Company: NKLR
Filing Date: 2025-11-17
Form Type: 10-Q
Source: 0001213900-25-111171
Chunk: 29

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-17
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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. Riley’s services, which include advising on the business combination, capital markets strategy, and other customary investment
banking services.

The agreement also includes
standard indemnification provisions and limitations of liability, and provides for additional compensation of $2 per person, per day,
plus expenses, if B. Riley personnel are required to testify in any proceedings related to the engagement.

Business Combination and Public Listing

On October 9, 2025, Terra
Innovatum Global consummated its previously announced business combination with GSR III Acquisition Corp. (“GSR III”) pursuant
to the Merger Agreement dated April 21, 2025, among Terra, GSR III, and other parties thereto (the “Merger”).

Pre-Closing Restructuring

Prior to the Merger, Terra
completed a series of restructuring steps (the “Terra Pre-Closing Restructuring”) designed to facilitate the transaction:

●Formation of Terra Innovatum Global, Srl: On April 29, 2025, Terra Innovatum Global was formed with the
same ownership structure as Terra.

●Contribution of Ownership Interests: On June 23, 2025, the quotaholders of Terra contributed 100% of their
ownership interests in Terra to Terra Innovatum Global, resulting in Terra becoming a wholly owned subsidiary of Terra Innovatum Global.

Merger

Following the Merger, Terra
Innovatum Global was converted from an Italian limited liability company into a Dutch public limited company, Terra Innovatum N.V. and
GSR III merged with and into GSR III Cayman Merger Sub, a wholly owned subsidiary, with GSR III surviving as a wholly owned subsidiary
of Terra Innovatum Global N.V. whose ordinary shares commenced trading on The Nasdaq Stock Market LLC under the ticker symbol “NKLR”
on October 10, 2025.

In connection with the Merger,
Terra Innovatum Global N.V.:

●Issued 70,300,948 ordinary shares.

●Received PIPE proceeds totaling $36,790, pursuant to subscription
agreements, consisting of the issuance of 3,683,500 PIPE shares, half warrants to purchase up to 1,841,750 ordinary shares at an exercise
price of $12.00 per share, and quarter warrants to purchase up to 920,875 ordinary shares at an exercise price of $16.00 per share. Additionally,
converted $5,690 in bridge loans into 851,483 ordinary shares