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NEW YORK/AUSTIN - Terra Innovatum, a developer of micro-modular nuclear reactors, announced Thursday its nominees for the company’s Board of Directors to be appointed upon closing of its proposed business combination with GSR III Acquisition Corp. (NASDAQ:GSRT). The announcement comes amid growing investor interest in nuclear energy companies, with InvestingPro analysis showing the sector has outperformed broader energy indices in 2025.
Katherine Williams, former CEO of Framatome, has been nominated as Independent Chair of the board, which will include nine directors in total. The board will comprise five independent directors and four Terra Innovatum executives.
The independent nominees include Rex Jackson, former CFO at ChargePoint (NYSE:CHPT), which has seen significant market attention in the EV infrastructure space; Dr. Martha Crawford, Operating Partner at Macquarie Group and former Executive Vice President of Innovation at Areva; Dr. Michael Howard, Chair of the World Energy Council; and Peter Hastings, former Vice President at Kairos Power. For detailed analysis of clean energy companies and SPAC transactions, investors can access comprehensive research reports through InvestingPro, which covers over 1,400 US-listed companies with in-depth financial metrics and expert insights.
Terra Innovatum executives nominated to the board include CEO Alessandro Petruzzi, COO Cesare Frepoli, Chief Strategy Officer Massimo Morichi, and CFO Guillaume Moyen.
"Our proposed Board consists of highly accomplished industry leaders who have the perfect mix of skills and backgrounds to guide Terra Innovatum’s strategy," said Petruzzi in the press release statement.
The company is developing the SOLO Micro-Modular Reactor, designed to provide 1 MWe of power for applications including data centers, remote communities, and industrial operations. According to the company, the reactor uses commercially available components and can be scaled up to 1GW. Investors tracking emerging nuclear technology companies can utilize InvestingPro’s advanced screening tools to identify and analyze comparable companies in the clean energy sector, with access to key financial metrics, valuation models, and growth forecasts.
The board nominations come as Terra Innovatum prepares to complete its business combination with GSR III Acquisition Corp., a special purpose acquisition company. The transaction would result in Terra Innovatum becoming publicly traded on Nasdaq.
In other recent news, Blink Charging Co. reported second-quarter revenue of $28.7 million, marking a 38% increase from the previous quarter and a 14% rise compared to the same period last year. Despite a year-over-year decline from $33.3 million in the second quarter of 2024, the company’s revenue exceeded consensus estimates of around $22 million, supported by strong product sales and record service revenues. Blink Charging has also finalized a warrant agreement with former equity holders of Envoy Technologies, resolving remaining payment obligations following the acquisition. Additionally, the company has partnered with Luxembourg-based Nexxtlab to enhance energy management tools for electric vehicle fleets across Europe. In legal developments, Blink Charging received preliminary court approval for a settlement in a derivative action involving the company and certain directors and officers, which includes implementing corporate governance reforms. The insurer will cover $553,750 in attorneys’ fees and expenses, with no monetary payment required from the director defendants. Analyst firms Benchmark and H.C. Wainwright have reiterated their Buy ratings on Blink Charging, with price targets set at $2.00 and $5.00, respectively.
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