Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 284

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 284
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as” rather than shares, stock or units. As of April 29, 2025,
the total authorized, subscribed and paid-up capital was $11,396, consisting of quotas from founders and investors. Voting rights are
proportional to the percentage of quotas owned, and members are entitled to a share of profit and losses based on their ownership percentage.

No dividends or distributions were declared as
of April 29, 2025.

5. COMMITMENTS AND CONTINGENCIES

Merger

Background

On April 21, 2025, Terra OpCo, GSR III,
and such other parties that may become parties entered into the Merger Agreement. This agreement outlines a series of transactions that
formed Terra Global and will ultimately result in Terra OpCo becoming a wholly owned indirect subsidiary of Terra Global. Terra Global
will be the publicly traded holding company of the combined entity.

Pre-Closing Restructuring

Terra OpCo has undergone and will undergo a pre-closing
restructuring (the “Terra Pre-Closing Restructuring”):

| ● | Contribution                                                                               
 of Ownership Interests: Following the formation of Terra Global, all owners of             
 Terra OpCo will contribute 100% of their respective quotas in the capital of Terra OpCo to 
 Terra Global (the “Contribution”). As a result of the Contribution, Terra OpCo             
 will become a wholly owned subsidiary of Terra Global.                                     |

| ● | Conversion:                                                                                     
 Immediately after the Contribution but before the Merger and any PIPE or alternative financing, 
 Terra Global will be converted from an Italian limited liability company into a Dutch public    
 limited company.                                                                                |

<div align='center'>F-74

TERRA INNOVATUM GLOBAL S.R.L.
NOTES TO THE FINANCIAL STATEMENTS</div>

5. COMMITMENTS AND CONTINGENCIES (cont.)

Formation of Terra MergerCo

After the Terra Pre-closing Restructuring, Terra
Global will form a Cayman Islands exempted company (“Terra MergerCo”) as a direct, wholly owned subsidiary to complete the
merger.

Closing Date

On the closing date of the merger, GSR III
will continue as the surviving entity and become a wholly owned subsidiary of Terra Global. At the effective time of the merger, each
outstanding ordinary share of GSR III will be exchanged for one ordinary share of Terra Global (the “Merger”).

Registration and Listing

Terra Global plans to register the shares with