Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 88

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 88
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 parties that are unrelated to our core business. We do not expect to earn
these fees following the Business Combination.

Other income (expenses)

Our other income (expenses) consists primarily of
foreign currency transaction gains and losses and interest on value added tax.

Interest expense

Our interest expense consists of interest recorded
for the outstanding Bridge Loans.

Change in fair value — warrant liability

Our change in fair value — warrant
liability consists of the change in fair value of certain Bridge Loan warrants, which were initially recorded at fair value as a warrant
liability.

Results of Operations

Six Months Ended June 30, 2025 Compared to Six Months Ended June 30, 2024

The following table sets forth our historical results
for the periods indicated and the changes between periods:

| Operating expenses:                               |     | Six Months Ended June 30, 
 2025                      |            |   |     | 2024 |         |   |     | $ Variance |            |   |     | % Variance |      |    |
|:--------------------------------------------------|:----|:--------------------------|-----------:|:--|:----|:-----|--------:|:--|:----|:-----------|-----------:|:--|:----|:-----------|:-----|:---|
| General and administrative                        |     | $                         |  3,519,728 |   |     | $    |   5,011 |   |     | $          |  3,514,717 |   |     |            | NM   |    |
| Development costs                                 |     |                           |     88,654 |   |     |      |  37,413 |   |     |            |     51,241 |   |     |            | NM   |    |
| Total operating expenses                          |     |                           |  3,608,382 |   |     |      |  42,424 |   |     |            |  3,565,958 |   |     |            | NM   |    |
| Loss from operations                              |     |                           | (3,608,382 | ) |     |      | (42,424 | ) |     |            | (3,565,958 | ) |     |            | NM   |    |
| Other income (expenses):                          |     |                           |            |   |     |      |         |   |     |            |