Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 23

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 23
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 financial
statements included herein.

Risks Related to Terra Innovatum’s Business

We are a holding company with no direct operations that relies on dividends, distributions, loans and other payments, advances and transfers of funds from our operating subsidiary, Terra Innovatum s.r.l., an Italian limited liability company (Italian Società a responsabilità limitata) (“ Terra OpCo”), to pay dividends, pay expenses and meet our other obligations. Accordingly, our securityholders are subject to all of the risks of Terra OpCo’s business upon the Closing.

Throughout this section, unless otherwise noted, “Terra Innovatum,” “we,” “us” or “our” refers to Terra Innovatum Global N.V. and our consolidated subsidiaries, including Terra OpCo.

Risks Relating to Terra Innovatum’s Business

We have incurred losses and have not generated any revenue since our inception. We anticipate that we will continue to incur losses, and expect that we will not generate revenue, for the foreseeable future.

Since inception, we have incurred significant operating
losses, and have an accumulated deficit of $2,630,042 as of June 30, 2025 and negative operating cash flow in the first six months
of 2025 and 2024. We expect that operating losses and negative cash flows will increase in the coming years because of additional
costs and expenses related to our research and development (which we refer to herein as “R&D”), business development
activities and our status as a publicly traded company. To date, we have not generated any revenue. We do not expect to generate any
revenue unless and until we are able to commercialize our reactors and/or other lines of business. As we have incurred losses and experienced
negative operating cash flows since our inception, and accordingly we have undertaken equity financing from investors to satisfy our
funding needs; however, we may not raise adequate funding to offset our expenses and losses. Moreover, we may encounter unforeseen expenses,
difficulties, complications, delays, and other unknown factors that may adversely affect our business. The magnitude of our future net
losses will depend, in part, on the rate of future growth of our expenses and our ability to generate and grow revenue. We cannot predict
the outcome of the actions to generate liquidity to fund our operations, whether such actions would generate the expected liquidity to
fund our operations as currently planned or whether the costs of such actions will be available on reasonable terms or at all. Our continued
solvency is dependent upon