Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 61

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 61
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 States. As a result, it may be difficult for U.S. investors to effect service of process within the United States
upon these persons. It may also be difficult for U.S. investors to enforce within the United States judgments predicated upon
the civil liability provisions of the securities laws of the United States or any state thereof. In addition, there is uncertainty
as to whether the courts outside the United States would recognize or enforce judgments of U.S. courts obtained against us
or our directors and officers predicated upon the civil liability provisions of the securities laws of the United States or any
state thereof. Therefore, it may be difficult to enforce U.S. judgments against us, our directors and officers and independent auditors.

Fluctuations in Foreign Currency Exchange Rates and Withholding Taxes May Adversely Affect Our Results of Operations and Cash Flows

The financial statements included in this registration
statement are presented in U.S. dollars, while a substantial portion of Terra Innovatum Global S.r.l.’s revenues, expenses and
capital expenditures are denominated in euros. Accordingly, we are exposed to fluctuations in the euro/U.S. dollar exchange rate, which
may have a material adverse effect on our results of operations and cash flows. For example, a strengthening of the U.S. dollar against
the euro would reduce the reported U.S. dollar value of our euro-denominated revenues and assets, while a weakening of the U.S. dollar
would increase the U.S. dollar value of our euro-denominated expenses and liabilities. Although we may enter into hedging arrangements
to partially mitigate foreign currency risk, such transactions may not fully offset adverse movements, may entail significant costs and
may expose us to additional risks, including counterparty credit risk and accounting volatility.

In addition, under Italian law, payments of dividends
and interest by our Italian subsidiaries to U.S. or other non-Italian shareholders may be subject to withholding taxes at rates up to
26% unless reduced by an applicable tax treaty. Such withholding could reduce the net amount of cash available for distribution to our
shareholders, adversely impact the attractiveness of our ordinary shares to certain investors and, in certain circumstances, require
us to incur additional costs to secure treaty relief or obtain tax indemnities. Any changes in Italian or U.S. withholding tax rates,
amendments to existing treaties or interpretations by tax authorities could further increase our tax burden and reduce the value of your
investment.

Risks Related to Ownership of Terra Shares and Terra Operating as a Public Company