Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 304

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 304
---
 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-76

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 the
U.S. Securities and Exchange Commission and apply to list these shares on the Nasdaq Stock Market.

Conditions and Closing Date

The Merger requires approval from GSR III shareholders
and the satisfaction of other customary closing conditions.

6. RELATED PARTY

Alessandro Petruzzi, a director of the Company has
27.2%, or $3,100 ownership of the Company.

7. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred up to the date the financial statements were issued, and determined that there have been no events that have occurred that
would require adjustments to disclosures in the financial statements other than the following:

Contribution Of Ownership Inter