Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 511

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 511
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 classification criteria under ASC 815 -40. After all relevant assessments, the Company concludes whether the warrants are classified as a liability or equity. Liability classified warrants require fair value accounting at issuance and subsequent to initial issuance, with all changes in fair value after the issuance date recorded in the consolidated statements of operations and comprehensive loss. Equity classified warrants only require fair value accounting at issuance with no changes in fair value recognized subsequent to the issuance date. Other Income — Related Party Other income — related party consists of engineering consulting services provided to related parties that are unrelated to the Company’s core business. This income is recognized as the related performance obligations are satisfied. Refer to Note 4 - Related Party Transactions for further details. F-58 Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited) Note 3. Summary of Significant Accounting Policies (cont.) Segments ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance. For the six months ended June 30, 2025 and 2024, the Company was managed as a single operating segment in accordance with the provisions in the Financial Accounting Standards Board (“FASB”) guidance on segment reporting, which establishes standards for, and requires disclosure of, certain financial information related to reportable operating segments and geographic regions. Furthermore, the Company determined that a committee comprised of our Chief Executive Office (“CEO”) and founding officers are the Chief Operating Decision Makers as this committee is responsible for making decisions regarding the allocation of resources and assessing performance as well as for strategic operational decisions and managing the organization as a whole. Development Costs The Company expenses development costs as incurred. Development costs consist primarily of personnel costs, including salaries and benefits. The Company incurred $88,654 and $37,413 of development costs for the six months ended June 30, 2025 and 2024, respectively. Deferred Transaction Costs The Company records deferred transaction costs, which consist of legal and accounting fees related to the preparation of the Merger. The deferred transaction costs will be offset against proceeds from the transaction upon the effectiveness of the Merger. As of June 30, 2025 and December 31, 2024, $593,232 and $0 of deferred