Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 248

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 248
---
|:-------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Prepaid expenses         |     | $ |       63,109 |     | $ |            — |
| Taxes receivables        |     |   |          970 |     |   |        1,367 |
| Total prepaid expenses   
 and other current assets |     | $ |       64,079 |     | $ |        1,367 |

<div align='center'>F-47

Terra Innovatum, Srl.
Notes to the Financial Statements</div>

Note 7. Accrued Expenses and other current liabilities

Accrued expenses and other current liabilities
consisted of the following:

|                               |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Wages payable                 |     | $ |       10,070 |     | $ |        7,603 |
| Taxes payable                 |     |   |       10,395 |     |   |        1,435 |
| Other                         |     |   |           58 |     |   |           24 |
| Total accrued expenses        
 and other current liabilities |     | $ |       20,523 |     | $ |        9,062 |

Note 8. Other Non-Current Liabilities

Other non-current liabilities consist of Trattamento
di Fine Rapporto (“TFR”) liability of $5,585 and $2,103 as of December 31, 2024, and December 31, 2023, respectively.
TFR represents a defined-benefit plan in Italy, a legally required end-of-service allowance, paid regardless of the reason for the employee’s
departure from the company. The annual accrual is approximately 7% of total pay, with no ceiling, and is revalued each year by applying
a pre-established rate of return of 1.50%, plus 75% of the Consumer Price Index, and is recorded by a book reserve. TFR is an unfunded
plan.

Note 9. Quotaholders’ Deficit

The Company is an Srl., which is an Italian limited
liability company similar to a limited liability company in the United States. Unlike corporations that issue