Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 333

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 333
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 in connection with the potential SPAC transaction discussed in the “Business Combination and Public Company Costs” section above, and $79,082 of miscellaneous expenses. We expect to continue to incur additional general and administrative expenses as a result of operating as a public company, including expenses related to compliance with the rules and regulations of the SEC and Nasdaq Stock Market, additional insurance costs, investor relations activities and other administrative and professional services. As a result, we expect general and administrative expenses to increase in absolute dollars in future periods. Development costs Development costs increased by $20,490 for the three months ended March31, 2025 compared to the same period in 2024 due to increases in travel and entertainment expenses, salary expense, and other personnel costs. Other income (expenses) Other income — related party Other income — related party decreased by $13,032 for the three months ended March31, 2025 compared to the same period in 2024. We provided engineering consulting services unrelated to our core business during the three months ended March31, 2024. No such services were provided during three months ended March31, 2025.

169

Other (expenses) income Other income (expense) increased by $1,080 during the three months ended March31, 2025 compared to the same period in 2024. The increase was primarily due to $1,484 of net of net foreign currency transaction gains, partially offset by $382 of foreign currency transaction losses and a decrease of interest on value added tax of $22. Net loss Net loss for the three months ended March31, 2025 was $1,447,688 as compared to net loss of $73 for the three months ended March31, 2024. The change was due to an increase of $1,435,663 in loss from operations and a decrease of $11,952 in other income, net. Year Ended December 31, 2024 Compared to Year Ended December 31, 2023 The following table sets forth our historical results for the periods indicated and the changes between periods:

|                                                   |     | Year Ended December 31, |     2024 |   |     |   |    2023 |   |     |   | $ Variance |   |     |     | % Variance |
|:--------------------------------------------------|:----|:------------------------|---------:|:--|:----|:--|--------:|:--|:----|:--|-----------:|: