NKLR — what changed in the latest 10-Q
A section-by-section comparison of NKLR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-14 vs the prior 10-Q · 2026-07-01
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +21 | −8 | ~25 | 22 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~4 | 18 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-14
On January 2, 2026, we entered into a lease for office space in Lucca, Italy, with a noncancelable term commencing April 1, 2026 and expiring March 31, 2032. The lease provides for annual base rent of approximately $88 (€75), which is adjusted annually in accordance with the variation in the Italian…
In connection with the Business Combination, we issued 8,000 convertible preferred shares (of which 4,000 converted in 2025, with 4,000 remaining unvested) to former Terra Innovatum Global Srl. quotaholders that are mandatorily convertible into our ordinary shares upon the achievement of specified m…
General and administrative expenses increased by $2,494 for the three months ended June 30, 2026 compared to the same period in 2025 primarily due to increases of (i) $1,707 for consulting/advisory fees paid to non-employee service providers, (ii) $652 for insurance, (iii) $436 for Board of Director…
Other expenses was $245 for the three months ended June 30, 2025, which primarily consists of $189 of interest expense and $56 of net foreign currency losses.
There was a $12,492 unrealized loss in fair value attributable to the change in fair value of the share settled contingent liability for the three months ended June 30, 2026. There was no share settled contingent liability during the same period in 2025.
Text removed vs the prior filing · source: 10-Q · 2026-07-01
On January 2, 2026, we entered into a lease for office space in Lucca, Italy, with a noncancelable term commencing April 1, 2026 and expiring March 31, 2032. The lease provides for annual base rent of approximately $88 (€75), subject to escalation.
The change in fair value — share settled contingent liability consists of the change in fair value of certain issuances of Convertible Preferred Shares.
General and administrative expenses increased by $3,980 for the three months ended March 31, 2026 compared to the same period in 2025 primarily due to increases of (i) $2,359 for compensation to third parties, (ii) $644 for insurance, (iii) $458 for Board of Director compensation, (iv) $144 for deve…
There was a $3,335 unrealized loss in fair value attributable to the change in fair value of the share settled contingent liability for the three months ended March 31, 2026. There was no share settled contingent liability during the same period in 2025.
The $83 unrealized gain in fair value attributable to warrant liabilities for the three months ended March 31, 2026 consists of the change in fair value of certain PIPE warrants. There was no warrant liability during the same period in 2025.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice