Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 234

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 234
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 issuable upon conversion of all Class B ordinary shares, will equal, in the aggregate, on an as-converted basis,
20% of the sum of (i) the total number of shares issued in the Initial Public Offering, including shares issued in connection with the
underwriter exercise of their option to purchase additional Units, plus (ii) the total number of Class A ordinary shares issued or deemed
issued or issuable upon conversion or exercise of any equity-linked securities (as defined herein) or rights issued or deemed issued,
by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding any Class A ordinary
shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued,
to any seller in the initial Business Combination and any private placement rights issued to the Sponsor, its affiliates or any member
of the management team upon conversion of any funded by the Company’s Sponsor.

Rights

As of December 31, 2023, there
were no rights issued or outstanding. On November 8, 2024, 3,285,714 public rights and 60,357 private rights were issued as part of the
Initial Public Offering and Private Placement, respectively.

The gross proceeds of the Initial
Public Offering were allocated to the public rights based on relative value, with $4,107,143 recorded in shareholders’ equity related
to the rights at November 8, 2024. The rights are not remeasured to fair value on a recurring basis.

As of December 31, 2024, there
were 3,285,714 public rights and 60,357 private rights included in the Placement Units outstanding. Each holder of one right will receive
one Class A ordinary share upon consummation of the initial Business Combination, whether or not the Company will be the surviving entity,
even if the holder of a public right converted all Class A ordinary shares held by them or it in connection with the initial Business
Combination or an amendment to the Company’s memorandum and articles of association with respect to Company’s pre-Business
Combination activities. In the event the Company will not be the survivor upon completion of the initial Business Combination, each holder
of rights will be required to affirmatively convert their rights in order to receive the Class A ordinary shares underlying the rights
(without paying any additional consideration) upon consummation of the Business Combination. The Company will not issue fractional Class
A ordinary shares