Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 523

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 523
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88,654 |     |      | 37,413 |
| Total operating expenses   |     | $                         | 3,608,382 |     | $    | 42,424 |

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 CODM to manage and forecast cash to ensure enough capital is available to complete a potential business combination with a SPAC. The CODM also reviews general and administrative and development costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. Note 13. Income Taxes The Company recorded no provision for income taxes for the six months ended June 30, 2025 and 2024. Deferred tax assets and deferred tax liabilities are recognized based on temporary differences between the financial reporting and tax basis of assets and liabilities using statutory rates. Management of the Company has evaluated the positive and negative evidence bearing upon the realizability of its deferred tax assets. Under the applicable accounting standards, management has considered the Company’s history of losses and concluded that it is more likely than not that the Company will not recognize the benefits of the deferred tax assets. Accordingly, a full valuation allowance has been established against the Company’s otherwise recognizable net deferred tax assets.

F-65 Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited) Note 14. Subsequent Events The Company has evaluated subsequent events through the date the financial statements were available to be issued, and determined that there have been no events that have occurred that would require adjustments to disclosures in the financial statements other than the following: Engineering Services Agreement On July 11, 2025, the Company entered into an engineering services agreement with Nine, a related party, to support the design of the SOLO project. Per the terms of the agreement, Nine committed to deliver certain technical services to the Company with a total value of $214,563 (€183,560 Euros) plus value added tax (“VAT”), including an initial payment of $107,282 (€91,780 Euros) due by July 15, 2025. August Bridge Loans In July 2025, three lenders committed to loan to us $130,000, in the aggregate, to be evidenced by unsecured debt note subscription agreements (the “August 2025 Bridge Loans”). On August29, 2025, each of the lenders entered into an unsecured debt note