Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 0

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1. Financial Statements.

Terra Innovatum Global, N.V.
(formerly Terra Innovatum Global, Srl.)
Consolidated Balance Sheets
(Unaudited) (all amounts in USD)(in thousands)

    September 30,  
    December 31, 

    2025  
    2024 
  
    Assets 

    Current assets: 

    Cash and cash equivalents 
    $2,151  
    $69 
  
    Deferred transaction costs 
     1,114  
              - 
  
    Prepaid expenses and other current assets 
     385  
     65 
  
    Total current assets 
     3,650  
     134 
  
    Equipment, net 
     98  
     - 
  
    Total assets 
    $3,748  
    $134 
  
    Liabilities and quotaholders’ deficit 

    Current liabilities: 

    Accounts payable 
    $3,708  
    $32 
  
    Accrued expenses and other current liabilities 
     221  
     21 
  
    Bridge loans, net 
     3,557  
     - 
  
    Total current liabilities 
     7,486  
     53 
  
    Related party loan, non-current 
     325  
     107 
  
    Other non-current liabilities 
     167  
     6 
  
    Total liabilities 
     7,978  
     166 
  
    Commitments and contingencies (Note 5) 

    Quotaholders’ deficit: 

    Corporate capital 
     15  
     3 
  
    Additional paid-in capital 
     1,402  
     - 
  
    Accumulated deficit 
     (5,617) 
     (37)
  
    Accumulated other comprehensive income 
     (30) 
     2 
  
    Total quotaholders’ deficit 
     (4,230) 
     (32)
  
    Total liabilities and quotaholders’ deficit 
    $3,748  
    $134 

The accompanying notes are an integral part
of these unaudited consolidated financial statements.

1

Terra Innovatum Global N.V. 
(formerly Terra
Innovatum Global, Srl.)  Consolidated Statements of Operations and Comprehensive (Loss)