Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 121

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 121
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otaholders. |

| (2) | Represents the Per Quota Common Conversion Amount divided 
 by $10.00.                                                |

Financing Transactions

Bridge Loan Financing

| ● | Subsequent to June 30, 2025, Terra Innovatum signed                                                   
 five debt note subscription agreements, respectively, for aggregate cash proceeds of $690.0 thousand. |

The Bridge Loans bear an interest rate of 15.00% per annum,
payable in kind (“PIK”) calculated on the outstanding principal balance. The principal and accrued interest on the Bridge
loans converted into PubCo Ordinary Shares at the Closing at a conversion price of $7.00 per share.

In connection with the Bridge Loans, Terra Innovatum committed
to issue to the Bridge Loan Lenders (i) warrants to purchase at an exercise price of $11.50 per share the number of PubCo Ordinary
Shares equal to 100% of the number of PubCo Ordinary Shares into which the applicable Bridge Loan converted into at Closing and (ii) warrants
to purchase at an exercise price of $15.00 per share for the number of PubCo Ordinary Shares equal to 100% of the number of PubCo Ordinary
Shares into which the applicable Bridge Loan converted into at Closing.

PIPE Financing

| ● | In September and October 2025, GSR III entered                                                                                           
 into Subscription Agreements with certain accredited investors, pursuant to which GSR III agreed to issue and sell, in a private         
 placement, PubCo Ordinary Shares at a purchase price of $10.00 per share. In connection with the PIPE Financing, GSR III agreed          
 to issue the PIPE Warrants which consist of the Half Warrants to purchase PubCo Ordinary Shares at an exercise price of $12.00 per share 
 and the Quarter Warrants to purchase PubCo Ordinary Shares at an exercise price of $16.00 per share. The PIPE Warrants are exercisable   
 immediately upon issuance and have a term of five years from the date of issuance.                                                       |

Other Material Events

| ● | Total actual dividends on investments held in the Trust Account         
 subsequent to June 30, 2025 through the Closing Date were $2.6 million. |

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| ● | In August 2025 and September 2025, for certain                                                                                           
 lenders (“the lenders”), Terra Innovatum amended the terms of their outstanding Bridge Loan agreements including the terms               
 of the associated warrant commitments. For the existing warrant commitments