Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 131

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 131
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 dividend was measured as the sum of (i) the excess
of the fair value of the modified $11.50 warrants post-amendment over their pre-amendment fair value, and (ii) the fair value
of the new $15.00 warrants on the amendment date.

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The fair values of the affected warrants with amendment dates
in August 2025, prior to the execution of the PIPE Subscription Agreements, were determined using a Black-Scholes-Merton model, based
on the following assumptions: (i) share price of $10.00, (ii) risk-free rate of 3.7% – 3.8%, (iii) volatility
of 106% – 108%, and (iv) an 8.3% – 9.3% discount for lack of marketability. For the fair values of
the affected warrants with amendment dates in September 2025, following the execution of the PIPE Subscription Agreements, the model
incorporated updated assumptions including: (i) share price of $7.41, (ii) risk-free rate of 4.02%, (iii) volatility of
110%, and (iv) a 5% discount for lack of marketability.

The resulting dividend of $6.5 million was recorded as
a reduction to additional paid-in capital, offset by a corresponding increase in additional paid-in capital for the warrants’ fair
value adjustment, resulting in a $0 net impact to additional paid-in capital. This dividend is reflected in the pro forma net loss
per share calculation for the year ended December 31, 2024 (see Note 4(h)).

| (dd) | To reflect the issuance of warrants to a third party as a                                                                             
 finder’s fee in connection with the identification and securing of a nuclear facility site contract. The warrant agreement allows     
 the holder to purchase up to 10,000 PubCo Ordinary Shares at an exercise price of $10.00 per share. The warrant is exercisable at any 
 time on or after the issuance date and prior to its expiration on September 23, 2030. The warrant qualified for equity classification 
 under ASC 815-40. As the warrant was issued as consideration for services received, the warrant was accounted for under ASC 718.      |

The fair value of the warrant, $38.1 thousand, was measured
on the grant date, September 23, 2025, and was