Company: NKLR
Filing Date: 2025-10-02
Form Type: 424B3
Source: 0001213900-25-095492
Chunk: 24

Company: Terra Innovatum Global N.V.
Filing Date: 2025-10-02
Form: 424B3
Chunk 24
---
 Agreements executed on or prior to September 23, 2025. Subsequent to September 23, 2025, and prior to the filing of this prospectus, additional PIPE Subscription Agreements were entered into, which will result in aggregate gross proceeds of $2.8 million and the issuance of 277,000 PubCo Ordinary Shares, 138,500 Half Warrants, and 69,250 Quarter Warrants on the Closing Date. The ownership tables presented outside of the section titled “Unaudited Pro Forma Condensed Combined Financial Information” in this proxy statement/prospectus supplement reflect all underlying securities associated with PIPE Subscription Agreements that were executed through the date of this proxy statement/prospectus supplement filing.

17 2.Accounting Treatment for the Transaction In connection with the Terra Pre -ClosingRestructuring, each issued and outstanding quota of New TopCo will be converted into PubCo Ordinary Shares at the Common Conversion Ratio. Subsequent to the Terra Pre -ClosingRestructuring, GSR III will merge into Terra MergerCo with GSR III surviving and becoming a wholly owned subsidiary of PubCo. As a result of the merger, GSR III’s issued and outstanding shares will be converted into PubCo Ordinary Shares on a one -for -onebasis. PubCo’s acquisition of GSR III will be accounted for as a recapitalization by/via an asset acquisition in accordance with ASC 805 -50, as GSR III does not meet the ASC 805 definition of a business. The consideration transferred to the GSR III shareholders to effect the asset acquisition consists of PubCo Ordinary Shares and contingently issuable PubCo Ordinary Shares. As GSR III is comprised primarily of monetary assets (Cash and Investments held in Trust Account), the fair value of the aforementioned consideration transferred is deemed equivalent to GSR III’s net assets. As the consideration transferred is deemed equivalent to the net assets acquired, the net assets of GSR III will be stated at their carrying values, which are deemed to be stated at their respective fair values, and no goodwill (or gain or loss) will be recognized. The conversion of New TopCo’s issued and outstanding quotas into PubCo Ordinary Shares, which will be effected in connection with the aforementioned asset acquisition (a recapitalization by/via asset acquisition), will be accounted for as a recapitalization in accordance with U.S. GAAP. GSR III will be treated as the “acquired” company for accounting purposes and PubCo will be treated as the legal