Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 366

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 366
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 significant costs to operate as a publicly traded company, to evaluate business opportunities, and to close on a Business Combination. Such costs will be incurred prior to generating any operating revenues. These factors also raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. 190 Management plans to complete a Business Combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity to fund its operations until then. However, there can be no assurance that we will be able to consummate a Business Combination (including the potential Business Combination described above) within the required timeframe or that liquidity will be sufficient to fund operations. The financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be unable to continue as a going concern. Results of Operations Our entire activity since inception up to March 31, 2025 relates to our formation and the Initial Public Offering, and since the Initial Public Offering, our search for a Business Combination. We will not generate any operating revenues until the closing and completion of our initial Business Combination, at the earliest. We generate non -operatingincome from the proceeds held in the Trust Account. For the three months ended March 31, 2025, we had a net income of $1,163,020, which consisted of non -operatingincome earned on the Trust Account and operating account of $2,423,285, partially offset by loss from operations of $1,260,265 consisting of general and administrative expenses. For the three months ended March 31, 2024, we did not have any transactions and had a net income of $0. Contractual Obligations Administrative Services Agreement Commencing on November 8, 2024, the Company has entered into an agreement to pay the Sponsor a total of up to $55,556 per month for office space and administrative and support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees. For the three months ended March 31, 2025, the Company incurred $166,668 in fees for these services, which are included within general and administrative expenses in the statements of operations (none for the three months ended March 31, 2024). There were no related amounts payable as of March 31, 2025 and December 31, 2024. Promissory Note — Related Party During June 202