Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 291

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 291
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 | 11.5 |
| 6/9/2025      |     |           4 |     | Equity         |     |                 |  62,877 |     | $              | 11.5 |

Note 12. Segment Information

When evaluating the Company’s performance
and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

| Operating expenses:        |     | Six Months Ended 
 June 30,         
 2025             
 (Unaudited)      |           |     | 2024 |        |
|:---------------------------|:----|:-----------------|----------:|:----|:-----|-------:|
| General and administrative |     | $                | 3,519,728 |     | $    |  5,011 |
| Development costs          |     |                  |    88,654 |     |      | 37,413 |
| Total operating expenses   |     | $                | 3,608,382 |     | $    | 42,424 |

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 and forecast 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.

Note 13. Income Taxes

The Company recorded no provision for income
taxes for the six months ended June 30, 2025 and 2024.

Deferred tax assets and deferred tax liabilities
are recognized based on temporary differences between the financial reporting and tax basis of assets and liabilities using statutory
rates. Management of the Company has evaluated the positive and negative evidence bearing upon the realizability of its deferred tax assets.
Under the applicable accounting standards, management has considered the Company’s history of losses and concluded that it is more
likely than not that the Company will not recognize the benefits of the deferred tax assets. Accordingly, a full valuation allowance has
been established against the Company’s otherwise recognizable net deferred tax assets.

<div align='center'>F-65

Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited)</div>

Note 14. Subsequent Events

The Company has evaluated subsequent events through