Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 19

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 Offset Accumulated
Deficit

In accordance with Article
2430 of the Italian Civil Code and subject to approval by the quotaholders, the Company applied a portion of its FY 2024 net profit to
offset the accumulated deficit from FY 2023. This reallocation was made prior to any appropriations to statutory reserves and was executed
following the legal sequence prescribed by Italian law. The transaction did not involve cash and is recorded as a non-cash equity reclassification
within retained earnings.

Warrants

As of September 30, 2025,
all of the Company’s warrants are classified as permanent equity in accordance with ASC 815-40-25.  As of that date, the
Company had the following equity-classified warrants related to the Bridge Loan (also see Note 8 — Bridge Loans and Warrants):

           Shares Issuable   Weighted      Contractual Term  Balance Sheet  Upon Exercise of   Average Exercise   Issuance Date  (in years)  Classification  Warrant   Price   5/20/2025  3  Equity   30,286   $13.25   5/6/2025  3  Equity   150,762   $13.25   5/23/2025  3  Equity   75,304   $13.25   5/22/2025  3  Equity   602,662   $13.25   5/4/2025  3  Equity   150,606   $13.25   5/30/2025  3  Equity   75,156   $13.25   6/6/2025  3  Equity   44,882   $13.25   6/5/2025  3  Equity   29,910   $13.25   6/9/2025  3  Equity   252,032   $13.25   6/6/2025  3  Equity   17,954   $13.25   6/5/2025  3  Equity   75,098   $13.25   8/29/2025  3  Equity   14,