Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 64

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 64
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 holder is treated as owning (directly,
indirectly or constructively) at least 10% of the value or voting power of the stock of Terra, such holder may be treated as a “United States
shareholder” with respect to each of Terra and its direct and indirect subsidiaries (the “Terra Group”) that is a “controlled
foreign corporation,” (a “CFC”), for U.S. federal income tax purposes. A non-U.S. corporation is considered
a CFC if more than 50% of (1) the total combined voting power of all classes of stock of such corporation entitled to vote, or (2) the
total value of the stock of such corporation is owned, or is considered as owned by applying certain constructive ownership rules, by
United States shareholders on any day during the taxable year of such non-U.S. corporation. If the Terra Group includes
one or more U.S. subsidiaries, certain of Terra’s non-U.S. subsidiaries could be treated as CFCs regardless of whether
Terra is treated as a CFC. Immediately following the consummation of the Business Combination, the Terra Group will include a U.S. subsidiary.

If Terra or any of its non-U.S. subsidiaries
is a CFC, 10% “United States shareholders” will be subject to adverse income inclusion and reporting requirements with
respect to such CFC. No assurance can be provided that Terra will assist holders in determining whether it or any of its non-U.S. subsidiaries
is treated as a CFC or whether any holder is treated as a United States shareholder with respect to any of such CFCs or furnish to
any holder information that may be necessary to comply with reporting and tax payment obligations with respect to such CFCs.

We do not intend to pay cash dividends for the foreseeable future.

We currently intend to retain our future earnings,
if any, to finance the further development and expansion of our business and do not intend to pay cash dividends in the foreseeable future.
Any future determination to pay dividends will be dependent, among other things, upon our financial condition, results of operations,
capital requirements, restrictions contained in future agreements and financing instruments, business prospects, as determined by our
Board of Directors, as well as compliance with our Articles of Association and Dutch law.

If we continue to qualify as a foreign private issuer and elect to comply with the foreign private issuer filing requirements rather than those applicable to domestic issuers, we would not be subject to certain U.S. securities