Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 87

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 87
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 Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new
or revised standard.

We are also a “smaller reporting company”
as defined in the Securities Exchange Act of 1934. We may continue to be a smaller reporting company even after we are
no longer an emerging growth company. We may take advantage of certain of the scaled disclosures available to smaller reporting companies
until the fiscal year following the determination that our voting and non-voting ordinary shares held by non-affiliates is $250 million
or more measured on the last business day of our second fiscal quarter, or our annual revenues are less than $100 million during
the most recently completed fiscal year and our voting and non-voting ordinary shares held by non-affiliates is $700 million or more
measured on the last business day of our second fiscal quarter.

Segment Reporting

We operate as one operating segment with a focus
on nuclear energy. Our Chief Executive Office (“CEO”) and founding officers are the Chief Operating Decision Makers as this
committee is responsible for making decisions regarding the allocation of resources and assessing performance as well as for strategic
operational decisions and managing the organization as a whole.

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 registration statement. We have derived
this data from our audited Terra annual financial statements and from our audited Terra Innovatum Global financial statements at inception
included elsewhere in this registration statement.

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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,
legal fees, audit and accounting services fees, board of directors compensation, fees for management consultancy services, fees for public
relations consultancy services, fees for other professional services, software fees, bank fees, taxes, and employee benefit expense.

Development costs

Our development costs consist of salaries and personnel
costs.

Other income (expenses)

Other income — related party

Our other income-related party consists of fees
from engineering consulting services that we provide to related