Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 329

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 329
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 share of the liquidation proceeds, whichever is greater. Following the closing of the Merger, the lenders will be issued Terra Global warrants to subscribe for up to a number underlying shares, with a range of 10% through 100% of new shares issued from the Bridge Loan Conversion. Such warrants, in aggregate, are exercisable for up to 960,794 ordinary shares of Terra Global at a subscription price of either $11.50 or $15.00 per share. These warrants are exercisable for either 36 or 48months from the closing of the Merger. The issuance of certain of these warrants is contingent upon meeting funding thresholds specified within those Bridge Loan agreements (the “Bridge Package”). Effective June6, 2025, the specified funding threshold of the Bridge Package was deemed completed. The lender is also entitled to a 3% commission on funds raised through the PIPE transaction, payable in cash or shares. Cash Flows The following table provides detailed information about our net cash flows for the three months ended March 31, 2025 and 2024:

| Net cash provided by (used in):                              |     | Three Months Ended 
 March 31,          
 2025               |          |   |     | 2024 |       |   |
|:-------------------------------------------------------------|:----|:-------------------|---------:|:--|:----|:-----|------:|:--|
| Operating activities                                         |     | $                  | (199,056 | ) |     | $    | 1,911 |   |
| Financing activities                                         |     |                    |  171,591 |   |     |      |     — |   |
| Effect of exchange rate changes on cash and cash equivalents |     |                    |    2,318 |   |     |      |  (194 | ) |
| Net (decrease) increase in cash                              |     | $                  |  (25,147 | ) |     | $    | 1,717 |   |

Net Cash used in Operating Activities Net cash provided by operating activities for the three months ended March31, 2025 was $199,056. This amount was related to (i) a net loss of $1,447,688; offset by (ii) working capital changes of $1,248,629; and (iii) $3 in changes in other non -currentliabilities. Net cash provided by operating activities for the three months ended March31, 2024