Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 274

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 274
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     |                    |   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 aligned with all agreements and budget.

Note 12. Income Taxes

The Company recorded no provision
for income taxes for the three and nine months ended September 30, 2025 and 2024.

Deferred tax assets and deferred
tax liabilities are recognized based on temporary differences between the financial reporting and tax basis of assets and liabilities
using statutory rates. Management of the Company has evaluated the positive and negative evidence bearing upon the realizability of its
deferred tax assets. Under the applicable accounting standards, management has considered the Company’s history of losses and concluded
that it is more likely than not that the Company will not recognize the benefits of the deferred tax assets. Accordingly, a full valuation
allowance has been established against the Company’s otherwise recognizable net deferred tax assets.

<div align='center'>F-65</div>

Note 13. Subsequent Events

The Company has evaluated subsequent
events through the date the financial statements were available to be issued, and determined that there have been no events that have
occurred that would require adjustments to disclosures in the financial statements other than the following:

Conversion of Bridge Loans

Upon the closing of the Merger
(see “Business Combination and Public Listing” below), all of the Bridge Loans (the Q3 Bridge Loans and the Bridge
Loans discussed in Note 8 - Bridge Loans and Warrants) were converted into an aggregate of 851,483 ordinary shares of Terra Innovatum
Global N.V. at a conversion price of $7.00 per share. In connection with the conversion, the Company issued to the lenders:

| ● | Warrants                                                                                
 to purchase up to 851,483 ordinary shares at an exercise price of $11.50 per share; and |