Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 126

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 126
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 financial information.

The unaudited pro forma condensed combined financial
information has been prepared based on actual redemptions of 14,475,606 shares of redeemable GSR III Class A ordinary shares for an aggregate
redemption price of $150.4 million out of the Trust Account.

Included in the shares outstanding and weighted
average shares outstanding (for the calculation of pro forma basic and diluted net loss per share) as presented in the unaudited pro forma
condensed combined financial information are PubCo Ordinary Shares issued to legacy Terra Innovatum Global Quotaholders and the GSR III
Ordinary Shares that remained outstanding following the actual redemptions on the Closing Date and that represent PubCo Ordinary Shares,
which includes GSR III Ordinary Shares held by public shareholders, GSR III Ordinary Shares held by the Sponsor and related
parties of the Sponsor, and the shares issued to holders of GSR III Rights upon the automatic exercise of the outstanding GSR III
Rights at the Closing.

Pursuant to the Business Combination Agreement,
former quotaholders of Terra Innovatum received an aggregate of 47,500,000 PubCo Ordinary Shares, each share having one vote. The former
quotaholders of Terra Innovatum held approximately 67.6% of the total voting rights in PubCo at the Closing. The table directly below
presents shares outstanding and the pro forma voting rights on the Closing Date as depicted in the unaudited pro forma condensed combined
balance sheet. This table excludes PubCo Preferred Shares issued to legacy Terra Innovatum Global Quotaholders and PAC in the amount of
8,000 and 40, respectively.

Additionally, this table excludes 1,000,000 potentially
issuable PubCo Ordinary Shares underlying the warrant issued to PAC as a success fee upon the Closing (see Note 3(i)), 1,702,966
potentially issuable PubCo Ordinary Shares to certain Bridge Loan lenders upon the exercise of warrants issued upon the Closing (see Notes
3(aaa) and 3(cc)), and 2,762,625 potentially issuance PubCo Ordinary shares upon the exercise of the PIPE Warrants (see Note 3(bbb)).

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|                                                                         |     | Actual Redemptions |            |     |             |       |   |
|                                                                         |     | Shares             |            |     | % Ownership |       |   |
| PubCo Ordinary Shares held by Terra Innovatum Global Quotah