Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 138

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 138
---
482.4 million.

| (o) | To reflect the issuance of 851,483 PubCo Ordinary Shares                                                                               
 upon the conversion of the aggregate principal and accrued interest on the Bridge Loans at Closing, at a conversion price of $7.00 per 
 share.                                                                                                                                 |

At the Closing, the Bridge Loans had an aggregate principal
balance of $6.0 million, consisting of $5.7 million in aggregate principal plus $300.3 thousand accrued payable in kind interest,
with associated unamortized debt discounts of $2.3 million and unamortized debt issuance costs of $9.5 thousand. During the period
from July 1, 2025 through the Closing, $432.7 thousand of the debt discount and $2.5 thousand of the issuance costs were amortized,
and $191.7 thousand of interest expense was incurred. As a result of the conversion, a net total of $3.6 million of bridge loans,
net was derecognized from the unaudited pro forma condensed combined balance sheet as of June 30, 2025 with a corresponding increase
to PubCo Ordinary Shares of $10.0 thousand to reflect the par value of the shares issued and the remaining $3.6 million to additional
paid-in capital in accordance with ASC 470-20-40-4.

| (p) | To reflect the conversion of all 422,500 GSR III Class A                                                                               
 Ordinary Shares not subject to possible redemption issued and outstanding immediately prior to the Closing into PubCo Ordinary Shares, 
 and to reflect the conversion of 5,200,500 GSR III Class B Ordinary Shares issued and outstanding immediately prior to the             
 Closing into PubCo Ordinary Shares (5,750,000 issued and outstanding GSR III Class B Ordinary Shares less the 549,500 GSR III          
 Class B Ordinary Shares subject to certain vesting or forfeiture conditions) (see Note 3(m)). Additionally, to reflect the             
 conversion of 3,346,071 GSR III Class A Ordinary Shares issued and outstanding immediately prior to the Closing resulting from         
 the automatic exercise immediately prior to the Closing of the GSR III Rights (see Note 3(j)). The conversion of the shares            
 resulted in a $104.8 thousand reduction to additional paid-in capital, which represents the excess par value of PubCo Ordinary Shares  
 over the par value of GSR III Class A Ordinary Shares and GSR III Class B Ordinary Shares, respectively.                               |

<div