Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 196

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 196
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 per Unit) of the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement were
placed in a trust account (“Trust Account”) with Continental Stock Transfer & Trust Company acting as trustee and invested
only in in either (i) U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain
conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations, (ii) as
uninvested cash, or (iii) an interest or non-interest bearing bank demand deposit account or other accounts at a bank. The trust account
is intended as a holding place for funds pending the earliest to occur of: (i) the completion of initial Business Combination; (ii) the
redemption of any public shares properly submitted in connection with a shareholder vote to amend amended and restated memorandum and
articles of association (A) to modify the substance or timing of obligation to offer redemption rights in connection with any proposed
initial Business Combination or certain amendments to amended and restated memorandum and articles of association prior thereto or to
redeem 100% of our public shares if initial Business Combination is not completed within the completion window; or (B) with respect to
any other material provision relating to shareholders’ rights or pre-initial Business Combination activity; or (iii) absent an
initial Business Combination within the completion window, from the closing of Initial Public Offering, return of the funds held in the
trust account to public shareholders as part of redemption of the public shares.

The Nasdaq listing rules require that the initial Business Combination
must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the assets held in the trust
account (excluding the deferred underwriting commissions and taxes payable on the income earned on the trust account). Management may,
however, structure an initial Business Combination such that the post-transaction company owns or acquires less than 100% of such interests
or assets of the target business in order to meet certain objectives of the target management team or shareholders or for other reasons,
but will only complete such Business Combination if the post-transaction company owns or acquires 50% or more of the issued and outstanding
voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required
to register as an investment company under the Investment Company Act of 1940, as amended (