Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 67

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 67
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 is doing well.

Pursuant to the Registration Rights Agreement, subject
to certain exceptions, the Sponsor and the Management Holders are contractually restricted from selling or transferring any of its ordinary
shares. Such restrictions began at Closing and end on the following terms: (i) for the Lock-Up Shares held by the Management Holders
(the “Terra Lock-Up Shares”) and (ii) for the Sponsor Lock-Up Shares, (a) 25% of the Terra Lock-Up
Shares and Sponsor Lock-Up Shares shall be released upon the earlier of the Terra Trading Price being greater than $12.00 or Terra issuing
its first quarterly earnings release that occurs at least 120 days after the Closing, (b) an additional 25% of the Terra Lock-Up
Shares and Sponsor Lock-Up Shares shall be released upon the earlier of the Terra Trading Price being greater than $14.00 or Terra issuing
its second quarterly earnings release that occurs at least 120 days after the Closing, (c) a further 25% of the Terra Lock-Up
Shares and Sponsor Lock-Up Shares shall be released upon the earlier of the Terra Trading Price being greater than $16.00 or Terra issuing
its third quarterly earnings release that occurs at least 120 days after the Closing and (d) all the remaining Terra Lock-Up
Shares and Sponsor Lock-Up Shares shall be released upon the earlier of the Terra Trading Price being greater than $18.00 or Terra issuing
its fourth quarterly earnings release that occurs at least 120 days after the Closing. As of the date of this prospectus, 50% of
the Terra Lock-Up Shares and Sponsor Lock-Up Shares have been released from these restrictions.

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The shares held by Sponsor and the Management Holders
may be sold after the expiration of the applicable lock-up period under the Registration Rights Agreement and Proposed Bylaws. As restrictions
on resale end and the registration statement becomes available for use, the sale or possibility of sale of these shares could have the
effect of increasing the volatility in Terra’s share price or the market price of Terra Ordinary Shares could decline if the holders
of currently restricted shares sell them or are perceived by the market as intending to sell them.

The obligations associated with being a public company will involve significant expenses and will require significant resources and management attention, which may divert from Terra’s business operations.

As a public company, Terra is subject to the reporting
requirements of the Exchange Act and the Sarbanes-Oxley Act