Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 90

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 90
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 months ended June 30, 2025 compared to the same period in 2024 primarily due to an increase of $1,585,373 due to
fees for legal services, an increase of $655,786 due to fees for audit and accounting services, an increase $350,364 due to fees for management
consultancy services, an increase of $266,478 due advisory fees in connection with the potential SPAC transaction discussed in the “Business
Combination and Public Company Costs” section above, an increase of $226,799 due to board of directors compensation, an increase
of $105,743 due to fees for public relations consultancy services, an increase of $90,780 thousand due to software expenses, an increase
of $46,210 thousand in food and lodging expenses, and $187,184 of miscellaneous expenses.

We expect to continue to incur additional general
and administrative expenses as a result of operating as a public company, including expenses related to compliance with the rules and
regulations of the SEC and Nasdaq Stock Market, additional insurance costs, investor relations activities and other administrative and
professional services. As a result, we expect general and administrative expenses to increase in absolute dollars in future periods.

Development costs

Development costs increased by $51,241 for the six months
ended June 30, 2025 compared to the same period in 2024 primarily due to increases in travel and entertainment expenses.

Other income (expenses)

Other income — related party

Other income — related party decreased
by $62,315 for the six months ended June 30, 2025 compared to the same period in 2024. We provided engineering consulting services
unrelated to our core business during the six months ended June 30, 2024. No such services were provided during the six months
ended June 30, 2025.

Other expense

Other expense increased by $55,307 during the six months
ended June 30, 2025 compared to the same period in 2024. The increase was primarily due to $221,421 of foreign currency transaction
losses and an increase of $2,873 of miscellaneous expenses, partially offset by $168,987 foreign currency transaction gains.

Interest expense

Interest expense totaled $189,010 for the six months
ended June 30, 2025, attributable to the Bridge Loans. There was no interest expense during the same period in 2024.

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