Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 248

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 248
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 adjustment as described in the Company’s certificate of incorporation.

Additionally, on December
19, 2024, the Sponsor transferred another 225,000 Founder Shares to another member of the management team at a price of $0.004348 per
share for an aggregate purchase price of $978.30.

The sale of the Founder Shares
to the Company’s directors and director’s nominees by the Sponsor is in the scope of FASB ASC Topic 718, “Compensation-Stock
Compensation” (“ASC 718”). Under ASC 718, stock-based compensation associated with equity-classified awards is measured
at fair value upon the grant date. The fair value of the 255,000 shares granted to the Company’s directors and management person
was at the acquisition price per share of $0.004348.

The Founder Shares were granted
subject to a performance condition (i.e., the occurrence of a Business Combination). Compensation expense related to the Founders Shares
is recognized only when the performance condition is probable of occurrence under the applicable accounting literature in this circumstance.
Stock-based compensation would be recognized at the date a Business Combination is considered probable (i.e., upon consummation of a Business
Combination) in an amount equal to the number of Founders Shares times the grant date fair value per share (unless subsequently modified)
less the amount initially received for the purchase of the Founder Shares.

Administrative Services Agreement

Commencing on November 8,
2024, the Company has entered into an agreement to pay the Sponsor a total of up to $55,556 per month for office space and administrative
and support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees.
For the year ended December 31, 2024, the Company incurred $111,112 in fees for these services, which are included within general and
administrative expenses in the accompanying statements of operations (none in 2023).

<div align='center'>F-32

GSR III ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS</div>

NOTE 5. RELATED PARTY TRANSACTIONS(cont.)

Promissory Note — Related Party

During June 2024, the Sponsor
agreed to loan the Company up to $300,000 pursuant to a promissory note (the “Note”). The Note was non-interest bearing, unsecured
and became due on November 8, 2024 upon the closing of the Initial Public Offering.