Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 271

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 271
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21, 2025, Terra, GSR III, and
such other parties that may become parties entered into a merger agreement (the “Merger Agreement”). The following are the
transactions contemplated in the Merger Agreement:

Pre-Closing Restructuring

Terra has undergone and will undergo a pre-closing
restructuring (the “Terra Pre-Closing Restructuring”):

| ● | Contribution of Ownership Interests:  Following                                                                                            
 the formation of Terra Global, all owners of Terra will contribute 100% of their respective quotas in the capital of Terra to Terra Global 
 (the “Contribution”). As a result of the Contribution, Terra will become a wholly owned subsidiary of Terra Global.                        |

| ● | Conversion:  Immediately                                                                                                              
 after the Contribution and before any PIPE or alternative financing, Terra Global will be converted from an Italian limited liability 
 company into a Dutch public limited company.                                                                                          |

Formation of Terra MergerCo

After the Terra Pre-closing Restructuring, Terra
Global will form a Cayman Islands exempted company (“Terra MergerCo”) 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-49

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