Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 272

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 272
---
rl.

The transfer of quotas is subject
to member approval, as outlined in the Company’s articles of incorporation. No dividends or distributions were declared for the
year, in accordance with Italian regulations for early-stage “start-up innovative” companies.

Legal Reserve – Italian Civil Code

In accordance with Article
2430 of the Italian Civil Code, the Company is required to allocate 5% of its annual net profit or loss to a legal reserve until such
reserve reaches 20% of the Company’s share capital. As of September 30, 2025, the legal reserve amounted to $2, representing approximately
16% of share capital. This reserve is recorded as an appropriation of retained earnings and does not impact net income. The legal reserve
is not distributable as dividends.

Appropriation to Statutory Reserve

In accordance with the Company’s
bylaws and following the approval of the FY 2024 financial statements, a portion of the December 31, 2024 net loss was allocated to a
statutory reserve. This reserve is distinct from the legal reserve required under Article 2430 of the Italian Civil Code and is intended
to strengthen the Company’s equity base. The appropriation was recorded as a reclassification within equity and did not involve
any cash movement.

Use of Prior Year Profit to Offset Accumulated Deficit

In accordance with Article
2430 of the Italian Civil Code and subject to approval by the quotaholders, the Company applied a portion of its FY 2024 net profit to
offset the accumulated deficit from FY 2023. This reallocation was made prior to any appropriations to statutory reserves and was executed
following the legal sequence prescribed by Italian law. The transaction did not involve cash and is recorded as a non-cash equity reclassification
within retained earnings.

Warrants

As of September 30, 2025,
all of the Company’s warrants are classified as permanent equity in accordance with ASC 815-40-25. As of that date,
the Company had the following equity-classified warrants related to the Bridge Loan (also see Note 8 — Bridge Loans and
Warrants):

| Issuance Date |     | Contractual Term 
       (in years) |     | Balance Sheet  
 Classification |     | Shares Issuable  
 Upon Exercise of 
 Warrant          |         |     | Weighted         
 Average Exercise 
 Price            |       |
|:--------------|:----|-----------------:|:----|:---------------|:----|:-----------------