Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 221

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 221
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 the units in the offering were issued with other freestanding instruments, the initial carrying value of Class A ordinary
shares classified as temporary equity were the allocated proceeds determined in accordance with ASC 470-20. The accretion or remeasurement
is recognized as a reduction to retained earnings, or in absence of retained earnings, additional paid-in capital. Accretion associated
with the redeemable Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value.

Each public shareholder may
elect to redeem their public shares without voting and, if they do vote, irrespective of whether they vote for or against the proposed
transaction. In addition, initial shareholders, directors and officers have entered into a letter agreement, pursuant to which they have
agreed to waive their redemption rights with respect to any founder shares and public shares held by them in connection with the completion
of a Business Combination.

Notwithstanding the foregoing,
the Company’s Second Amended and Restated Memorandum and Articles of Association provides that a Public Shareholder, together with
any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as
defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), is restricted from
redeeming its shares with respect to more than an aggregate of 15% or more of the Class A ordinary shares sold in the Initial Public
Offering, without the prior consent of the Company.

Business Combination

If the Company is unable to
complete an initial Business Combination within the 18 or 21-month period, it may seek an amendment to amended and restated memorandum
and articles of association to extend the period of time to complete an initial Business Combination beyond 21 months. The Company’s
amended and restated memorandum and articles of association requires at least a special resolution of shareholders as a matter of Cayman
Islands law, meaning that such an amendment be approved by at least two-thirds of ordinary shares who, being entitled to do so, attend
and vote (either in person or by proxy) at a general meeting of the company. If the Company seeks shareholder approval to extend beyond
the 21-month period in which to complete an initial Business Combination to a later date, The Company is required to offer public shareholders
the right to have their public ordinary shares redeemed for a pro rata share of the aggregate amount then on deposit in the trust account,
including interest (less permitted