Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 474

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 474
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 note subscription agreements (the “Bridge Loans”) with multiple lenders, raising aggregate gross proceeds of $4,870,000. During May 2025 and June 2025, the company entered into multiple letter agreements to convert the Bridge Loans into ordinary shares of Terra Global if the Merger is completed (the “Bridge Loan Conversion”). If the Bridge Loan Conversion happens at the time of the Merger, the shares will be priced at $7.00 each. If the Merger does not occur by April30, 2026, the Bridge Loan Conversion price will instead be based on a valuation of $100,000,000 divided by the fully diluted equity of Terra. If the Merger is successful, the shares will be issued by Terra Global; if not, they will be issued by Terra or its parent company. If the Merger is completed, Terra is released from its obligations, and Terra Global assumes them. The lender is also entitled to a liquidation preference, receiving either 150% of the conversion price or a pro rata share of the liquidation proceeds, whichever is greater. Following the closing of the Merger, the lenders will be issued Terra Global warrants to subscribe for up to a number underlying shares, with a range of 10% through 100% of new shares issued from the Bridge Loan Conversion. Such warrants, in aggregate, are exercisable for up to 960,794 ordinary shares of Terra Global at a subscription price of either $11.50 or $15.00 per share. These warrants are exercisable for either 36 or 48months from the closing of the Merger. The issuance of certain of these warrants is contingent upon meeting funding thresholds specified within those Bridge Loan agreements (the “Bridge Package”). Effective June6, 2025, the specified funding threshold of the Bridge Package was deemed completed. The lender is also entitled to a 3% commission on funds raised through the PIPE transaction, payable in cash or shares. Alliance Advisors, LLC Agreement On May 9,2025, the Company entered into an engagement letter with Alliance Advisors, LLC (“Alliance”) which outlines the terms under which Alliance will provide investor relations and advisory services to the Company starting May 1, 2025. Alliance will implement a financial communications program and receive a monthly fee of approximately $16,500 consisting of $10,000 in cash and $6,500 deferred until the Merger closes. A $75,000 success fee is also due upon a successful Nasdaq listing. The agreement includes