Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 328

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 328
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 2026, with early repayment allowed without penalty. On July1, 2025, Terra Global drew down a first tranche of $177,045 (€150,000 EUR). Financial Performance For the three months ended March31, 2025 and 2024, we reported a net loss of $1,447,688 and $73, respectively. Net cash used in operating activities was $199,056 for the three months ended March31, 2025, and net cash provided by operating activities was $1,911 for the three months ended March31, 2024. As noted in our financial statements, we had an accumulated deficit of $1,484,550 as of March31, 2025. For the years ended December31, 2024 and 2023, we reported a net loss of $33,581 and $4,472, respectively. Net cash used in operating activities was $41,192 and $3,889 for the years ended December31, 2024 and 2023, respectively. As noted in our financial statements, we had an accumulated deficit of $36,862 and $3,281 as of December31, 2024 and 2023, respectively. Business Combination and Public Company Costs On December18, 2024, we entered into an engagement letter with Park Avenue Capital Group Corp. (“PAC”) which was immediately superseded by an agreement to appoint Moonshot Warehouse LTD (“Moonshot”), an affiliate of PAC to provide financial advisory services in connection with the Merger. Under the agreement, Moonshot is engaged to assist with negotiation, structuring, and execution of the business combination, preparation of marketing materials, and securing potential backstop financing. 165 Pursuant to the agreement, we have committed to a retainer fee of $50,000, payable upon execution of the engagement letter, and a LOI signature fee of $25,000, payable upon signing a mutually exclusive letter of intent with a SPAC. Upon the public announcement of the business combination, we will be required to pay an announcement milestone fee of $225,000. Additionally, upon the closing of the business combination, Moonshot will be entitled to (i) a cash success fee of $2,500,000, (ii) 623,000shares of the SPAC/combined entity’s ordinary shares, of which 223,000shares shall be issued at the time of the closing of the business combination and the remaining 400,000shares