Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 337

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 337
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 supporting capital -raisinginitiatives. Compensation includes a grant, following the consummation of the Business Combination, of an option to purchase 1,068,000shares in the post -combinationpublic entity. The exercise price of the option will be determined by the PubCo’s board of directors at the time of grant and will vest in 30 equal monthly installments, subject to the fulfillment of key performance indicators. Senior Advisor Agreement On August21, 2025, we entered into a senior advisor agreement with Alex Spiro who will engage as an independent contractor to serve as a strategic advisor and promoter for the Company, particularly in connection with the Merger. The term of the agreement is 36months and outlines Mr.Spiro’s responsibilities, including strategic advisory, business development, investor introductions, and support for commercial agreements related to SOLO. Compensation includes a one -timegrant of 180,000 restricted shares in the post -combinationpublic entity (vesting over 36months) and 1% commission on qualifying new business he originates. We may enter into additional advisor agreements with other independent contractors to provide strategic advisory, business development, investor introductions, and support for commercial agreements related to SOLO. Compensation may include equity interests in the post -combinationpublic entity. Financial Performance For the six months ended June 30, 2025 and 2024, we reported a net loss of $2,593,180 and net income of $19,857, respectively. Net cash used in operating activities was $1,371,162 for the six months ended June 30, 2025, and net cash provided by operating activities was $2,347 for the six months ended June 30, 2024. As noted in our financial statements, we had an accumulated deficit of $2,630,042 as of June 30, 2025. For the years ended December 31, 2024 and 2023, we reported a net loss of $33,581 and $4,472, respectively. Net cash used in operating activities was $41,192 and $3,889 for the years ended December 31, 2024 and 2023, respectively. As noted in our financial statements, we had an accumulated deficit of $36,862 and $3,281 as of December 31, 2024 and 2023, respectively. Business Combination and Public Company Costs On December 18, 2024, we entered into an engagement letter with Park Avenue