Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 240

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 240
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 Nine Months Ended 
 September         
 30,               
 2025              
 (Unaudited)       |       |     | 2024 |    |
|:---------------------------|:----|:-------------------|------:|:----|:-----|---:|:----|:------------------|------:|:----|:-----|---:|
| General and administrative |     | $                  | 2,135 |     | $    |  2 |     | $                 | 5,655 |     | $    |  7 |
| Development costs          |     |                    |   155 |     |      | 16 |     |                   |   244 |     |      | 53 |
| Total operating expenses   |     | $                  | 2,290 |     | $    | 18 |     | $                 | 5,899 |     | $    | 60 |

The key measures of segment profit or loss reviewed by the CODM are general and administrative expenses and development costs. General and administrative expenses and development costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a potential business combination with a SPAC. The CODM also reviews general and administrative and development costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Note 12. Income Taxes The Company recorded no provision for income taxes for the three and nine months ended September 30, 2025 and 2024. Deferred tax assets and deferred tax liabilities are recognized based on temporary differences between the financial reporting and tax basis of assets and liabilities using statutory rates. Management of the Company has evaluated the positive and negative evidence bearing upon the realizability of its deferred tax assets. Under the applicable accounting standards, management has considered the Company’s history of losses and concluded that it is more likely than not that the Company will not recognize the benefits of the deferred tax assets. Accordingly, a full valuation allowance has been established against the Company’s otherwise recognizable net deferred tax assets. F-65

Note 13. Subsequent Events

The Company has evaluated subsequent events through the date the financial statements were available to be issued, and determined that there have been no events that have occurred that would require adjustments to disclosures in the financial statements other than the following:

Conversion of Bridge Loans

Upon the closing of the Merger (see “ Business Combination and Public Listing” below), all of the Bridge Loans (the Q