Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 84

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 84
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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 (“PAC”) which was immediately superseded by an agreement to appoint Moonshot Warehouse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 were required to pay
an announcement milestone fee of $225,000. Additionally, upon the closing of the business combination, Moonshot was entitled to (i) a
cash success fee of $2,500,000, (ii) 623,000 shares of the SPAC/combined entity’s ordinary shares, of which 223,000 shares
were issued at the time of the closing of the business combination and the remaining 400,000 shares 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-approved out-of-pocket expenses incurred by Moonshot, capped at $50,000
unless otherwise agreed.

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