Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 351

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 351
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                                         |     | $                       | (41,192 | )    |     | $ | (3,889 | ) |
| Financing activities                                         |     |                         | 111,582 |      |     |   |      — |   |
| Effect of exchange rate changes on cash and cash equivalents |     |                         |  (3,133 | )    |     |   |     93 |   |
| Net increase (decrease) in cash                              |     | $                       |  67,257 |      |     | $ | (3,796 | ) |

Net Cash used in Operating Activities Net cash used in operating activities for the year ended December 31, 2024 was $41,192. This amount was related to (i) a net loss of $33,581; (ii) working capital changes of $11,385; offset by (iii) $3,774 in changes in other non -currentliabilities. Net cash used in operating activities for the year ended December 31, 2023 was $3,889. This amount was related to (i) a net loss of $4,472; (ii) working capital changes of $1,478; offset by (iii) $2,061 in changes in other non -currentliabilities. Net Cash provided by Financing Activities Net cash provided by financing activities for the year ended December 31, 2024 consisted of proceeds of $111,582 from interest -freeloan agreement that we entered into with our shareholders on December 18, 2024. There were no financing activities for the year ended December 31, 2023. Critical Accounting Policies and Estimates Critical Accounting Policy: Warrants Our financial statements are prepared in accordance with U.S. GAAP. In connection with our financing activities, we have entered into bridge loan agreements that include detachable warrants. The accounting treatment for these instruments is governed by ASC 480 -10(Distinguishing Liabilities from Equity) and ASC 815 -40(Contracts in an Entity’s Own Equity). Based on the terms of the instruments, we first determine whether the warrants should be classified as equity or liability. Warrants that do not meet all criteria for equity classification are initially recorded at fair value, classified as a liability and subsequently remeasured at each reporting period. Warrants that meet all equity classification criteria are recorded at their initial fair value and recognized as a component of additional paid -incapital. This accounting policy is considered critical due to