Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 260

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 260
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 and GSR III will continue as the surviving entity and become a wholly owned subsidiary of Terra
Innovatum Global, Srl. At the effective time of the Merger, each outstanding ordinary share of GSR III will be exchanged for one
ordinary share of Terra Innovatum Global, Srl. (the “Merger”).

Registration and Listing

Terra Innovatum Global, Srl.
plans to register the shares with the U.S. Securities and Exchange Commission and apply to list these shares on the Nasdaq Stock
Market.

Conditions and Closing Date

The Merger requires approval
from GSR III shareholders’ and the satisfaction of other customary closing conditions.

Accounting

The Merger will be accounted
for as a recapitalization, with GSR III treated as the acquired company for accounting purposes and Terra Innovatum Global, Srl.
will be treated as the accounting acquirer.

Note 2. Going Concern

As of September 30, 2025, the
Company had cash of $2,151 and an accumulated deficit of approximately $5,617. For the nine months ended September 30, 2025, the Company
used approximately $3,688 of cash in operating activities and has historically incurred recurring losses and negative operating cash
flows. These conditions initially raised substantial doubt about the Company’s ability to continue as a going concern within one
year after the date the financial statements were issued.

Subsequent to the balance sheet
date, on October 9, 2025, the Company completed the Merger (see “Note 13 – Subsequent Events”), which resulted in the
conversion of $5,690 of Bridge Loans into equity and warrants and provided significant additional liquidity. Based on management’s
current forecasts, expected cash outflows over the next 12 months to support FOAK development, engineering and licensing activities,
and general business operations are not anticipated to exceed available liquidity. Management therefore believes that existing cash will
be sufficient to meet the Company’s working capital and capital expenditure requirements for at least the next 12 months.

The Company’s primary sources
of liquidity are cash on hand, and its primary uses of liquidity are operating expenses, licensing activities, and capital expenditures.
The Company continues to monitor its liquidity position and may consider additional financing arrangements, including equity offerings,
to support its growth strategy as appropriate.

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Note 3. Summary of Significant Accounting Policies

There have been no significant
changes to the accounting policies during the nine