Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 17

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 17
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 assumed all rights and obligations
of GSR III under the PIPE Subscription Agreements and PIPE Warrants. Accordingly, the PIPE Shares and the PIPE Warrants issued in the
PIPE Financing (collectively, the “PIPE Securities”), as well as the Terra shares issuable upon exercise of the PIPE
Warrants, are being registered hereby pursuant to registration rights granted to the PIPE Investors as described in the PIPE Subscription
Agreements. The PIPE Securities were initially issued in reliance on the exemption from registration provided by Section 4(a)(2) of the
Securities Act and Rule 506 promulgated thereunder. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Recent Developments—Business Combination and Public Listing” and “Unaudited Pro Forma Condensed Combined Financial Information—Terra Pre-Closing Restructuring” for more information about the transactions
pursuant to which the PIPE Securities were issued.

Implications of Emerging Growth Company and Smaller Reporting Company Status

We are an “emerging
growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012
(the “JOBS Act”). As an emerging growth company, we are eligible to take advantage of certain exemptions from various
reporting requirements that are applicable to other public companies that are not emerging growth companies, including, but not limited
to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, as amended
(the “Sarbanes-Oxley Act”), reduced disclosure obligations regarding executive compensation in our periodic reports
and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder
approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1)
of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until
private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class
of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS
Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging
growth companies but any such election to opt out is irrevocable. We have irrevocably elected not to