Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 239

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 239
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As
of December 31, 2024, the Company had $1,787,033 in its operating bank account and working capital of $1,886,349. The Company has incurred
and expects to incur significant costs to operate as a publicly traded company, to evaluate business opportunities, and to close on a
Business Combination. Such costs will be incurred prior to generating any operating revenues. These factors also raise substantial doubt
about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued.

Management
plans to complete a Business Combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity
to fund its operations until then. However, there can be no assurance that we will be able to consummate a Business Combination within
the required timeframe or that liquidity will be sufficient to fund operations. The financial statements do not include any adjustments
relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary should the Company be
unable to continue as a going concern.

Risks and Uncertainties

Management
continues to evaluate the impact of significant global events such as the Russia/Ukraine and Israel/Palestine conflicts, on the
industry and has concluded that while it is reasonably possible that these could have a negative effect on the Company’s
financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as
of the date of these financial statements. The financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial
statements are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”)
and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).

Emerging Growth Company Status

The Company is an “emerging
growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified
by the Jumpstart Our Business Startups Act of 2012, (the “JOBS Act”), and it may take advantage of certain exemptions from
various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not
limited to, not being required to comply with the auditor attestation requirements of Section 404