Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 319

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 319
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. Following the closing of the Merger, the lenders will be issued Terra Global warrants to subscribe for up to a number underlying shares, with a range of 10% through 100% of new shares issued from the Bridge Loan Conversion. Such warrants, in aggregate, are exercisable for up to 960,794 ordinary shares of Terra Global at a subscription price of either $11.50 or $15.00 per share. These warrants are exercisable for either 36 or 48months from the closing of the Merger. The issuance of certain of these warrants is contingent upon meeting funding thresholds specified within those Bridge Loan agreements (the “Bridge Package”). Effective June6, 2025, the specified funding threshold of the Bridge Package was deemed completed. The lender is also entitled to a 3% commission on funds raised through the PIPE transaction, payable in cash or shares. Alliance Advisors, LLC Agreement On May9, 2025, we entered into an engagement letter with Alliance Advisors, LLC (“Alliance”) which outlines the terms under which Alliance will provide investor relations and advisory services to us starting May1, 2025. Alliance will implement a financial communications program and receive a monthly fee of approximately $16,500 consisting of $10,000 in cash and $6,500 deferred until the Merger closes. A $75,000 success fee is also due upon a successful Nasdaq listing. The agreement includes provisions for additional services, expense reimbursements, and a 3% service fee for access to market intelligence tools. The engagement letter expires on April30, 2026, however, has automatic annual renewals unless terminated with notice. If we do not complete the closing of the Merger by October31, 2025, we will pay the Deferred Monthly Fee in the aggregate amount of $39,000 by November 30th, 2025. 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