Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 125

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 125
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 it estimates its expected
stock volatility based primarily on the historical volatility of a publicly traded set of peer companies. (vi) A dividend yield of 0%;
PubCo does not plan to pay cash dividends on its PubCo Ordinary Shares in the foreseeable future, and, therefore, uses an expected dividend
yield of zero in its valuation model. These assumptions resulted in a grant date fair value of a call option (as a warrant is akin to
a written call option) of approximately $8.00 per share.

| (j) | To reflect the issuance of 3,346,071 shares of GSR III Class                                   
 A Ordinary Shares upon the automatic exercise immediately prior to the Closing of the GSR      
 III Rights to acquire one GSR III Class A Ordinary Share. The issuance of the shares resulted  
 in a $0 adjustment within the GSR III Class A Ordinary Share, par value $0.0001 and additional 
 paid-in capital line items, respectively, due to the effect of rounding as the adjustment      
 to record the shares at par value and associated adjustment to additional paid-in capital      
 were less than $1 thousand, respectively.                                                      |

| (k) | To reflect the payment on the Closing Date of the $219.0                                  
 thousand premium for a directors’ and officers’ tail insurance policy. This adjustment    
 increases accumulated deficit as the premium is related to activity prior to the Closing. |

| (l) | To reflect the payment of a $1.3 million premium on the Closing                           
 Date for a prepaid directors’ and officers’ insurance policy for PubCo. Additionally,     
 to recognize the present value of a second $1.3 million premium payment, which is due six 
 months after closing, as an accrual in accrued expenses and other current liabilities.    |

<div align='center'>73</div>

| (m) | To reflect that immediately prior to the Closing, 549,500                                     
 GSR III Class B Ordinary Shares held by the Sponsor become subject to certain vesting or      
 forfeiture conditions. The vesting will be triggered contingent upon various milestones being 
 met subsequent to the Closing. Refer to the Introduction section above for a description      
 of the various milestones.                                                                    |

The shares that will be subject to the vesting are contingently
forfeitable based on the non-achievement of the milestones and will be forfeited by the Sponsor if the milestones are not met within
the Conversion Period, as discussed further in the Introduction section above. As the shares may be