Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 125

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 125
---
 | 4(h)  |

<div align='center'>See accompanying notes to the unaudited pro forma condensed combined financial information.

72

NOTES TO UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION</div>

1. Basis of Pro Forma Presentation

The unaudited pro forma condensed combined financial
information was prepared in accordance with Article 11 of SEC Regulation S-X, as amended by the final rule, Release No. 33-10786,
Amendments to Financial Disclosures about Acquired and Disposed Businesses. Release No. 33-10786 replaces the historical pro forma
adjustments criteria with simplified requirements to depict the accounting for the transaction (“Transaction Accounting Adjustments”)
and presents the reasonably estimable synergies and other transaction effects that have occurred or are reasonably expected to occur (“Management’s
Adjustments”). GSR III and Terra Innovatum management have elected not to present Management’s Adjustments and will only
be presenting Transaction Accounting Adjustments in the unaudited pro forma condensed combined financial information. The adjustments
presented in the unaudited pro forma condensed combined financial information have been identified and presented to provide relevant information
necessary for an understanding of PubCo at the Closing, the Financing Transactions, and the Other Material Events. The unaudited pro forma
condensed combined financial information does not give effect to any anticipated synergies, operating efficiencies, tax savings, or cost
savings that may be associated with the Closing. GSR III and Terra Innovatum have not had any historical relationship prior to the
Closing. Accordingly, no pro forma adjustments were required to eliminate activities between the companies.

The pro forma adjustments reflecting the Closing,
the Financing Transactions, and the Other Material Events are based on certain currently available information and certain assumptions
and methodologies that both GSR III and Terra Innovatum believe are reasonable under the circumstances. The pro forma adjustments,
which are described in the accompanying notes, may be revised as additional information becomes available and is evaluated. Therefore,
it is likely that the actual adjustments will differ from the pro forma adjustments, and it is possible the differences may be material.
Both GSR III and Terra Innovatum believe that the assumptions and methodologies provide a reasonable basis for presenting all the
significant effects of the Closing, the Financing Transactions, and the Other Material Events based on information available to management
at this time and that the pro forma adjustments give appropriate effect to those assumptions and are properly applied in the unaudited
pro forma condensed combined