Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 97

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 97
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 a liquidation preference,
receiving either 150% of the conversion price or a pro rata share of the liquidation proceeds, whichever is greater.

Bridge Loan Amendments

In August 2025, we amended our Bridge Loan agreements.
The liquidation preference in each agreement was modified to apply only upon termination of the Merger and entitles lenders to the greater
of 150% of the conversion price, as defined, or a pro rata share of the equity issuer’s assets based on their ownership percentage.
Upon consummation of the Merger, the liquidation preference will terminate. The amendment defines the coverage amount as 100% of the total
number of shares issued upon conversion. Following the Merger, lenders will receive two sets of warrants to subscribe to a number of ordinary
shares of the Company equal to the coverage amount, priced at $11.50 and $15.00 per share respectively. These warrants are exercisable
within 36 months and do not include anti-dilution rights. Additionally, lenders are obligated to use their best efforts to actively
support PIPE fundraising efforts and will earn a 3% commission on the funds raised through their efforts, payable in cash or ordinary
shares of Terra Innovatum Global at the applicable conversion price if the Merger is consummated.

Business Combination and Public Listing

In October 2025, Terra Innovatum Global N.V. consummated
the Merger, pursuant to the Business Combination Agreement dated April 21, 2025.

Following the Merger, GSR III merged with and
into GSR III Cayman Merger Sub, a wholly owned subsidiary, with GSR III surviving as a wholly owned subsidiary of Terra Innovatum Global
N.V. whose ordinary shares commenced trading on The Nasdaq Stock Market LLC under the ticker symbol “NKLR” on October 10,
2025.

In connection with the Merger, Terra Innovatum
Global N.V.:

| ● | Issued 70,300,948 ordinary shares. |

| ● | Received PIPE proceeds totaling $36,790,000, pursuant to subscription agreements, consisting of the issuance of 3,683,500 PIPE shares, half warrants to purchase up to 1,841,750 ordinary shares at an exercise price of $12.00 per share, and quarter warrants to purchase up to 920,875 ordinary shares at an exercise price of $16.00 per share. Additionally, converted $5,690,000 in bridge loans into 851,