Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 269

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 269
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 their efforts, payable in cash or ordinary shares of Terra Innovatum Global N.V.(see “Note 13 – Subsequent Events)
at the applicable conversion price if the Merger is consummated.

Following the closing of the
Merger, the lenders will be issued Company warrants (also see Note 10 — Quotaholders’ Deficit). The issuance of certain
of these warrants was contingent upon meeting funding thresholds specified within those Bridge Loan agreements on June 6, 2025.

The Company incurred a total
debt discount of $2,870 for the Bridge Loans as a result of the allocation of proceeds to the warrants that will be issued following
consummation of the Merger, and we incurred total debt issuance costs of $14 which are 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 September 30, 2025 is 98.80%.

As of September 30, 2025,
the aggregate principal amount outstanding of the Bridge Loans, including interest paid in kind, was $5,938. The Bridge Loans are presented
net of unamortized debt discount of $2,370 and issuance costs of $11, resulting in a net carrying value of $3,557.

Note 9. Fair Value Measurements

The authoritative guidance
on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows:

| Level 1 — | Quoted prices for identical assets or liabilities in active markets. |

| Level 2 — | Inputs other than quoted prices within Level 1 that are observable either directly or indirectly,                                         
 including quoted prices in markets that are not active, quoted prices in active markets for similar assets or liabilities, and observable 
 inputs other than quoted prices such as interest rates or yield curves.                                                                   |

| Level 3 — | Unobservable inputs reflecting management’s view about the assumptions that market participants 
 would use in pricing the asset or liability.                                                    |

<div align='center'>F-62</div>

Assets and liabilities measured
at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires management
to make judgments and consider factors specific to the asset or liability.

Financial Instruments Not Recorded at Fair Value