Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 96

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 96
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 based on an assumed redemption price of $10.38 per share. (3)Subsequent to June 30, 2025, Terra Innovatum issued three convertible Bridge Loans for gross cash proceeds of $130.0 thousand. In connection with the Bridge Loans, Terra Innovatum committed to issuing to the holders of the Bridge Loans two sets of warrants exercisable for PubCo Ordinary Shares at an exercise price of $11.50 per share and $15.00 per share, respectively. The warrants will be issued upon the Closing and the number of shares underlying the warrants is based on a specified fixed percentages of 100% of the shares into which the Bridge Loans convert. The proceeds of the Bridge Loan were allocated in the amount of $78.4 thousand to the equity classified warrants and $51.6 thousand to the Bridge Loans. The impact to net tangible book value as a result of the issuance of the Bridge Loans, and warrants was an increase of $78.4 thousand. (4)Represents a decrease in net tangible book value in the amount of $585.2 thousand as a result of interest and amortization of debt issuance costs in connection with the Bridge Loans.

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(5)Represents an increase in net tangible book value in the amount of $3.3million as a result of the conversion of the aggregate principal and accrued interest of the Bridge Loans at the Closing. Upon conversion, 772,599shares of PubCo Ordinary Shares will be issued to holders of the Bridge Loans. (6)The table presented above does not include the potential dilutive impact of 1,473,794 PubCo Ordinary Shares potentially issuable to third parties upon the exercise of warrants to be issued upon the Closing of the Business Combination to certain Bridge Loan lenders. Such warrants, in aggregate, are exercisable for up to 1,473,794 ordinary shares of PubCo at a subscription price of either $11.50 or $15.00 per share. These warrants are exercisable for either 36 or 48months from the closing of the Merger. The following table illustrates what the valuation of PubCo would need to equal in order for non -redeemingshareholders’ interest per share to equal the $10.00 price per share for GSR III’s IPO under each redemption scenario below:

|                                                                                  |     | Assuming    
 No          
 Redemptions 
 Into Cash   |             |     | Assuming    
 50%         
 Redemptions 
 Into Cash   |             |     | Assuming