Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 124

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 124
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 Trust Account,       
 see 3(aa)                                                 |     | $ |   (156 | ) |
| Transaction costs of GSR III through the Closing          
 Date, see 3(e)                                            |     | $ |    167 |   |
| Premium for a directors’ and officers’                    
 tail insurance policy, see 3(k)                           |     | $ |    219 |   |
| Total adjustment to derecognize GSR III’s                 
 accumulated deficit                                       |     | $ | 11,423 |   |

| (i) | To reflect the issuance of a warrant, classified within permanent                               
 equity, to PAC as a success fee upon the Closing. The warrant provides PAC the right to acquire 
 up to 1,000,000 PubCo Ordinary Shares at an exercise price of $7.00 per share, with an exercise 
 period of 5.0 years. The issuance of the warrant was accounted for in accordance with SAB       
 Topic 5.A as a specific incremental cost associated with the equity offering, with the grant    
 date fair value recorded as a decrease to additional paid-in capital with a corresponding       
 increase to additional paid-in capital. This resulted in a $0 impact to additional paid-in      
 capital.                                                                                        |

The warrant was recorded at its estimated fair value on
the Closing Date, determined using the Black Scholes-Merton option-pricing model. The assumptions used in deriving the grant date fair
value of the warrant were as follows: (i) an underlying share price of $10.00 per share. Under U.S GAAP, fair value measurements should
reflect the price at which an asset or liability could be exchanged in an orderly transaction between market participants at the measurement
date. The $10.00 per share underlying is the initial public offering price of GSR III, which would reflect the market participant price
of an exchange of the equivalent GSR III Ordinary shares, which would convert on a one-for-one basis to PubCo Ordinary Shares upon the
Closing. (ii) An exercise price of $7.00 per share, (iii) a risk-free interest rate of 4.38%, corresponding to the U.S Treasury rate
for a period equal to the expected term of the warrant, (iv) an expected term of 5.0 years, as the warrant can be exercised through a
5.0 year period from the Closing, (v) a volatility of 98.2%. PubCo lacks its own historical stock data. Therefore,