Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 521

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 521
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 using statutory rates. Management of the Company has evaluated the positive and negative evidence bearing upon the realizability of its deferred tax assets. Under the applicable accounting standards, management has considered the Company’s history of losses and concluded that it is more likely than not that the Company will not recognize the benefits of the deferred tax assets. Accordingly, a full valuation allowance has been established against the Company’s otherwise recognizable net deferred tax assets.

F-65 Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited) Note 14. Subsequent Events The Company has evaluated subsequent events through the date the financial statements were available to be issued, and determined that there have been no events that have occurred that would require adjustments to disclosures in the financial statements other than the following: Engineering Services Agreement On July 11, 2025, the Company entered into an engineering services agreement with Nine, a related party, to support the design of the SOLO project. Per the terms of the agreement, Nine committed to deliver certain technical services to the Company with a total value of $214,563 (€183,560 Euros) plus value added tax (“VAT”), including an initial payment of $107,282 (€91,780 Euros) due by July 15, 2025. August Bridge Loans In July 2025, three lenders committed to loan to us $130,000, in the aggregate, to be evidenced by unsecured debt note subscription agreements (the “August 2025 Bridge Loans”). On August29, 2025, each of the lenders entered into an unsecured debt note subscription agreement. In accordance with the terms of the agreements, the August 2025 Bridge Loans bear interest at a fixed annual rate of 15%, PIK and calculated on the outstanding principal balance. The August 2025 Bridge Loans mature one year from their respective issuance dates and are subject to mandatory early redemption upon the consummation of a qualifying business combination, such as the Merger. In such an event, all accrued and unaccrued interest becomes immediately due and payable on the 30th day following the completion of the qualifying transaction. On August29, 2025, we entered into three letter agreements to convert the August 2025 Bridge Loans into ordinary shares of Terra Innovatum Global if the Merger is completed (the “August Bridge Loan Conversion”). If the August Bridge Loan Conversion happens at the time of the Merger, the shares will be priced at $7.00 each. If the Mer