Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 66

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 66
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.00 or Terra issuing its third quarterly earnings release that occurs at least 120 days after the Closing and (d) all
the remaining Terra Lock-Up Shares and Sponsor Lock-Up Shares shall be released upon the earlier of the Terra Trading Price being greater
than $18.00 or Terra issuing its fourth quarterly earnings release that occurs at least 120 days after the Closing. As of the date
of this prospectus, 50% of the Terra Lock-Up Shares and Sponsor Lock-Up Shares have been released from these restrictions.

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The shares held by Sponsor and the Management Holders
may be sold after the expiration of the applicable lock-up period under the Registration Rights Agreement and Proposed Bylaws. As restrictions
on resale end and the registration statement becomes available for use, the sale or possibility of sale of these shares could have the
effect of increasing the volatility in Terra’s share price or the market price of Terra Ordinary Shares could decline if the holders
of currently restricted shares sell them or are perceived by the market as intending to sell them.

The obligations associated with being a public company will involve significant expenses and will require significant resources and management attention, which may divert from Terra’s business operations.

As a public company, Terra is subject to the reporting
requirements of the Exchange Act and the Sarbanes-Oxley Act. The Exchange Act requires the filing of annual, quarterly and
current reports with respect to a public company’s business and financial condition. The Sarbanes-Oxley Act requires, among other
things, that a public company establish and maintain effective internal control over financial reporting. As a result, Terra will incur
significant legal, accounting and other expenses that Terra Innovatum did not previously incur. Terra’s entire management team
and many of its other employees will need to devote substantial time to compliance, and may not effectively or efficiently manage its
transition into a public company.

These rules and regulations will result in Terra
incurring substantial legal and financial compliance costs and will make some activities more time-consuming and costly. For example,
these rules and regulations will likely make it more difficult and more expensive for Terra to obtain director and officer liability
insurance, and it may be required to accept reduced policy limits and coverage or incur substantially higher costs to obtain the same
or similar coverage. As a result, it may be difficult for Terra to attract and retain qualified people to serve on its board of directors,
its board committees or as executive officers.

We are currently an emerging growth company and a