Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 91

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 91
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 fair value — warrant liability

Our change in fair value — warrant
liability consists of the change in fair value of certain Bridge Loan warrants, which were initially recorded at fair value as a warrant
liability and were reclassified to permanent equity during the period.

Net loss

Net loss for the six months ended June 30,
2025 was $2,593,180 as compared to net income of $19,857 for the six months ended June 30, 2024. The $2,613,037 net change was
due to an increase of $3,565,958 in loss from operations and an increase of $952,921 in other income, net.

Year Ended December 31, 2024 Compared to Year Ended December 31, 2023

The following table sets forth
our historical results for the periods indicated and the changes between periods:

|                                                   |     | Year Ended December 31, |     2024 |   |     |   |    2023 |   |     |   | $ Variance |   |     |     | % Variance |   |
|:--------------------------------------------------|:----|:------------------------|---------:|:--|:----|:--|--------:|:--|:----|:--|-----------:|:--|:----|:----|-----------:|:--|
| Operating expenses:                               |     |                         |          |   |     |   |         |   |     |   |            |   |     |     |            |   |
| General and administrative                        |     | $                       |   77,567 |   |     | $ |   2,358 |   |     | $ |     75,209 |   |     |     |        N/M |   |
| Development costs                                 |     |                         |   74,736 |   |     |   |  41,344 |   |     |   |     33,392 |   |     |     |         81 | % |
| Total operating expenses                          |     |                         |  152,303 |   |     |   |  43,702 |   |     |   |    108,601 |   |     |     |        N/M |   |
| Loss from operations                              |     |                         | (152,303 | ) |     |   | (43,702 | ) |     |   |   (108