Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 105

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 105
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 the terms and subject to the conditions set forth in
the Business Combination Agreement (as elaborated below), following the Special Meeting, on October 9, 2025 (the “Closing Date”),
the Business Combination was consummated (the “Closing”).

On April 21, 2025, GSR III, Terra Innovatum, Terra
MergerCo, and New TopCo had entered into the Business Combination Agreement. The Business Combination Agreement and related agreements
provided for the following:

On April 29, 2025, Terra Innovatum formed Terra
Innovatum Global as the New TopCo referenced in the Business Combination Agreement with the same holders in the same ownership percentages
as Terra Innovatum. On June 23, 2025, Terra Innovatum effectuated the Contribution whereby the quotaholders of Terra Innovatum contributed
100% of their respective quotas in the capital of Terra Innovatum to Terra Innovatum Global As a result of the Contribution, Terra Innovatum
became a wholly owned subsidiary of Terra Innovatum Global.

Following the Contribution, but prior to the effective
time of the Closing, New TopCo cross-border converted from an Italian limited liability company into a Dutch public limited liability
company through the Conversion. The Contribution and the Conversion are collectively considered the Terra Pre-Closing Restructuring.

In connection with and by virtue of the Conversion,
each quota of New TopCo held by a New TopCo Quotaholder was converted into New TopCo Ordinary Shares at the Common Conversion Ratio of
475,000 and into New TopCo Preferred Shares at the Preferred Conversion Ratio of 80. Upon the consummation of the Conversion, New TopCo
is referred to as “PubCo.”

Following the completion of the Terra Pre-Closing
Restructuring, but prior to the effective time of the Closing, the following occurred:

New TopCo formed Terra MergerCo as a direct wholly
owned subsidiary of New TopCo for the purpose of consummating the transactions contemplated by the Business Combination Agreement.

| ● | Each whole GSR III Right that was outstanding automatically 
 converted into one GSR III Class A Ordinary Share.          |

At the effective time of the Closing:

| ● | Terra MergerCo merged with and into GSR III, the separate                                      
 corporate existence of Terra MergerCo ceased and GSR III was the surviving corporation and     
 a wholly owned subsidiary of New TopCo. New TopCo upon the Closing, is referred to as “PubCo”. |