Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 76

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 76
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 (i) warrants. to purchase at an exercise price of $11.50 per share the number of Terra Shares equal to 100% of
the number of Terra Shares into which the applicable Bridge Loan will convert into at Closing and (ii) warrants to purchase at an exercise
price of $11.50 per share the number of Terra Shares equal to 100% of the number of Terra Shares into which the applicable Bridge Loan
will convert into at Closing.

We incurred a total debt discount of $2,518,607
for the Bridge Loans as a result of issuance costs and the allocation of proceeds to the warrants that will be issued following consummation
of the Business Combination, which is being amortized over the term of the loans using the effective interest method. The effective interest
rates on the Bridge Loans range from 22.72% to 153.73%. The weighted average interest rate as of June 30, 2025 is 99.74%.

As of June 30, 2025, the aggregate principal
amount outstanding of the Bridge Loans, including interest paid in kind, was $5,108,545. The Bridge Loans are presented net of unamortized
debt discount of $2,402,913 and issuance costs of $12,085, resulting in a net carrying value of $2,693,547.

Alliance Advisors, LLC Agreement

On May 9, 2025, we entered into an engagement
letter with Alliance Advisors, LLC (“Alliance”) which outlines the terms under which Alliance will provide investor relations
and advisory services to us starting May 1, 2025. Alliance will implement a financial communications program and receive a monthly
fee of approximately $16,500 consisting of $10,000 in cash and $6,500 deferred until the Business Combination closes. A $75,000 success
fee is also due upon a successful Nasdaq listing. The agreement includes provisions for additional services, expense reimbursements, and
a 3% service fee for access to market intelligence tools. The engagement letter expires on April 30, 2026, however, has automatic
annual renewals unless terminated with notice. If we do not complete the closing of the Merger by October 31, 2025, we will pay the
deferred monthly fee in the aggregate amount of $39,000 by November 30, 2025. As of June 30, 2025, we have paid $15,895 in