Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 246

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 246
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 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this
ASU require disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating
officer decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of
segment profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how the
CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources. Public
entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities with a single
reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing segment disclosures
in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning
after December 15, 2024, with early adoption permitted. This standard was effective for the Company for the year ended December 31, 2024
and did not have a material impact on the Company’s financial statements (see Note 9).

Management does not believe
that any other recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the
Company’s financial statements.

NOTE 3. INITIAL PUBLIC OFFERING

Pursuant to the Initial Public
Offering, the Company sold 23,000,000 Units (including underwriters’ over-allotment exercise of 3,000,000 Units) at a purchase price
of $10.00 per Unit, generating gross proceeds of $230,000,000 to the Company which was placed in the Trust Account. Each Unit consists
of one Class A ordinary share and one-seventh of one public right (the “Public Right”). Each whole right entitles the holder
thereof to purchase one Class A ordinary share at a price of $10.00 per share. No fractional rights will be issued upon separation of
the Units and only whole rights will trade. The underwriters have exercised their over-allotment option on consummation of the Initial
Public offering to purchase 3,000,000 additional units to cover over-allotments.

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the consummation
of the Initial