Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 123

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 123
---
 adjustments
that were made to the unaudited pro forma condensed combined balance sheet as of June 30, 2025 are assumed to have been made on January 1,
2024 for the purpose of adjusting the unaudited pro forma condensed combined statement of operations. The unaudited pro forma condensed
combined statement of operations for the six months ended June 30, 2025 reflects adjustments assuming that any adjustments that
were made to the unaudited pro forma condensed combined balance sheet as of June 30, 2025 are assumed to have been made on January 1,
2024 for the purpose of adjusting the unaudited pro forma condensed combined statement of operations.

The unaudited pro forma condensed combined financial
information has been derived from and should be read in conjunction with:

| ● | the accompanying notes to the unaudited pro forma condensed 
 combined financial information;                             |

| ● | other information relating to GSR III and Terra Innovatum                                                                       
 Global contained in the Proxy Statement/Prospectus, including in the sections entitled “GSR III’s Management’s                  
 Discussion and Analysis of Financial Condition and Results of Operations,” “Terra Innovatum Global’s Management’s               
 Discussion and Analysis of Financial Condition and Results of Operations,” the Annexes and other financial information relating 
 to each of GSR III and Terra Innovatum Global included in the Proxy Statement/Prospectus.                                       |

The unaudited pro forma condensed combined financial
information is provided for illustrative purposes only and is not necessarily indicative of what the actual results of operations and
financial position would have been had the Closing, the Financing Transactions, and the Other Material Events taken place on the dates
indicated, nor are they indicative of the future consolidated results of operations or financial position of PubCo. The unaudited pro
forma adjustments are based on information currently available, and assumptions and estimates underlying the unaudited pro forma adjustments
are described in the accompanying notes to the unaudited pro forma condensed combined financial information. If the actual facts are different
than these assumptions, the amounts and shares outstanding in the unaudited pro forma condensed combined financial information that follows
will be different, and those changes could be material.

<div align='center'>67

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
AS OF JUNE 30, 2025</div>

| (In thousands, except for share data)                                                                                                        
 Assets                                                                                                                                       
 Current assets:                                                                                                                              |