Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 253

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 253
---
 as a direct, wholly owned subsidiary to complete the
merger.

Closing Date

On the closing date of the merger, GSR III
will continue as the surviving entity and become a wholly owned subsidiary of Terra Global. At the effective time of the Merger, each
outstanding ordinary share of GSR III will be exchanged for one ordinary share of Terra Global (the “Merger”).

<div align='center'>F-50

Terra Innovatum, Srl.
Notes to the Financial Statements</div>

Note 12. Subsequent Events(cont.)

Registration and Listing

Terra Global plans to register the shares with
the U.S. Securities and Exchange Commission and apply to list these shares on the Nasdaq Stock Market.

Conditions and Closing Date

The Merger requires approval from GSR III
shareholders and the satisfaction of other customary closing conditions.

Accounting

The Merger will be accounted for as a recapitalization,
with GSR III treated as the acquired company for accounting purposes and Terra Global will be treated as the accounting acquirer.

Bridge Loan

On May 4, 2025, the Company entered into a debt
note subscription agreement (the “Bridge Loan”). According to the terms of the Bridge Loan agreement, the issuer agreed to
issue five debt notes, for the principal amount of $100,000 each, having an aggregate value equal to $500,000.

On May 6, 2025, the Company entered into a letter
agreement to convert the Bridge Loan into ordinary shares of Terra Global if the Merger is completed (the “Bridge Loan Conversion”).
If the Bridge Loan Conversion happens at the time of the Merger, the shares will be priced at $7.00 each. If the Merger does not occur
by April 30, 2026, the Bridge Loan Conversion price will instead be based on a valuation of $100,000,000 divided by the fully diluted
equity of Terra. If the Merger is successful, the shares will be issued by Terra Global; if not, they will be issued by Terra or its
parent company. If the Merger is completed, Terra is released from its obligations, and Terra Global assumes them. The lender is also
entitled to a liquidation preference, receiving either 150% of the conversion price or a pro rata share of the liquidation proceeds,
whichever is greater. Additionally, after the Merger, the lender will receive Terra Global warrants equal to 10% of