Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 68

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 68
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. The Exchange Act requires the filing of annual, quarterly and current
reports with respect to a public company’s business and financial condition. The Sarbanes-Oxley Act requires, among other things,
that a public company establish and maintain effective internal control over financial reporting. As a result, Terra will incur significant
legal, accounting and other expenses that Terra Innovatum did not previously incur. Terra’s entire management team and many of its
other employees will need to devote substantial time to compliance, and may not effectively or efficiently manage its transition into
a public company.

These rules and regulations will result in Terra
incurring substantial legal and financial compliance costs and will make some activities more time-consuming and costly. For example,
these rules and regulations will likely make it more difficult and more expensive for Terra to obtain director and officer liability insurance,
and it may be required to accept reduced policy limits and coverage or incur substantially higher costs to obtain the same or similar
coverage. As a result, it may be difficult for Terra to attract and retain qualified people to serve on its board of directors, its board
committees or as executive officers.

We are currently an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and to the extent we have taken advantage of certain exemptions from disclosure requirements available to emerging growth companies or smaller reporting companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.

We are currently an “emerging growth company”
within the meaning of the Securities Act, as modified by the JOBS Act, and we 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 of the Sarbanes-Oxley Act, reduced disclosure obligations
regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a non-binding
advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. As a result,
our shareholders may not have access to certain information they may deem important. We cannot predict whether investors will find our
securities less attractive because we will rely on these exemptions. If some investors find our securities less attractive as a result
of our reliance on these exemptions, the trading prices of our securities may be lower than they otherwise would be, there may be a less
active trading market for our