Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 306

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 306
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2025. Pro Forma Adjustments for Other Material Events: (aa)To reflect actual and expected dividends on investments held in the Trust Account from July1, 2025 through the estimated Closing Date of September 30, 2025. (bb) To reflect estimated interest incurred of $9.0 thousand from issuance date through the estimated Closing Date on the three Bridge Loans entered in July 2025 (see adjustment 3(aaa)). Additionally, to reflect estimated interest incurred of $195.7 thousand and amortization of debt issuance costs and debt discounts of $2.3 thousand and $378.2 thousand, respectively from July1, 2025 through the estimated Closing Date on the Bridge Loans entered into prior to June30, 2025. 142 (cc)To reflect the August 2025 Bridge Loan agreement amendments, which modified the terms of the Company’s commitment, upon completion of the Merger, to issue warrants with an $11.50 per share exercise price to certain lenders and included a commitment to issue new warrants at an exercise price of $15.00 per share to those lenders. Each amended warrant remained equity -classifiedbefore and after the amendments. The effects of the amendments were accounted for as a dividend made to the affected Bridge Loan lenders. The dividend was measured as the sum of (i) the excess of the fair value of the modified $11.50 warrants post -amendmentover their pre -amendmentfair value, and (ii) the fair value of the new $15.00 warrants on the amendment date. The fair values of the affected warrants were determined using a Black -Scholes-Mertonmodel, based on the following assumptions: (i) share price of $10.00, (ii) risk -freerate of 3.7% – 3.8%, (iii) volatility of 106% – 108%, and (iv) an 8.3% – 9.3% discount for lack of marketability. The resulting dividend of $6.2million was recorded as a reduction to additional paid -incapital (APIC), offset by a corresponding increase in APIC for the warrants’ fair value adjustment, resulting in a $0 net impact to APIC. This dividend is reflected in the pro forma net loss per share calculation for the year ended December31, 2024 (see Note 4(h)). Pro Forma Other Transaction Accounting Adjustments: (a)To reflect, in the No Redemption Scenario,