Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 13

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 Alliance
will provide investor relations and advisory services to the Company starting May 1, 2025. Alliance will implement a financial communications
program and receive a monthly fee of approximately $17 consisting of $10 in cash and $7 deferred until the Merger closes. A $75
success fee is also due upon a successful Nasdaq listing. The agreement includes provisions for additional services, expense reimbursements,
and a 3% service fee for access to market intelligence tools. The engagement letter expires on April 30, 2026, however, has automatic
annual renewals unless terminated with notice. If the Company does not complete the closing of the Merger by October 31, 2025, the
Company will pay the deferred monthly fee in the aggregate amount of $39 by November 30th, 2025. For the three and nine
months ended September 30, 2025, the Company has incurred $56 and $72 in fees, respectively.

Paragon Energy Solutions Agreement

On June 17, 2025, the Company
entered into an engineering services agreement with Paragon Energy Solutions (“Paragon”). The agreement outlines a time-and-materials
agreement for engineering study and support related to SOLO. Paragon will provide services including defining and documenting reactor
protection systems, engineered safety features actuation systems and nuclear instrumentation system requirements, developing specifications,
and collaborating with ABB Ltd. on non-safety distributed control systems. The contract allows the Company to suspend work if cost expectations
for FOAK and commercial units are misaligned. For the three and nine months ended September 30, 2025, the Company has incurred $51
in fees.

Senior Advisor Agreement

On August 21, 2025, the Company
entered into a senior advisor agreement with Alex Spiro who will engage as an independent contractor to serve as a strategic advisor and
promoter for the Company, particularly in connection with the Merger. The term of the agreement is 36 months and outlines Spiro’s
responsibilities, including strategic advisory, business development, investor introductions, and support for commercial agreements related
to SOLO. Compensation includes a one-time grant of 180,000 restricted shares in the post-combination public entity (vesting over 36 months)
and 1% commission on qualifying new business he originates.

Note 6. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted
of the following:

    September 30,
202