Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 218

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 218
---
 In accordance with ASC 480-10-S99,
the Company classifies public shares subject to redemption outside of permanent equity as the redemption provisions are not solely within
the control of the Company. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying
value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial
Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value
of redeemable shares will result in charges against additional paid-in capital (to the extent available) and accumulated deficit.

Accordingly, as of June 30,
2025 and December 31, 2024, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity,
outside of permanent shareholders’ deficit on the Company’s balance sheets, as summarized in the following table:

| Public offering proceeds                                                 |     | $ | 230,000,000 |   |
| Less:                                                                    |     |   |             |   |
| Proceeds allocated to public rights                                      |     |   |  (4,107,143 | ) |
| Allocation of offering costs related to redeemable shares                |     |   | (10,885,942 | ) |
| Plus:                                                                    |     |   |             |   |
| Accretion of carrying value to redemption value                          |     |   |  14,993,085 |   |
| Ordinary shares subject to possible redemption, November 8, 2024         |     | $ | 230,000,000 |   |
| Plus:                                                                    |     |   |             |   |
| Subsequent measurement of ordinary shares subject to possible redemption |     |   |   1,412,096 |   |
| Ordinary shares subject to possible redemption, December 31, 2024        |     | $ | 231,412,096 |   |
| Plus:                                                                    |     |   |             |   |
| Subsequent measurement of ordinary shares subject to possible redemption |     |   |   2,423,265 |   |
| Ordinary shares subject to possible redemption, March 31, 2025           |     | $ | 233,835,361 |   |
| Plus:                                                                    |     |   |             |   |
| Subsequent measurement of ordinary shares subject to possible redemption |     |   |   2,437,888 |