Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 499

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 499
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 Ended  
 December 31, |    2024 |     |   |   2023 |
|:------------------------------------|:----|:-------------|--------:|:----|:--|-------:|
| General and administrative expenses |     | $            |  77,567 |     | $ |  2,358 |
| Development costs                   |     |              |  74,736 |     |   | 41,344 |
| Total operating expenses            |     | $            | 152,303 |     | $ | 43,702 |

F-47

Terra Innovatum, Srl.
Notes to the Financial Statements Note 11. Income Taxes The key measures of segment profit or loss reviewed by the CODM are general and administrative expenses and development costs. General and administrative expenses and development costs are reviewed and monitored by the CODM to manage cash to ensure enough capital is available to complete a potential business combination with a SPAC. The CODM also reviews general and administrative and development costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. The Company is domiciled in Italy and is primarily subject to taxation in that country. Income (loss) before provision for income taxes consisted of the following:

|                                        |     | Years Ended December 31, 
 2024                     |         |   |     | 2023 |        |   |
|:---------------------------------------|:----|:-------------------------|:--------|:--|:----|:-----|:-------|:--|
| Loss before provision for income taxes |     | $                        | (23,207 | ) |     | $    | (4,799 | ) |

The provision for income taxes for the years ended December 31, 2024 and 2023 consisted of the following:

|                                        |     | Years Ended December 31, 
 2024                     |        |     | 2023 |      |   |
|:---------------------------------------|:----|:-------------------------|-------:|:----|:-----|:-----|:--|
| Current income tax (benefit) expense:  |     | $                        | 10,374 |     | $    | (327 | ) |
| Deferred income tax (benefit) expense: |     |                          |      — |     |      | —    |   |
| Total income tax provision (benefit)   |     | $                        |