Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 104

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 104
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 be automatically forfeited and transferred to PubCo for no consideration. The table below presents the exchange of Terra Innovatum Global quotas for PubCo Ordinary Shares that occurred upon the Conversion:

| Terra                                   
 Innovatum Global quotas                 
 outstanding as of September 30, 2025(1) |     |     | Common              
 Conversion Ratio(2) |         |     | Estimated PubCo Ordinary         
 Shares issued to Terra Innovatum 
 Quotaholders upon Closing        |            |
|                                         | 100 |     |                     | 475,000 |     |                                  | 47,500,000 |

| (1) | Represents quotas held by legacy Terra Innovatum Global Quotaholders. |
| (2) | Represents the Per Quota Common Conversion Amount divided by $10.00.  |

PIPE Financing

| ● | In September 2025 and October 2025, GSR III entered into Subscription                          
 Agreements with certain accredited investors, pursuant to which GSR III agreed to issue and    
 sell, in a private placement, PubCo Ordinary Shares at a purchase price of $10.00 per share.   
 In connection with the PIPE Financing, GSR III agreed to issue the PIPE Warrants which consist 
 of the Half Warrants to purchase PubCo Ordinary Shares at an exercise price of $12.00 per      
 share and the Quarter Warrants to purchase PubCo Ordinary Shares at an exercise price of       
 $16.00 per share. The PIPE Warrants are exercisable immediately upon issuance and have a       
 term of five years from the date of issuance.                                                  |

63 Other Material Events

| ● | Total actual dividends on investments held in the Trust Account                 
 subsequent to September 30, 2025 through the Closing Date were $155.6 thousand. |

| ● | Terra Innovatum incurred interest expense and amortization                                        
 of debt issuance costs and debt discounts from October 1, 2025 through the Closing Date on        
 the Bridge Loans held at amortized cost in Terra Innovatum Global’s historical September          
 30, 2025 financial statements of approximately $47.7 thousand, $0.3 thousand, and $18.9 thousand, 
 respectively.                                                                                     |

Additional Information Related to the Unaudited Pro Forma Condensed Combined Financial Information The unaudited pro forma condensed combined financial information has been prepared based on GSR III’s and Terra Innovatum’s Global historical financial statements as adjusted to give effect to the Closing, the PIPE Financing, and the Other Material Events