Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 84

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 84
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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 $139 for the three months ended September 30, 2025 compared to the same period in 2024 primarily due to increases in travel and
entertainment expenses of $67 and $72 due to technical and engineering studies.

Other income (expenses)

Other income — related party

Other income — related
party decreased by $34 for the three months ended September 30, 2025 compared to the same period in 2024. We provided engineering
consulting services unrelated to our core business during the three months ended September 30, 2024. No such services were provided
during the three months ended September 30, 2025.

Other income (expense)

Other income increased by $160
during the three months ended September 30, 2025 compared to the same period in 2024. The increase was primarily due to $159 of
foreign currency transaction losses.

Interest expense

Interest expense totaled $537
for the three months ended September 30, 2025, attributable to the Bridge Loans. There was no interest expense during the same period
in 2024.

Net loss

Net loss for the three months
ended September 30, 2025 was $2,987 as compared to net income of $16 for the three months ended September 30, 2024. The
$3,003 net change was due to an increase of $2,272 in loss from operations and an increase of $731 in other expense, net.

Nine Months Ended September 30, 2025 Compared to Nine Months Ended September 30, 2024

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

| Operating expenses:                               |     | Nine Months Ended September 30, 
 2025                            |        |   |     | 2024 |     |   |     | $ Variance |        |   |     | % Variance |      |    |
|:--------------------------------------------------|:----|:--------------------------------|-------:|:--