Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 139

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 139
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| (q) | To reflect the redemption of 14,475,606 issued and outstanding                                                              
 GSR III Class A Ordinary Shares subject to possible redemption immediately prior to the Closing for a total cash payment of 
 $150.4 million at an approximate redemption price of $10.39 per share.                                                      |

The redemptions satisfy both the GSR III Available Cash
requirement and the $5,000,001 minimum net tangible asset requirement set forth in the Business Combination Agreement. The $5,000,001
minimum net tangible asset requirement set forth in section 9.1(f) of the Business Combination Agreement applies to GSR III’s
net tangible assets immediately prior to the Closing.

The GSR III Available Cash requirement set forth in section
9.1(e) of the Business Combination Agreement requires that GSR III have at least $25.0 million in available cash at Closing.

The tables below present the calculation demonstrating
that the GSR III net tangible asset requirement and the GSR III Available Cash requirement are met:

| (in thousands)                                                                       |     | Actual      
 Redemptions |          |   |
|:-------------------------------------------------------------------------------------|:----|:------------|---------:|:--|
| Historical net assets of GSR III as of June 30, 2025                                 |     | $           |  227,164 |   |
| Dividends on investments held in the Trust Account subsequent to June 30, 2025(1)    |     |             |    2,624 |   |
| Actual redemptions of GSR III Class A Ordinary shares subject to possible redemption |     |             | (150,356 | ) |
| GSR III net assets immediately prior to Closing                                      |     | $           |   79,432 |   |

| (in thousands)                                                                    
 GSR III net tangible assets immediately prior to Closing:                         |     | Actual      
 Redemptions |          |   |
|:----------------------------------------------------------------------------------|:----|:------------|---------:|:--|
| Cash and investments held in trust account as of June 30, 2025                    |     | $           |  236,273 |   |
| Other assets as of June 30, 2025                                                  |     |             |      962 |   |
| Total assets as of June 30, 2025                                                  |     | $           |  237,235 |   |