Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 471

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 471
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 9. Quotaholders’ Deficit The Company is an Srl., which is an Italian limited liability company similar to a limited liability company in the United States. Unlike corporations that issue shares of stock, the Company’s Articles of Incorporation designate ownership in the form of quotas, which represent its corporate capital.

F-46

Terra Innovatum, Srl.
Notes to the Financial Statements
(Unaudited) Note 9. Quotaholders’ Deficit (cont.) Corporate Capital As an Srl., the Company’s ownership structure is defined by “corporate capital” and “quotas” rather than shares, stock or units. As of March 31, 2025 and December31, 2024, the total authorized, subscribed and paid -upcapital was $3,160, consisting of quotas from founders and investors. Voting rights are proportional to the percentage of quotas owned, and members are entitled to a share of profit and losses based on their ownership percentage. In March 2024, certain quotaholders transferred portions of their holdings to new and existing quotaholders, resulting in a revised ownership structure. No additional contributions or quota issuance have occurred through March31, 2025 or the year ended December31, 2024. The transfer of quotas is subject to member approval, as outlined in the Company’s articles of incorporation. No dividends or distributions were declared for the year, in accordance with Italian regulations for early -stage“start -upinnovative” companies. Note 10. Segment Information When evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

| Operating expenses:        |     | Three Months Ended 
 March 31,          
 2025               
 (Unaudited)        |         |     | 2024 |        |
|:---------------------------|:----|:-------------------|--------:|:----|:-----|-------:|
| General and administrative |     | $                  | 447,935 |     | $    |  1,088 |
| Development costs          |     |                    |  32,485 |     |      | 11,995 |
| Total operating expenses   |     | $                  | 480,420 |     | $    | 13,083 |

The key measures of segment profit or loss reviewed by the CODM are general and administrative expenses and development costs. General and administrative expenses and development costs are reviewed and monitored by the