Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 44

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 warrants to purchase up to 1,841,750 ordinary shares at an exercise
price of $12.00 per share, and quarter warrants to purchase up to 920,875 ordinary shares at an exercise price of $16.00 per share. Additionally,
converted $5,690 in bridge loans into 851,483 ordinary shares at a conversion price of $7.00 per share.

●Issued bridge warrants to purchase 851,483 ordinary shares
at $11.50 per share and 851,483 ordinary shares at $15.00 per share, each exercisable for 36 months.

●Implemented governance structures including Audit, Compensation,
and Nominating/Corporate Governance Committees.

31

Conversion of Bridge Loans

Upon the closing of the Merger,
all outstanding bridge loans were converted into an aggregate of 851,483 ordinary shares of Terra Innovatum Global N.V. at a conversion
price of $7.00 per share. In connection with the conversion, the Company issued to the lenders:

●Warrants to purchase up to 851,483 ordinary shares at an
exercise price of $11.50 per share; and

●Warrants to purchase up to 851,483 ordinary shares at an
exercise price of $15.00 per share.

These warrants have a term
of 36 months from the date of issuance and were issued pursuant to the terms of the amended bridge loan agreements.

Cash Flows

The following table
provides detailed information about our net cash flows for the nine months ended September 30, 2025 and 2024:

    Nine Months Ended  September 30, 

    2025  
    2024 
  
    Net cash (used in) provided by : 

    Operating activities 
    $(3,688) 
    $12 
  
    Investing activities 
     (94) 
     - 
  
    Financing activities 
     5,759  
     - 
  
    Effect of exchange rate changes on cash and cash equivalents 
     105  
     - 
  
    Net increase in cash 
    $2,082  
    $12 

Net Cash used in Operating Activities

Net cash used in operating activities for the nine months
ended September 30, 2025 was $3,688. This amount was related to (i) a net loss of $5,580, (ii) adjustments to reconcile net
loss to net cash