09:12 AM EDT, 09/25/2025 (MT Newswires) -- GSR III Acquisition ( GSRT ) , and micro-modular nuclear reactor developer Terra Innovatum said Thursday they have secured $37.5 million in committed financing for their pending business combination.

The financing includes about $32 million of private investment in public equity capital led by Segra Capital Management and about $5.5 million from a funded bridge facility, which will convert to common equity at the business combination's close, the companies said.

Proceeds from the financing will be used to help support licensing and construction of Terra Innovatum's "Solo" micro-modular reactor, the companies said.

They said they expect their business combination to close shortly after the Oct. 7 extraordinary general meeting of GSR III Acquisition ( GSRT ) shareholders if the proposals are approved.

The post-combination company will be named Terra Innovatum, whose common shares are expected to trade on Nasdaq under the ticker symbol "NKLR," the companies said.

Shares of GSR III Acquisition ( GSRT ) were down nearly 2% in recent Thursday premarket activity.