Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 115

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 115
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 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”.                                                                             |

Each GSR III Ordinary Share issued and outstanding as
of immediately prior to the Closing was converted into PubCo Ordinary Shares on a one-for-one basis.

In connection with the Closing, PubCo registered the issuance
of PubCo Ordinary Shares with the SEC and became a publicly traded company listed on Nasdaq.

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On December 18, 2024, Terra Innovatum entered into
an agreement with Park Avenue Capital Group Corp. (“PAC”), a third-party entity, which was immediately superseded by an agreement
to appoint Moonshot Warehouse LTD (“Moonshot”), an affiliate of PAC, to serve as its financial advisor regarding a potential
business combination