Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 306

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 306
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  67,257 |   |     | $    | (3,796 | ) |

154 Net Cash used in Operating Activities Net cash used in operating activities for the year ended December 31, 2024 was $41,192. This amount was related to (i) a net loss of $33,581; (ii) working capital changes of $11,385; offset by (iii) $3,774 in changes in other non -currentliabilities. Net cash used in operating activities for the year ended December 31, 2023 was $3,889. This amount was related to (i) a net loss of $4,472; (ii) working capital changes of $1,478; offset by (iii) $2,061 in changes in other non -currentliabilities. Net Cash provided by Financing Activities Net cash provided by financing activities for the year ended December 31, 2024 consisted of proceeds of $111,582 from interest -freeloan agreement that we entered into with our shareholders on December 18, 2024. There were no financing activities for the year ended December 31, 2023. Critical Accounting Policies and Estimates Our financial statements are prepared in accordance with the U.S. GAAP. The preparation of our financial statements and related disclosures requires us to make estimates and judgments that affect the reported amounts of assets, liabilities and costs and expenses in our financial statements. We base our estimates on factors we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. We evaluate our estimates and assumptions on an ongoing basis. Our actual results may differ from these estimates under different assumptions or conditions. While our significant accounting policies are described in Note 3. “Summary of Significant Accounting Policies” of the Notes to our Financial Statements included elsewhere of this proxy statement/prospectus, we do not have any a critical accounting estimates that involved a significant level of estimation uncertainty and have had or are reasonably likely to have a material impact on our financial statements. Off-Balance Sheet Arrangements We do not have any off -balancesheet arrangements (as that term is defined in Item 303 of Regulation S -K) that are reasonably likely to have a current or future material effect on our financial condition, expenses, results of operations, liquidity, or capital resources. Related Party Transactions Refer to Note 4. “Related Party Transactions” of the Notes to our Financial