Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 213

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 213
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 Company’s assessment of going concern considerations in accordance with Financial Accounting Standard Board’s
Accounting Standards Update 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,”
we have determined that mandatory liquidation, should we not complete a Business Combination and an extension of our deadline to do so
not be approved by the shareholders of the Company, and potential subsequent dissolution and the liquidity issue raise substantial doubt
about the Company’s ability to continue as a going concern if it does not complete a Business Combination.

As
of June 30, 2025, the Company had $862,127 in its operating bank account and working capital of $91,046. The Company has incurred and
expects to incur significant costs to operate as a publicly traded company, to evaluate business opportunities, and to close on a Business
Combination. Such costs will be incurred prior to generating any operating revenues. These factors also raise substantial doubt about
the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued.

Management
plans to complete a Business Combination before the mandatory liquidation date and anticipates that the Company will have sufficient liquidity
to fund its operations until then. However, there can be no assurance that we will be able to consummate a Business Combination (including
the potential Business Combination described above) within the required timeframe or that liquidity will be sufficient to fund operations.
The financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities
that might be necessary should the Company be unable to continue as a going concern.

Risks and Uncertainties

Management
continues to evaluate the impact of significant global events such as the Russia/Ukraine and Israel/Palestine conflicts, on the
industry and has concluded that while it is reasonably possible that these could have a negative effect on the Company’s
financial position, results of its operations and/or search for a target company, the specific impact is not readily determinable as
of the date of these financial statements. The financial statements do not include any adjustments that might result from the
outcome of this uncertainty.

<div align='center'>F-9

GSR III ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
(Unaudited)</div>

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying financial
statements are presented in conformity with accounting principles generally