Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 219

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 219
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| Ordinary shares subject to possible redemption, June 30, 2025            |     | $ | 236,273,249 |   |

<div align='center'>F-12

GSR III ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS
(Unaudited)</div>

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES(cont.)

Net Income (Loss) Per Ordinary Share

The Company complies with
the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. Net income (loss) per ordinary share
is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. Accretion associated
with the redeemable ordinary shares is excluded from net income (loss) per ordinary share as the redemption value approximates fair value.

The calculation of diluted
income (loss) per ordinary share does not consider the effect of the rights issued in connection with the Initial Public Offering and
the Private Units since the exercise of the units is contingent upon the occurrence of future events. As of June 30, 2025 and December
31, 2024, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into
ordinary shares that then share in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the same
as basic net income (loss) per ordinary share for the periods presented.

The following table reflects
the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except share amounts):

|                                                |     | For the Three Months Ended 
 June                       
 30, 2025                   |            |   |     |            |           |   |     | For the Three Months Ended 
 June 30, 2024              |   |   |     |            |           |   |
|:-----------------------------------------------|:----|:---------------------------|-----------:|:--|:----|:-----------|----------:|:--|:----|:---------------------------|--:|:--|:----|:-----------|----------:|:--|
|                                                |     | Redeemable                 |            |   |     | Non-       
 Redeemable |           |   |     | Redeemable                 |   |   |     | Non-       
 Redeemable |           |   |
| Particulars                                    |