nasdaq.

Katherine Williams, Chief Financial Officer at Terra Innovatum stated: “This delay is not related to any underlying financial performance or operational issues. Rather, it reflects the complexity of our corporate structure and the reporting requirements following our business combination, which involves multi-jurisdictional considerations across Italy, the Netherlands, the United States, and the Cayman Islands. We are currently working closely with our auditors to finalize the appropriate technical accounting treatment of certain non-cash items. I would also like to highlight that, as of December 31, 2025, the Company maintains a strong cash position, with over $100 million in available funds. We remain well-capitalized and fully positioned to support our operations through the commercialization of the SOLO reactor.”

Alessandro Petruzzi, Co-Founder & CEO concluded: “We appreciate the investors who have supported us in our journey to market and that participated in our Business Update call, where we were able to highlight the significant progress achieved over the past year across licensing, product development, supply chain execution, manufacturing readiness, and financing. We are fully committed to resolving our filing promptly and in full compliance with all regulatory requirements, while continuing to execute on our strategy and advance toward FOAK deployment and scalable NOAK commercialization.”