Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 225

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 225
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GSR III ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS</div>

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

Fair value is defined as the
price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants
at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements)
and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

| ● | Level                                                                                        
 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments 
 in active markets;                                                                           |

| ● | Level                                                                                     
 2, defined as inputs other than quoted prices in active markets that are either directly  
 or indirectly observable such as quoted prices for similar instruments in active markets  
 or quoted prices for identical or similar instruments in markets that are not active; and |

| ● | Level                                                                                           
 3, defined as unobservable inputs in which little or no market data exists, therefore requiring 
 an entity to develop its own assumptions, such as valuations derived from valuation techniques  
 in which one or more significant inputs or significant value drivers are unobservable.          |

In some circumstances, the
inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair
value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the
fair value measurement.

Deferred Offering Costs

Deferred offering costs consist of legal, administrative, and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering.The Company complies with the requirements of the ASC 340-10-S99 and SEC Staff Accounting Bulletin
Topic 5A, “Expenses of Offering.” Offering cost is allocated to Public and Private Rights issued in the Initial Public
Offering on residual value basis, compared to total proceeds received. Offering costs associated with the Class A ordinary shares are
charged against the carrying value of Class A ordinary shares subject to possible redemption upon the completion of the Initial Public
offering.

Income Taxes

The
Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which prescribes a recognition
threshold and a