Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 70

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 2
Chunk 70
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Section 102(b)(1) of the Jumpstart Our
Business Startups Act (“JOBS Act”) exempts emerging growth companies from being required to comply with new or revised financial
accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective
or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended) are required to
comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended
transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable.
Until the company is considered to be an emerging growth company, the company has elected not to opt out of such extended transition period
which means that when an accounting standard is issued or revised and it has different application dates for public or private companies,
the company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised
standard.

We are also a “smaller
reporting company” as defined in the Securities Exchange Act of 1934. We may continue to be a smaller reporting company
even after we are no longer an emerging growth company. We may take advantage of certain of the scaled disclosures available to smaller
reporting companies until the fiscal year following the determination that our voting and non-voting ordinary shares held by non-affiliates
is $250,000 or more measured on the last business day of our second fiscal quarter, or our annual revenues are less than $100,000
during the most recently completed fiscal year and our voting and non-voting ordinary shares held by non-affiliates is $700,000 or more
measured on the last business day of our second fiscal quarter.

Segment Reporting

We operate as one operating segment with a focus
on nuclear energy. 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.

Results of Operations

The period to period comparisons of our results
of operations have been prepared using the historical periods included in our financial statements. The following discussion should be
read in conjunction with the financial statements and related notes included elsewhere in this Form 10-Q.

Key Components of