Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 21

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 21
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 Factors” beginning on                                                                                                         
 page 6 and other information included in this registration statement for a discussion of factors you should carefully consider before   
 deciding to invest in the securities being offered by this registration statement.                                                      |

<div align='center'>5

RISK FACTORS</div>

Investing in our securities
involves a high degree of risk. Before making an investment decision, you should consider carefully the following risk factors, as well
as the other information set forth in this registration statement, including matters addressed in the section of this registration statement
titled “Cautionary Note Regarding Forward-Looking Statements.” If any of these risks actually occur, it may materially
harm our business, financial condition, liquidity and results of operations. As a result, the market price of our securities could decline,
and you could lose all or part of your investment. Additionally, the risks and uncertainties described in this registration statement,
any prospectus supplement, any post-effective amendment or in any document incorporated by reference herein or therein are not the only
risks and uncertainties that we face. We may face additional risks and uncertainties that are not presently known to us, or that we currently
deem immaterial. The following discussions should be read in conjunction with our financial statements and the notes to the financial
statements included herein.

Risks Related to Terra Innovatum’s Business

We are a holding company with no direct operations that relies on dividends, distributions, loans and other payments, advances and transfers of funds from our operating subsidiary, Terra Innovatum s.r.l., an Italian limited liability company (Italian Società a responsabilità limitata) (“ Terra OpCo”), to pay dividends, pay expenses and meet our other obligations. Accordingly, our securityholders are subject to all of the risks of Terra OpCo’s business upon the Closing.

Throughout this section, unless otherwise noted, “Terra Innovatum,” “we,” “us” or “our” refers to Terra Innovatum Global N.V. and our consolidated subsidiaries, including Terra OpCo.

Risks Relating to Terra Innovatum’s Business

We have incurred losses and have not generated any revenue since our inception. We anticipate that we will continue to incur losses, and expect that we will not generate revenue, for the foreseeable future.

Since inception, we
have incurred significant operating losses, and have an accumulated deficit of $2,630,042 as of June 30, 2025 and negative operating
cash flow in the first six months of 2025 and