Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 209

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 209
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 for the period from May 10, 2023 (inception) through June 30, 2025 relates to the
Company’s formation and the initial public offering (the “Initial Public Offering”), and since the Initial Public Offering,
its search for a Business Combination. The Company will not generate any operating revenues until after the completion of its initial
Business Combination, at the earliest. The Company generates non-operating income in the form of interest and dividend income from investments
held in trust, which proceeds were derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

Business Combination Agreement

On April 21, 2025, the Company
entered into a business combination agreement (the “Business Combination Agreement”) with Terra Innovatum s.r.l., an Italian
limited liability company (“Terra Innovatum”). Pursuant to the terms of the Business Combination Agreement, the Company, Terra
Innovatum and their related parties will undertake a series of reorganizations, equity issuances, and purchases, resulting in the Company
becoming a wholly owned subsidiary of a Dutch public limited liability company (“Pubco”), which will be formed as part of
the transaction.

Financing

The registration statement
for the Company’s Initial Public Offering was declared effective on November 7, 2024. On November 8, 2024, the Company consummated
the Initial Public Offering of 23,000,000 units including 3,000,000 additional public units as the underwriters’ over-allotment
option was exercised in full (the “Units” and, with respect to the shares of Class A ordinary shares included in the Units
being offered, the “Public Shares”), at $10.00 per Unit, generating gross proceeds of $230,000,000 (see Note 3).

Simultaneously with the consummation
of the Initial Public Offering and the sale of the Units, the Company consummated the private placement (“Private Placement”)
of 422,500 units including 7,500 additional private placement units as the underwriters’ over-allotment option was exercised in
full (the “Private Placement Units”) to GSR III Sponsor LLC (the “Sponsor”), at a price of $10.00 per Private
Placement Unit, generating total proceeds of $4,225,000, which is described in Note 4. This amount from the sale of the Private Placement
Units are added to the net proceeds from the Initial