Terra Innovatum Global N.V. has dismissed KPMG Accountants N.V. as its independent registered public accounting firm, effective October 12, 2026. The decision was made by the Company's Audit Committee and is not the result of any disagreements with KPMG. The filing confirms that KPMG's audit report on the Company's financial statements for the fiscal year ended December 31, 2025, contained no adverse opinions, disclaimers, or qualifications.
The Company notes that during the fiscal year ended December 31, 2025, there were no disagreements with KPMG regarding accounting principles, financial statement disclosure, or auditing scope. However, the filing identifies material weaknesses in the Company's internal control over financial reporting that have not been remediated. These weaknesses were disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in a Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.
The Audit Committee has approved the engagement of MaloneBailey, LLP as the new independent registered public accounting firm for the fiscal year ending December 31, 2026. MaloneBailey previously served as the Company's auditor from April 29, 2025, to January 15, 2026. The Company has authorized KPMG to respond fully to inquiries from MaloneBailey regarding the material weaknesses. KPMG provided a letter dated October 16, 2026, agreeing with the statements made in the filing, which is included as Exhibit 16.1.
