Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 20

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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444   $13.25   8/29/2025  3  Equity   11,476   $13.25   8/29/2025  3  Equity   11,508   $13.25   9/23/2025  3  Equity   143,680   $13.25   9/27/2025  3  Equity   17,206   $13.25  

Warrant Valuation Methodology 

The fair value of each equity classified warrant
is estimated on the date of grant using the Black-Scholes option-pricing model and the weighted-average assumptions noted in the table
below for the warrants issued during the nine months ended September 30, 2025:

  Equity Classified Warrants    

    Warrants: 

    Expected term (in years) 
     (3 - 4) 
  
    Expected volatility 
     110% - 108% 
  
    Risk-free interest rate 
     4.02%
  
    Expected dividend yield 
     0%

13

Note 11. Segment Information

When evaluating the Company’s performance
and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    Three Months Ended September 30,  
    Nine Months Ended  September 30, 

    2025  
    2024  
    2025  
    2024 

    (Unaudited)  
    (Unaudited) 
  
    Operating expenses: 

    General and administrative 
    $2,135  
    $2  
    $5,655  
    $7 
  
    Development costs 
     155  
     16  
     244  
     53 
  
    Total operating expenses 
    $2,290  
    $18  
    $5,899  
    $60 

The key measures of segment
profit or loss reviewed by the CODM are general and administrative expenses and development costs. General and administrative expenses
and development costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete
a potential business combination with a SPAC. The CODM also reviews general and administrative and development costs to manage, maintain
and enforce all contractual agreements to ensure costs are