Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 300

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 300
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2025, Terra Innovatum issued three convertible Bridge Loans for cash proceeds of $130.0 thousand. Additionally, in connection with the Bridge Loans, Terra Innovatum committed to issue two sets of warrants upon the Closing of the Business Combination to these Bridge Loan lenders. These warrants are considered outstanding for financial reporting purposes and qualify for equity classification under ASC 815 -40. $78.4 thousand of the proceeds was allocated to these warrants, which are exercisable for 38,260 PubCo Ordinary Shares, resulting in a $78.4 thousand increase to additional paid -incapital on the unaudited pro forma condensed combined balance sheet as of June30, 2025. The $130.0 thousand proceeds were allocated between the Bridge Notes and the equity -classifiedwarrants on the basis of their relative fair values. The fair values were determined using a Black -Scholes -Mertonmodel with assumptions including a $10.00share price, 4.0% risk -freerate, 109% volatility, and an 11% discount for lack of marketability. As a result, a $78.4 thousand debt discount was recognized, reducing the carrying value of the Bridge Loans to $51.6 thousand recognized in bridge loans, net on the unaudited pro forma condensed combined balance sheet as of June30, 2025. Pro Forma Adjustments for Other Material Events: (aa)To reflect actual and expected dividends on investments held in the Trust Account from July1, 2025 through the estimated Closing Date of September 30, 2025. (bb) To reflect estimated interest incurred of $9.0 thousand from issuance date through the estimated Closing Date on the three Bridge Loans entered in July 2025 (see adjustment 3(aaa)). Additionally, to reflect estimated interest incurred of $195.7 thousand and amortization of debt issuance costs and debt discounts of $2.3 thousand and $378.2 thousand, respectively from July1, 2025 through the estimated Closing Date on the Bridge Loans entered into prior to June30, 2025. 142 (cc)To reflect the August 2025 Bridge Loan agreement amendments, which modified the terms of the Company’s commitment, upon completion of the Merger, to issue warrants with an $11.50 per share exercise price to certain lenders and included a commitment to issue new warrants at an exercise price of $15.00 per share to those lenders. Each amended warrant remained equity -classifiedbefore and after the