Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 87

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 87
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 raised approximately $5,690 in bridge financing. It is a condition to closing that the GSR Available Cash be at least $25,000.

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-investments with 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 September 30, 2025, we
had cash of $2,151 and an accumulated deficit of approximately $5,617. For the nine months ended September 30, 2025, we used approximately
$3,688 of cash in operating activities and have historically incurred recurring losses and negative operating cash flows. These conditions
initially raised substantial doubt about our ability to continue as a going concern within one year after the date the financial statements
were issued.

Subsequent to the balance sheet
date, on October 9, 2025, we completed the Merger see “Business Combination and Public Listing” below, which resulted
in the conversion of $5,690 of Bridge Loans into equity and warrants and provided significant additional liquidity. Based on our current
forecasts, expected cash outflows over the next 12 months to support FOAK development, engineering and licensing activities, and general
business operations are not anticipated to exceed available liquidity. We therefore believe that existing cash will be sufficient to
our working capital and capital expenditure requirements for at least the next 12 months.

Our primary sources of liquidity
are cash on hand, and our primary uses of liquidity are operating expenses, licensing activities, and capital expenditures. We continue
to monitor our liquidity position and may consider additional financing arrangements, including equity offerings, to support our growth
strategy as appropriate.

Q3 2025 Bridge Loans

In August and September 2025,
multiple lenders committed to loan $690 to the Company, in the aggregate, to be evidenced by unsecured debt note subscription agreements
(the “Q3 2025 Bridge Loans”). In August and September 2025, each of the lenders entered into an unsecured debt note subscription
agreement. In accordance with the terms of the agreements, the Q3 2025 Bridge Loans bear interest at a fixed annual rate of 15%, PI