Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 96

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 96
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 30, 2025 is 99.74%.

As of June 30, 2025, the aggregate principal
amount outstanding of the Bridge Loans, including interest paid in kind, was $5,108,545. The Bridge Loans are presented net of unamortized
debt discount of $2,402,913 and issuance costs of $12,085, resulting in a net carrying value of $2,693,547.

Q3 2025 Bridge Loans

In August and September 2025, multiple lenders
committed to loan $690,000 to the Company, in the aggregate, to be evidenced by unsecured debt note subscription agreements (the “Q3
2025 Bridge Loans”). In August and September 2025, each of the lenders entered into an unsecured debt note subscription agreement.
In accordance with the terms of the agreements, the Q3 2025 Bridge Loans bear interest at a fixed annual rate of 15%, PIK and calculated
on the outstanding principal balance. The Q3 2025 Bridge Loans mature one year from their respective issuance dates and are subject to
mandatory early redemption upon the consummation of a qualifying business combination, such as the Merger. In such an event, all accrued
and unaccrued interest becomes immediately due and payable on the 30th day following the completion of the qualifying transaction.

In August and September 2025, the Company entered
into letter agreements to convert the Q3 2025 Bridge Loans into ordinary shares of Terra Innovatum Global N.V. if the Merger is completed
(the “Q3 2025 Bridge Loan Conversion”). Per the terms of the agreements, if the Q3 2025 Bridge Loan Conversion happens at
the time of the Merger, the shares will be priced at $7.00 each. If the Merger does not occur by April 30, 2026, the August Bridge Loan
Conversion price will instead be based on a valuation of $100,000,000 divided by the fully diluted equity of Terra. If the Merger is successful,
the shares will be issued by Terra Innovatum Global N.V.; if not, they will be issued by Terra or its parent company. If the Merger is
completed, Terra is released from its obligations, and Terra Innovatum Global N.V. assumes them. If the Merger is not completed, the lenders
are also entitled to a liquidation preference for shares received upon conversion, the lender is also entitled to