Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 327

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 327
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 in provision for income taxes of $10,701. Liquidity, Going Concern, and Capital Resources Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations, and otherwise operate on an ongoing basis. Since inception, we have financed our operations primarily through cash flows from capital contributions. To date, we have not generated any revenue from our core business operations. We do not expect to generate any meaningful revenue unless and until we are able to complete development, regulatory licensing and entering into the effective commercialization phase of the SOLO Micro -ModularNuclear Reactor which we do not anticipate occurring before 2028. We will require additional capital to develop the SOLO Micro -ModularNuclear Reactor and to fund operations for the foreseeable future. In the short term, we will fund our cash needs through funds raised through convertible bridge loans and funds to be received upon the closing of the Business Combination. Subsequent to March31, 2025, we raised approximately $5million in bridge financing. It is a condition to closing that the GSR Available Cash be at least $25million. We will be outsourcing manufacturing. Consequently, we will not need to invest heavily in manufacturing facilities for the first 2 to 3 years while scaling up to 1,000 units per year. After that, Terra will most likely require co -investmentswith suppliers and contract manufacturers. If additional funding was made available earlier, we would be in a position to upfront some of the working capital and capital expenses requirements associated with a faster ramp up of the production capacity. As of March31, 2025, we had cash of $43,787. For the three months ended March31, 2025, we used approximately $199,056 in cash for operating activities. As of December31, 2024, we had cash of $68,934. For the year ended December31, 2024, we used approximately $41,192 in cash for operating activities. Historically, we have incurred recurring net losses from operations and negative cash flows from operating activities. As of March31, 2025, we had an accumulated deficit of approximately $1,484,550. As of December31, 2024, we had an accumulated deficit of approximately $36,862. These factors raise substantial doubt regarding our ability to continue as a going concern within one year of the date these financial statements were issued. We are trying to alleviate the going concern risk through the debt and equity