Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 62

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 62
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Our only significant asset is our ownership interest in Terra OpCo, and such ownership may not be sufficient to satisfy our financial obligations.

We have no direct operations and no significant
assets other than our ownership of Terra OpCo and of GSR III. We will depend on Terra OpCo for distributions, loans and other payments
to generate the funds necessary to meet our financial obligations, including our expenses as a publicly traded company and to pay any
dividends with respect to Terra Shares. The financial condition and operating requirements of Terra OpCo may limit our ability to obtain
cash from Terra OpCo. The earnings from, or other available assets of, Terra OpCo may not be sufficient to pay dividends or make distributions
or loans to enable us to pay any dividends on Terra Ordinary Shares or satisfy our other financial obligations.

This lack of diversification may subject us to
numerous economic, competitive and regulatory risks, any or all of which may have a substantial adverse impact upon the particular industry
in which we may operate.

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If a U.S. person is treated as owning at least 10% of the stock of Terra, such person may be subject to adverse U.S. federal income tax consequences.

If a U.S. holder is treated as owning (directly,
indirectly or constructively) at least 10% of the value or voting power of the stock of Terra, such holder may be treated as a “United States
shareholder” with respect to each of Terra and its direct and indirect subsidiaries (the “Terra Group”) that is a “controlled
foreign corporation,” (a “CFC”), for U.S. federal income tax purposes. A non-U.S. corporation is considered
a CFC if more than 50% of (1) the total combined voting power of all classes of stock of such corporation entitled to vote, or (2) the
total value of the stock of such corporation is owned, or is considered as owned by applying certain constructive ownership rules, by
United States shareholders on any day during the taxable year of such non-U.S. corporation. If the Terra Group includes
one or more U.S. subsidiaries, certain of Terra’s non-U.S. subsidiaries could be treated as CFCs regardless of whether
Terra is treated as a CFC. Immediately following the consummation of the Business Combination, the Terra Group will include a U.S. subsidiary.

If Terra or any of its non-U.S. subsidiaries