Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 219

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 219
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 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. 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 December 31, 2024 and 2023, the total authorized, subscribed and paid-up capital 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 during the year ending December 31, 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-up innovative” 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:

|                                     |     | Years Ended  
 December 31, |    2024 |     |   |   2023 |
|:------------------------------------|:----|:-------------|--------:|:----|:--|-------:|
| General and administrative expenses |     | $            |  77,567 |     | $ |  2,358 |
| Development costs                   |     |              |  74,736 |     |   | 41,344 |
| Total operating expenses            |     | $            | 152,303 |     | $ | 43,702 |

F-48 Terra Innovatum, Srl.
Notes to the Financial Statements

Note 11. Income Taxes

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 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.

The Company is domiciled in Italy and is primarily