Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 342

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 342
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6, 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 Innovatum 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 Innovatum Global assumes them. If the Merger is not completed, the lenders are also entitled to a liquidation preference for shares received upon conversion, receiving either 150% of the conversion price or a pro rata share of the liquidation proceeds, whichever is greater. Following the closing of the Merger, the lenders will be issued (i) warrants to purchase at an exercise price of $11.50 per share the number of PubCo Ordinary Shares equal to 100% of the number of PubCo Ordinary Shares into which the applicable Bridge Loan will convert into at Closing and (ii) warrants to purchase at an exercise price of $15.00 per share the number of PubCo Ordinary Shares equal to 100% of the number of PubCo Ordinary Shares into which the applicable Bridge Loan will convert into at Closing. We incurred a total debt discount of $2,518,607 for the Bridge Loans as a result of issuance costs and the allocation of proceeds to the warrants that will be issued following consummation of the Merger, which is being amortized over the term of the loans using the effective interest method. The effective interest rates on the Bridge Loans range from 22.72% to 153.73%. The weighted average interest rate as of June 30, 2025 is 99.74%. 176

As of June 30, 2025, the aggregate principal amount outstanding of the Bridge Loans, including interest paid in kind, was $5,108,545. The Bridge Loans are presented net of unamortized debt discount of $2,402,913 and issuance costs of $12,085, resulting in a net carrying value of $2,693,547. August Bridge Loans In July 2025, three lenders committed to loan to us $130,000, in the aggregate, to be evidenced by unsecured debt note subscription agreements (the “August 2025 Bridge Loans”). On August29, 2025, each of the lenders entered into an unsecured debt note subscription agreement. In accordance with the terms of the agreements, the August 2025 Bridge Loans bear interest at