Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 242

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 242
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 $1,677 in cash
as of December 31, 2024 and 2023, respectively. The Company had no cash equivalents as of December 31, 2024 and 2023.

Use of Estimates

The preparation of financial statements in conformity
with U.S. GAAP requires management to make certain estimates, judgments and assumptions. The Company believes that the estimates,
judgments and assumptions made when accounting for items and matters such as, but not limited to, equity-based compensation and contingencies
are reasonable, based on information available at the time they are made. These estimates, judgments and assumptions can affect the reported
amounts of assets and liabilities as of the date of the financial statements, as well as amounts reported on the statements of operations
during the years presented. Actual results could differ from those estimates.

<div align='center'>F-43

Terra Innovatum, Srl.
Notes to the Financial Statements</div>

Note 3. Summary of Significant Accounting Policies(cont.)

Foreign Currency Translation

The Company’s reporting currency is the
United States Dollar (“US$”), while its functional currency is the Euro (“€”), which it uses for conducting
business and maintaining its books and records. The accompanying financial statements are presented in US$.

In accordance with ASC 830-30, Translation of Financial Statements, the Company translates assets and liabilities from its functional currency into US$ using the exchange rate
at the balance sheet date. Revenues and expenses are translated at the average exchange rate for the reporting period. Translation gains
and losses are recorded as a separate component of accumulated other comprehensive income (AOCI) within the statements of changes in
quotaholders’ deficit.

Cash flows are translated at average exchange
rates for the reporting period. As a result, the amounts presented in the statements of cash flows may not directly reconcile with the
corresponding changes in balances reported on the balance sheets.

Comprehensive Income (Loss)

ASC 220, Comprehensive Income, establishes
standards for reporting and display of comprehensive income or loss, its components and accumulated balances. Comprehensive income or
loss as defined includes all changes in equity during a period from non-owner sources. Accumulated comprehensive income (loss),
as presented in the accompanying statements of changes in quotaholders’ deficit, consists of changes in unrealized gains and losses
on foreign currency translation.

Net loss per share

The Company is a limited liability company (Srl.)
under Italian law and does not issue traditional shares. Instead, ownership is divided