Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 501

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 501
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 recognized for rent expense in the accompanying financial statements. Management has determined that the fair value of the contributed office space is not material to the financial statements. Note 5. Commitment and Contingencies On December 18, 2024, the Company entered into an engagement letter with Park Avenue Capital Group Corp. (“PAC”) to provide financial advisory services in connection with a potential business combination with a special purpose acquisition company (“SPAC”). Under the agreement, PAC 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, the Company has 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, the Company will be required to pay an announcement milestone fee of $225,000. Additionally, upon the closing of the business combination, PAC will be entitled to a cash success fee of $2,500,000, along with 623,000shares of the SPAC/combined entity’s common stock, subject to vesting conditions tied to shareholder milestones, and 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 the Company is responsible for reasonable, pre -approvedout -of -pocketexpenses incurred by PAC, capped at $50,000 unless otherwise agreed. Additionally, the Company has agreed to indemnify PAC for certain liabilities arising from its engagement. As of December 31, 2024, the Company has incurred $46,800 in advisory fees, related to the Retainer Fee and LOI Signature Fee. Future obligations under this agreement remain contingent upon the execution and closing of the business combination. Note 6. Prepaid expenses and other current assets Prepaid expenses and other current assets consisted of the following:

|                                                 |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid expenses                                |     | $ |       63,109 |     | $ |            — |
| Taxes receivables                               |     |   |          970 |     |