Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 129

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 129
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, 2025 through the Closing Date were $155.6 thousand.                                 |

| (r) | To reflect the recognition of stock-based compensation upon                                      
 the satisfaction of a performance condition (the Closing of the Business Combination) associated 
 with the transfer of certain GSR III Class B Ordinary Shares.                                    |

In November 2024, the Sponsor transferred a total of 30,000
GSR III Class B Ordinary Shares to three independent directors (10,000 each) at a purchase price of $0.00438 per share. Additionally,
in December 2024, the Sponsor transferred 225,000 GSR III Class B Ordinary Shares to a member of the management team, also at a purchase
price of $0.00438 per share. Although the shares were legally transferred in 2024, the awards were subject to a performance condition
(the Closing of the Business Combination). As such, in accordance with ASC 718, stock-based compensation was not recognized until the
Closing, when the performance condition was satisfied.

The grant date fair value of the shares was determined to
be $0.00438 per share, equal to the amount paid by the recipients. As a result, the total stock-based compensation expense recognized
was $0, as the fair value of the awards was fully offset by the amount initially received for the purchase of the shares.

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| (s) | To reflect the conversion at Closing of 8,524,394 redeemable                                
 GSR III Class A ordinary shares into 8,524,394 PubCo Ordinary Shares, par value $0.011789   
 per share. The conversion was effected at an aggregate amount of $88.5 million, funded from 
 the remaining cash held in the Trust Account. This amount was recorded as a reduction in    
 redeemable GSR III Class A ordinary shares and a corresponding increase in PubCo Ordinary   
 Shares and additional paid-in capital.                                                      |

The pro forma notes and adjustments, based on
preliminary estimates that could change materially as additional information is obtained, are as follows:

Pro Forma Transaction Accounting Adjustments:

| (a) | To reflect the transaction costs of GSR III of $167.3 thousand                            
 for accounting and audit services for historical financial statements and other financial 
 services. None of these services were specific incremental costs directly attributable to 
 the offering and were expensed as incurred. This is a non-recurring item.                 |

| (b) | To reflect