Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 133

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 133
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 underlying share price of $7.41 per share, (ii) a 3.9% risk free rate, and (iii) an
estimated volatility of 125% based on historical data of comparable public companies.

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| (c) | To reflect the issuance of 223,000 PubCo Ordinary Shares                                                                                      
 to PAC upon the Closing for banking advisory services provided to Terra Innovatum. The issuance of the shares was accounted for in accordance 
 with Staff Accounting Bulletin Topic 5.A (“SAB Topic 5.A”) as a specific incremental cost associated with the equity                          
 offering, with the grant date fair value recorded as a decrease to additional paid-in capital with a corresponding increase to par value.     |

| (d) | To reflect the settlement of GSR III’s deferred 
 underwriting fee payable upon the Closing.      |

| (e) | To reflect the payment on the Closing Date of total transaction 
 costs of $2.7 million related to GSR III, including:            |

| (i) | $758.5 thousand incurred prior to June 30, 2025 and                        
 recorded as accounts payable in GSR III’s historical financial statements; |

| (ii) | $2.0 million of transaction costs incurred after June 30,                             
 2025, which are not specific incremental costs directly attributable to the offering. |

In accordance with Staff Accounting Bulletin Topic 5.A
and ASC 340-10-S99-1, management evaluated the nature of all transaction-related costs. Based on this evaluation:

| ● | Approximately $758.5 thousand of costs incurred prior to                                                                               
 June 30, 2025 were recorded in GSR III’s historical financial statements as accounts payable and expensed as incurred,                 
 as they were not directly attributable to the offering. These costs included legal services related to the negotiation and structuring 
 of the business combination agreement. None of these services were directly attributable to the offering.                              |

| ● | Approximately $2.0 million of costs incurred after June 30,                                                                                 
 2025 were expensed as incurred and recorded as an addition to accumulated deficit in the pro forma balance sheet. These costs primarily     
 include legal services related to the negotiation and structuring of the business combination agreement and preparation of the registration 
 statements and accounting and audit services for historical financial statements. None of these services were specific incremental costs    
 directly attributable to the offering.                                                                                                      |

| (f) | To reflect the