Terra Innovatum partner GSR III Acquisition initiated with a Buy at Benchmark

As previously reported, Benchmark initiated coverage of GSR III Acquisition (GSRT) – which has entered into a definitive business combination agreement that will position Terra Innovatum (NKLR) to become a publicly listed company on the Nasdaq under ticker symbol “NKLR” – with a Buy rating and $19 price target The firm believes Terra Innovatum is positioned to be “an early leader in the microreactor race” with the SOLO reactor, which is designed for existing fuel supply, off-the-shelf components and the latest safety and non-proliferation safeguards. Terra’s strategy won’t require advanced fuels or fit-for-purpose factories, making it “capital-efficient,” the analyst tells investors.