Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 203

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 203
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4. The Company is currently not aware of any issues under review that could result in significant
payments, accruals or material deviation from its position.

There is currently no taxation imposed on income by the government
of the Cayman Islands. In accordance with Cayman Islands federal income tax regulations, income taxes are not levied on the Company.
Consequently, income taxes are not reflected in the Company’s financial statements. The Company’s management does not expect
that the total amount of unrecognized tax benefits will materially change over the next twelve months.

Class A Redeemable Share Classification

The public shares contain a redemption feature which allows for the
redemption of such public shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer
in connection with the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies public
shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company.
The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares
to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering, the Company
recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable shares will
result in charges against additional paid-in capital (to the extent available) and accumulated deficit.

<div align='center'>F-12</div>

Accordingly, as of September 30, 2025 and December 31, 2024, Class
A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of permanent shareholders’
deficit on the Company’s balance sheets, as summarized in the following table:

| Public offering proceeds                                                 |     | $ | 230,000,000 |   |
| Less:                                                                    |     |   |             |   |
| Proceeds allocated to public rights                                      |     |   |  (4,107,143 | ) |
| Allocation of offering costs related to redeemable shares                |     |   | (10,885,942 | ) |
| Plus:                                                                    |     |   |             |   |
| Accretion of carrying value to redemption value                          |     |   |  14,993,085 |   |
| Ordinary shares subject to possible redemption, November 8, 2024         |     | $ | 230,