Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 272

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 272
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 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 new shares issued to purchase
additional shares at $11.50 each (exercisable within 48 months) and a 3% commission on funds raised through a related PIPE transaction,
payable in cash or shares.

<div align='center'>F-50

Terra Innovatum Global, Srl.
Consolidated Balance Sheets
(Unaudited) (all amounts in USD)</div>

|                                                |     |   |   June 30, 
       2025 |   |     |   | December 31, 
         2024 |   |
|:-----------------------------------------------|:----|:--|-----------:|:--|:----|:--|-------------:|:--|
| Assets                                         |     |   |            |   |     |   |              |   |
| Current assets:                                |     |   |            |   |     |   |              |   |
| Cash and cash equivalents                      |     | $ |  3,972,204 |   |     | $ |       68,934 |   |
| Deferred transaction costs                     |     |   |    593,232 |   |     |   |            — |   |
| Prepaid expenses and other current assets      |     |   |    387,509 |   |     |   |       64,079 |   |
| Total current assets                           |