Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 305

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 305
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 will continue as a going concern and do not include any adjustments that might result from the outcome of this uncertainty. During the year ended December 31, 2024, we entered into the 2024 Loan, and on March 21, 2025, we entered into the 2025 Loan (see “Recent Developments” section above). As of March 31, 2025, quotaholders advanced a total of $286,881 related to the 2024 and 2025 Loan Agreements. On April 21, 2025, Terra, GRS III and other parties entered into the Merger Agreement (see “Recent Developments” section above). The Merger requires approval from GSR III shareholders and the satisfaction of other customary closing conditions. On May4, 2025, we entered into the Bridge Loan for up to $500,000, and on May6, 2025 amended it to convert the Bridge Loan into ordinary shares of Terra Global (the “Bridge Loan Conversion”) and to provide the lender with Terra Global warrants equal to 10% of new shares issued to purchase additional shares at $11.50 each (exercisable within 48months) and a 3% commission on funds raised through a related PIPE transaction, payable in cash or shares, if the Merger and Bridge Loan Conversion occur, among other amendments (see “Recent Developments” section above). Cash Flows The following table provides detailed information about our net cash flows for the years ended December 31, 2024 and 2023:

|                                                              |     | Year Ended December 31, 
 2024                    |         |   |     | 2023 |        |   |
|:-------------------------------------------------------------|:----|:------------------------|--------:|:--|:----|:-----|-------:|:--|
| Net cash (used in) provided by:                              |     |                         |         |   |     |      |        |   |
| Operating activities                                         |     | $                       | (41,192 | ) |     | $    | (3,889 | ) |
| Financing activities                                         |     |                         | 111,582 |   |     |      |      — |   |
| Effect of exchange rate changes on cash and cash equivalents |     |                         |  (3,133 | ) |     |      |     93 |   |
| Net increase (decrease) in cash                              |     | $                       |