Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 332

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 332
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 -economicanalysis for $93,912, with work scheduled to be completed by September30, 2025. Bridge Loan Amendments In August 2025, we amended our Bridge Loan agreements. The liquidation preference in each agreement was modified to apply only upon termination of the Merger and entitles lenders to the greater of 150% of the conversion price, as defined, or a pro rata share of the equity issuer’s assets based on their ownership percentage. Upon consummation of the Merger, the liquidation preference will terminate. The amendment defines the coverage amount as 100% of the total number of shares issued upon conversion. Following the Merger, lenders will receive two sets of warrants to subscribe to a number of ordinary shares of the Company equal to the coverage amount, priced at $11.50 and $15.00 per share respectively. These warrants are exercisable within 36months and do not include anti -dilutionrights. 168 Additionally, lenders are obligated to use their best efforts to actively support PIPE fundraising efforts and will earn a 3% commission on the funds raised through their efforts, payable in cash or ordinary shares of Terra Innovatum Global at the applicable conversion price if the Merger is consummated. Board Advisor Agreement In March 2025, we entered into a director advisor agreement with Livio Bisterzo who will engage as an independent contractor to serve as a strategic development and operational advisor to our board of directors. The term of the agreement is 30months and outlines Mr.Bisterzo’s responsibilities, which include enhancing our market presence, expanding strategic partnerships, and supporting capital -raisinginitiatives. Compensation includes a grant, following the consummation of the Business Combination, of an option to purchase 1,068,000shares in the post -combinationpublic entity. The exercise price of the option will be determined by the PubCo’s board of directors at the time of grant and will vest in 30 equal monthly installments, subject to the fulfillment of key performance indicators. Senior Advisor Agreement On August21, 2025, we entered into a senior advisor agreement with Alex Spiro who will engage as an independent contractor to serve as a strategic advisor and promoter for the Company, particularly in connection with the Merger. The term of the agreement is 36months and outlines Mr.Spiro’s responsibilities, including strategic advisory, business development, investor introductions, and support for commercial agreements related to SOLO. Compensation includes a one -timegrant of 180,000