Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 109

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 109
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 prior to the closing of such Change of Control transaction, half of            
 the PubCo Preferred Shares that have not yet converted shall convert into PubCo Ordinary              
 Shares at the Preferred/Ordinary Conversion Ratio.                                                    |

| ● | Any PubCo Preferred Share that is not converted into PubCo                                
 Ordinary Shares during the applicable Conversion Period will remain outstanding, provided 
 that any PubCo Preferred Share that is not converted within 20 years of issuance shall be 
 transferred to PubCo and subsequently cancelled by PubCo for no consideration (om niet).  |

Upon the Closing, PAC received additional shares
in the form of 40 PubCo Preferred Shares and a warrant exercisable for up to 1,000,000 PubCo Ordinary Shares at an exercise price of
$7.00 per share. These PubCo Preferred Shares will mandatorily convert into PubCo Ordinary Shares, subject to the same contingencies
described above within the additional shares for Terra Innovatum Global Quotaholders.

Additionally, pursuant to the Sponsor Support
Agreement, entered into by and among Terra Innovatum, GSR III and the Sponsor, 549,500 GSR III Class B Ordinary Shares held by Sponsor
immediately prior to the Closing, which convert into shares of PubCo Ordinary Shares on a one-for-one basis, will be subject to certain
vesting or forfeiture and cancellation conditions subsequent to the Closing as follows:

If at any time during the First Conversion Period, (a)
the PubCo Trading Price is greater than $12.00, or (b) the submittal and docketing of 75% (10 of 13) of the planned pre-application topical
reports following the NEI Guidance, whichever occurs earlier, then 25% of the Vesting Sponsor Shares automatically and will immediately
vest and no longer be subject to forfeiture and cancellation;

If at any time during the First Conversion Period, (a)
the PubCo Trading Price is greater than $14.00, or (b) NRC docketing of the SOLO 2 construction permit application, pursuant to 10 CFR
Part 50, whichever occurs earlier, then 25% of the Vesting Sponsor Shares shall automatically and will immediately vest and no longer
be subject to forfeiture and cancellation;

If at any time during the Second Conversion Period, (a)
the PubCo Trading Price is greater than $16.00, or (b) acceptance and docketing of SOLO Test Reactor construction permit in compliance
with the requirements