Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 237

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 237
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 operational
costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business
combination within the business combination period. The CODM also reviews formation and operational costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget.

NOTE 10. SUBSEQUENT EVENTS

The Company evaluated subsequent
events and transactions that occurred after the balance sheet date through the date when these financial statements were issued. Based
on this review, the Company did not identify any subsequent events that would require adjustment or disclosure in the financial statements,
other than the event described below.

Business Combination
Agreement

On April 21, 2025,
the Company entered into a business combination agreement (the “Business Combination Agreement”) with Terra Innovatum s.r.l.,
an Italian limited liability company (“Terra Innovatum”). Pursuant to the terms of the Business Combination Agreement, the
Company, Terra Innovatum and their related parties will undertake a series of reorganizations, equity issuances, and purchases, resulting
in the Company becoming a wholly owned subsidiary of a Dutch public limited liability company (“Pubco”), which will be formed
as part of the transaction.

<div align='center'>F-37

Report of Independent Registered Public Accounting Firm</div>

To the Quotaholders and Board of Directors of
Terra Innovatum S.R.L.

Opinion on the Financial Statements

We have audited the accompanying balance
sheets of Terra Innovatum S.R.L. ( the “Company”) as of December 31, 2024 and 2023, and the related statements of operations
and comprehensive loss, changes in quotaholders’ deficit, and cash flows for the years then ended, and the related notes (collectively
referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects,
the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for
the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Going Concern Matter

The accompanying financial statements have been
prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company
has suffered recurring losses from operations and negative cash flows from operations which raises substantial doubt about its ability
to continue as a going concern. Management’s plans in regard to