Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 340

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 340
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 had an accumulated deficit of $36,862 and $3,281 as of December 31, 2024 and 2023, respectively. Business Combination and Public Company Costs On December 18, 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 (“PAC”) which was immediately superseded by an agreement to appoint Moonshot Warehouse LTD (“Moonshot”), an affiliate of PAC to provide financial advisory services in connection with the Merger.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. 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 shall be issued in four tranches, subject to vesting conditions tied to certain milestones, and (iii) one million warrants with a strike price of $7 per share, exercisable within 60 months from the business combination closing date. The agreement includes an expense reimbursement provision, under which we are responsible for reasonable, pre -approvedout -of -pocketexpenses incurred by Moonshot, capped at $50,000 unless otherwise agreed. 169 Additionally, we have agreed to indemnify Moonshot for certain liabilities arising from its engagement. Key Factors and Trends Affecting Our Business and Results of Operations We believe the following factors and trends may cause previously reported financial information not to be necessarily indicative of future operating results or future financial conditions: • Product Development Plan The commercial rollout of any advanced nuclear reactors depends on securing regulatory approvals for its design, construction, and operation. Our regulatory engagement plan was submitted to the NRC, and the NRC is currently reviewing a number of safety related topics related to SOLO. Although our team has significant prior experience working with the NRC, we cannot control NRC’s review