Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 276

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 276
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SR III,
and such other parties that may become parties entered into a merger agreement (the “Merger Agreement”). The following are
the transactions contemplated in the Merger Agreement:

Pre-Closing Restructuring

Terra Innovatum, Srl. has undergone and will undergo
a pre-closing restructuring (the “Terra Innovatum, Srl. Pre-Closing Restructuring”):

<div align='center'>F-55

Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited)</div>

Note 1. Organization (cont.)

| ● | Conversion: Immediately                                                                                                                     
 after the Contribution and before any PIPE or alternative financing, Terra Innovatum Global, Srl. will be converted from an Italian limited 
 liability company into a Dutch public limited company.                                                                                      |

Formation of Terra MergerCo

After the Terra Innovatum, Srl. pre-closing Restructuring,
Terra Innovatum Global, Srl. will form a Cayman Islands exempted company (“Terra MergerCo”) as a direct, wholly owned subsidiary
to complete the merger.

Closing Date

On the closing date of the merger, GSR III
will continue as the surviving entity and become a wholly owned subsidiary of Terra Innovatum Global, Srl. At the effective time of the
Merger, each outstanding ordinary share of GSR III will be exchanged for one ordinary share of Terra Innovatum Global, Srl. (the
“Merger”).

Registration and Listing

Terra Innovatum Global, Srl. plans to register the
shares with the U.S. Securities and Exchange Commission and apply to list these shares on the Nasdaq Stock Market.

Conditions and Closing Date

The Merger requires approval from GSR III shareholders
and the satisfaction of other customary closing conditions.

Accounting

The Merger will be accounted for as a recapitalization,
with GSR III treated as the acquired company for accounting purposes and Terra Innovatum Global, Srl. will be treated as the accounting
acquirer.

Note 2. Going Concern

As of June 30, 2025, the Company had cash of
$3,972,204. For the six months ended June 30, 2025, the Company used approximately $1,371,162 in cash for operating activities.
Historically, the Company has incurred recurring net losses from operations and negative cash flows from operating activities. As of June 30,
2025, the Company had