Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 388

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 388
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,902, partially offset by loss from operations of $535,072 consisting of general and administrative expenses. For the six months ended June 30, 2025, we had a net income of $3,065,850, which consisted of non -operatingincome earned on the Trust Account and operating account of $4,861,187, partially offset by loss from operations of $1,795,337 consisting of general and administrative expenses. For the three and six months ended June 30, 2024, we had a net loss of $30,425, which consisted of loss from operations consisting of general and administrative expenses. Contractual Obligations Administrative Services Agreement Commencing on November 8, 2024, the Company has entered into an agreement to pay the Sponsor a total of up to $55,556 per month for office space and administrative and support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees. For the three and six months ended June 30, 2025, the Company incurred $166,668 and $333,336 in fees for these services, respectively, which are included within general and administrative expenses in the statements of operations (none for the three and six months ended June 30, 2024). There were no related amounts payable as of June 30, 2025 and December 31, 2024. Promissory Note — Related Party During June 2024, the Sponsor agreed to loan the Company up to $300,000 pursuant to a promissory note (the “Note”). The Note was non -interestbearing, unsecured and became due on November 8, 2024 upon the closing of the Initial Public Offering. During the year ended December 31, 2024, the Company borrowed $132,984 under the Note to pay for offering costs, of which $98,228 was settled through risk capital funding and $34,756 was repaid from the proceeds of the Initial Public Offering placed in the Trust Account. The risk capital used to settle a portion of the Note is part of the private placement units issued contemporaneously with the Initial Public Offering and hence included as part of additional paid -incapital in the statements of changes in shareholders’ deficit. As of June 30, 2025 and December 31, 2024, the Company had no outstanding balance under the Note. Working Capital Loans In addition, in order to finance transaction costs in connection with a Business