Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 302

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 302
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 as our chief operating decision maker, manages and allocates resources to our operations. This enables our CEO to assess the overall level of available resources and determine how best to deploy these resources across service lines in line with our long -termcompany -widestrategic goals. Results of Operations The period to period comparisons of our results of operations have been prepared using the historical periods included in our financial statements. The following discussion should be read in conjunction with the financial statements and related notes included elsewhere in this proxy statement/prospectus. We have derived this data from our annual financial statements included elsewhere in this proxy statement/prospectus. Key Components of Results of Operations Revenue To date, we have not generated any revenue from product sales and do not expect to generate any revenue from the sale of products for the foreseeable future. Operating Expenses General and administrative Our general and administrative consists primarily of advisory fees in connection with the Merger discussed in the “Business Combination and Public Company Costs” section above, fees for public relations consultancy services, professional services, software fees, bank fees, legal fees and employee benefit expense. Development costs Our development costs consist of salaries and personnel costs. Other (expenses) income Other income — related party Our other income -relatedparty consists of fees from engineering consulting services that we provide to related parties that are unrelated to our core business. We do not expect to incur these fees following the Business Combination. Other (expenses) income Our other (expenses) income consists primarily of interest on value added tax. (Provision) benefit for income taxes Provision for income taxes is accounted for using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns. In addition, deferred tax assets are recorded for all future benefits including, but not limited to, net operating losses, research and development credit carryforwards, and basis differences with certain assets and liabilities. 152

Results of Operations Results of Operations The following table sets forth our historical results for the periods indicated and the changes between periods:

|                                                   |     | Year Ended December 31, |     2024 |   |     |   |    2023 |   |     |   |        $ 
 Variance |   |     |     | %        
 Variance |
|:--------------------------------------------------|:----|:------------------------|---------:|:--|:----|:--|--------:|:--|:----|:--|---------:|:--|