Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 127

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 127
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 of comparable public companies.

As the $591.5 million fair value of the resulting Share-settled
contingent liability exceeded the pro forma balance of additional paid-in-capital, the excess of the fair value over the pro forma balance
of additional paid-in-capital was recorded as an increase to Accumulated deficit of $482.7 million.

| (o) | To reflect the issuance of 851,483 PubCo Ordinary Shares                                   
 upon the conversion of the aggregate principal and accrued interest on the Bridge Loans at 
 Closing, at a conversion price of $7.00 per share.                                         |

At the Closing, the Bridge Loans had an aggregate principal
balance of $6.0 million, consisting of $5.7 million in aggregate principal plus $300.3 thousand accrued payable in kind interest, with
associated unamortized debt discounts of $2.3 million and unamortized debt issuance costs of $9.5 thousand. During the period from October
1, 2025 through the Closing, $18.9 thousand of the debt discount and $0.3 thousand of the issuance costs were amortized, and $47.7 thousand
of interest expense was incurred. As a result of the conversion, a net total of $3.6 million of bridge loans, net was derecognized from
the unaudited pro forma condensed combined balance sheet as of September 30, 2025 with a corresponding increase to PubCo Ordinary Shares
of $10.0 thousand to reflect the par value of the shares issued and the remaining $3.6 million to additional paid-in capital in accordance
with ASC 470-20-40-4.

| (p) | To reflect the conversion of all 422,500 GSR III Class A                                         
 Ordinary Shares not subject to possible redemption issued and outstanding immediately prior      
 to the Closing into PubCo Ordinary Shares, and to reflect the conversion of 5,200,500 GSR        
 III Class B Ordinary Shares issued and outstanding immediately prior to the Closing into         
 PubCo Ordinary Shares (5,750,000 issued and outstanding GSR III Class B Ordinary Shares less     
 the 549,500 GSR III Class B Ordinary Shares subject to certain vesting or forfeiture conditions) 
 (see Note 3(m)). Additionally, to reflect the conversion of 3,346,071 GSR III Class A Ordinary   
 Shares issued and outstanding immediately prior to the Closing resulting from the automatic      
 exercise immediately prior to the Closing of the G