Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 344

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 344
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ation of the Merger, the liquidation preference will terminate. The amendment defines the coverage amount as 100% of the total number of shares issued upon conversion. Following the Merger, lenders will receive two sets of warrants to subscribe to a number of ordinary shares of the Company equal to the coverage amount, priced at $11.50 and $15.00 per share respectively. These warrants are exercisable within 36months and do not include anti -dilutionrights. Additionally, lenders are obligated to use their best efforts to actively support PIPE fundraising efforts and will earn a 3% commission on the funds raised through their efforts, payable in cash or ordinary shares of Terra Innovatum Global at the applicable conversion price if the Merger is consummated. Cash Flows The following table provides detailed information about our net cash flows for the six months ended June 30, 2025 and 2024:

| 2025                                                         
 Net cash (used in) provided by:                              |     | Six Months Ended June 30, |            | 2024 |     |   |       |   |
|:-------------------------------------------------------------|:----|:--------------------------|-----------:|:-----|:----|:--|------:|:--|
| Operating activities                                         |     | $                         | (1,371,162 | )    |     | $ | 2,347 |   |
| Financing activities                                         |     |                           |  4,983,870 |      |     |   |     — |   |
| Effect of exchange rate changes on cash and cash equivalents |     |                           |    290,562 |      |     |   |   (70 | ) |
| Net increase in cash                                         |     | $                         |  3,903,270 |      |     | $ | 2,277 |   |

177

Net Cash used in Operating Activities Net cash used in operating activities for the six months ended June 30, 2025 was $1,371,162. This amount was related to (i) a net loss of $2,593,180, (ii) adjustments to reconcile net loss to net cash used in operating activities of $1,077,725, offset by (iii) working capital changes of $2,297,854, and (iv) $1,889 in changes in other non -currentliabilities. Net cash provided by operating activities for the six months ended June 30, 2024 was $