Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 324

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 324
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,010 |   |     |            |    (11,952 | ) |     | (92        | )% |
| Net loss                                          |     | $                            | (1,447,688 | ) |     | $    |     (73 | ) |     | $          | (1,447,615 | ) |     | NM         |    |
| Other comprehensive income                        |     |                              |            |   |     |      |         |   |     |            |            |   |     |            |    |
| Change in foreign currency translation adjustment |     |                              |      5,985 |   |     |      |      83 |   |     |            |      5,902 |   |     | NM         |    |
| Total comprehensive (loss) income                 |     | $                            | (1,441,703 | ) |     | $    |      10 |   |     | $          | (1,441,713 | ) |     | NM         |    |

Operating Expenses General and administrative General and administrative increased by $1,415,173 for the three months ended March31, 2025 compared to the same period in 2024 primarily due to an increase of $891,307 due to fees for legal services, an increase of $188,173 due to fees for audit and accounting services, an increase of $102,210 due to board of directors compensation, an increase of $62,164 due to fees for public relations consultancy services, an increase of $56,661 due to fees for management consultancy services, an increase of $35,576 due advisory fees in connection with the potential SPAC transaction discussed in the “Business Combination and Public Company Costs” section above, and $79,082 of miscellaneous expenses. We expect to continue to incur additional general and administrative expenses as a result of operating as a public company, including expenses related to compliance with the rules and regulations of the SEC and Nasdaq Stock Market, additional insurance costs, investor relations activities and other administrative and professional services. As a result, we expect general and administrative expenses to increase in absolute dollars in future periods. Development costs Development costs increased by $20,490 for the three months ended March31, 2025 compared to the same period in 2024 due to increases in travel and entertainment expenses, salary expense, and other personnel costs. Other income (expenses) Other income — related party Other income — related party decreased by $13,