Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 8

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 both included in the Terra Innovatum Global S.R.L. Form S-4 Amendment No. 5 filed September
11, 2025 except for the accounting policies listed below.

The accompanying financial statements have been
prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

Basis of Presentation

In the opinion of the Company, the accompanying
consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation
of its financial position and its results of operations, changes in quotaholders’ deficit and cash flows. The consolidated financial
statements include the financial statements of Terra Innovatum Global, Srl., Terra Innovatum, Srl. and GSR III Cayman Merger Sub. All
intercompany balances and transactions have been eliminated. Certain information and note disclosures normally included in the financial
statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. The balance sheet as of December 31,
2024, was derived from the Terra Innovatum, Srl. audited annual financial statements but does not contain all of the footnote disclosures
from the annual financial statements. The accompanying unaudited consolidated financial statements and related financial information should
be read in conjunction with the Terra Innovatum, Srl. audited financial statements and the related notes thereto for the fiscal year ended
December 31, 2024, and the Terra Innovatum Global, Srl. audited financial statements and the related notes thereto as of April 29,
2025 and for the period from April 29, 2025 (inception) and ended April 29, 2025, which provide a more complete discussion of
the Company’s accounting policies and certain other information. The interim results for the nine months ended September 30, 2025,
are not necessarily indicative of the results to be expected for the year ending December 31, 2025, or for any future periods.

Beginning with this quarterly report on Form 10-Q
for the three and nine months ended September 30, 2025, the Company has elected to present all dollar amounts rounded to the nearest thousand
dollars, unless otherwise indicated. In prior periods, including those presented in the Form S-4 Amendment No. 5 filed on September 11,
2025, financial information was presented in whole dollars. This change has been made to enhance the readability and consistency of financial
disclosures. As