Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 344

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 344
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 and $187,184 of miscellaneous expenses. We expect to continue to incur additional general and administrative expenses as a result of operating as a public company, including expenses related to compliance with the rules and regulations of the SEC and Nasdaq Stock Market, additional insurance costs, investor relations activities and other administrative and professional services. As a result, we expect general and administrative expenses to increase in absolute dollars in future periods. Development costs Development costs increased by $51,241 for the six months ended June 30, 2025 compared to the same period in 2024 primarily due to increases in travel and entertainment expenses.

173

Other income (expenses) Other income — related party Other income — related party decreased by $62,315 for the six months ended June 30, 2025 compared to the same period in 2024. We provided engineering consulting services unrelated to our core business during the six months ended June 30, 2024. No such services were provided during the six months ended June 30, 2025. Other expense Other expense increased by $55,307 during the six months ended June 30, 2025 compared to the same period in 2024. The increase was primarily due to $221,421 of foreign currency transaction losses and an increase of $2,873 of miscellaneous expenses, partially offset by $168,987 foreign currency transaction gains. Interest expense Interest expense totaled $189,010 for the six months ended June 30, 2025, attributable to the Bridge Loans. There was no interest expense during the same period in 2024. Change in fair value — warrant liability Our change in fair value — warrant liability consists of the change in fair value of certain Bridge Loan warrants, which were initially recorded at fair value as a warrant liability and were reclassified to permanent equity during the period. Net loss Net loss for the six months ended June 30, 2025 was $2,593,180 as compared to net income of $19,857 for the six months ended June 30, 2024. The $2,613,037 net change was due to an increase of $3,565,958 in loss from operations and an increase of $952,921 in other income, net. Year Ended December 31, 2024 Compared to Year Ended December 31, 2023 The following table sets forth our historical results for the periods indicated and the changes between periods:

|                                                   |     | Year Ended December 31, |     2024 |