Cesare Frepoli has stepped down from the board of directors at Terra Innovatum Global N.V. effective October 2, 2026. The company disclosed the move in a Form 8-K filing with the U.S. Securities and Exchange Commission, noting that Frepoli will retain his executive roles within the organization. Frepoli remains the Chief Operating Officer and Co-Chief Executive Officer of the company's U.S. subsidiary.
The resignation was driven by a specific compliance requirement. According to the filing, Frepoli left the board solely to ensure the board maintains a majority of independent directors, a mandate set by NASDAQ Listing Rule 5605(b). Terra Innovatum Global N.V. is incorporated in The Netherlands and trades on The Nasdaq Stock Market LLC under the ticker symbol NKLR.
The company's principal executive offices are located in Lucca, Italy. Alessandro Petruzzi, the Chief Executive Officer, signed the report on October 8, 2026, authorizing the disclosure of these personnel changes.