Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 197

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 197
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the “Investment Company Act”).

The Company is required to provide its Class A ordinary shareholders
with the opportunity to redeem all or a portion of their public shares upon the completion of the Business Combination either (i) in
connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer.

All of the Class A ordinary shares sold as part of the units in this
offering contain a redemption feature which allows for the redemption of such public shares in connection with liquidation, if there
is a shareholder vote or tender offer in connection with initial Business Combination and in connection with certain amendments to second
amended and restated memorandum and articles of association. In accordance with SEC guidance on redeemable equity instruments, redemption
provisions not solely within the control of a company require ordinary shares subject to redemption to be classified outside of permanent
equity. Accordingly, all of the Public Shares were presented as temporary equity, outside of the shareholders’ deficit section
of the Company’s balance sheet. Given that the Class A ordinary shares sold as part of the units in the offering were issued with
other freestanding instruments, the initial carrying value of Class A ordinary shares classified as temporary equity were the allocated
proceeds determined in accordance with ASC 470-20. The accretion or remeasurement is recognized as a reduction to retained earnings,
or in absence of retained earnings, additional paid-in capital. Accretion associated with the redeemable Class A ordinary shares is excluded
from earnings per share as the redemption value approximates fair value.

Each public shareholder may elect to redeem their public shares without
voting and, if they do vote, irrespective of whether they vote for or against the proposed transaction. In addition, initial shareholders,
directors and officers have entered into a letter agreement, pursuant to which they have agreed to waive their redemption rights with
respect to any founder shares and public shares held by them in connection with the completion of a Business Combination.

<div align='center'>F-8</div>

Notwithstanding the foregoing, the Company’s Second Amended
and Restated Memorandum and Articles of Association provides that a Public Shareholder, together with any affiliate of such shareholder
or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”)), is restricted from redeeming its shares with respect to more than
an aggregate