Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 130

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 130
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 of the gross proceeds were allocated to the Quarter Warrants,
and $27.3 million of the gross proceeds were allocated to the PIPE Shares, resulting in a $36.8 million increase to additional
paid-in capital on the unaudited pro forma condensed combined balance sheet as of June 30, 2025.

Pursuant to the April 28, 2025 engagement letter between
GSR III and The Benchmark Company, LLC (“Benchmark”), Benchmark was entitled to a placement agent fee equal to 5.0% of
the gross proceeds from PIPE Subscribers it introduced. Benchmark sourced $19.2 million of gross proceeds, resulting in a $962.0
thousand cash fee paid at Closing. Additionally, pursuant to the engagement letter between GSR III and Benchmark, the Company reimbursed
Benchmark for $200.0 thousand other necessary out-of-pocket expenses incurred directly in connection with the engagement letter. The total
$1.2 million fee was allocated between the PIPE Shares, Half Warrants, and Quarter Warrants using the same method used to allocate the
proceeds and is reflected as a reduction to additional paid-in capital in the unaudited pro forma condensed combined balance sheet as
of June 30, 2025.

Pro Forma Adjustments for Other Material Events:

| (bb) | To reflect interest incurred of $4.1 thousand and amortization                                                                          
 of debt discounts of $13.7 thousand from issuance date through the Closing Date on the five Bridge Loans entered subsequent to June 30, 
 2025 (see adjustment 3(aaa)). Additionally, to reflect interest incurred of $187.7 thousand and amortization of debt issuance costs and 
 debt discounts of $2.5 thousand and $419.0 thousand, respectively from July 1, 2025 through the Closing Date on the Bridge Loans        
 entered into prior to June 30, 2025.                                                                                                    |

| (cc) | To reflect the August 2025 and September 2025 Bridge                                                                                 
 Loan agreement amendments, which modified the terms of the Company’s commitment, upon the Closing, 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-classified before and
after the amendments. The effects of the amendments were accounted for as a dividend made to the affected Bridge Loan lenders.

The