Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 290

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 290
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with Italian regulations for early-stage “start-up innovative” companies.

Warrants

Bridge Package Contingent Warrants

As discussed in Note 9 — Bridge
Loans and Warrants, certain warrants that will, under the terms of the Bridge Loan agreements, be issued following the Merger (the “Bridge
Package Contingent Warrants”) contained provisions whereby the number of shares issuable was contingent upon the achievement of
specified funding thresholds by June 6, 2025. Due to this potential variability in the number of shares subject to the warrants,
the Company initially classified the Bridge Package Contingent Warrants as liabilities in accordance with the guidance in ASC 815-40.

On June 6, 2025, the funding threshold was
not met, thereby resolving the contingency that affected the number of shares subject to the warrants. As a result, the Company performed
a final fair value measurement of the Bridge Package Contingent Warrants, which resulted in recognition of a gain of $1,259,553, which
is presented as change in fair value — warrant liability in the consolidated statement of operations and comprehensive
loss. Immediately thereafter, the Bridge Package Contingent Warrants were reclassified to permanent equity in accordance with ASC 815-40-35.
At June 30, 2025 and December 31, 2024, the Bridge Package Contingent Warrant liability was zero.

<div align='center'>F-64

Terra Innovatum Global, Srl.
Notes to the Consolidated Financial Statements
(Unaudited)</div>

Note 11. Quotaholders’ Equity (Deficit) (cont.)

As of June 30, 2025, all of the Company’s
warrants are classified as permanent equity in accordance with ASC 815-40-25. As of that date, the Company had the following
equity-classified warrants related to the Bridge Loan (also see Note 9 — Bridge Loans and Warrants):

| Issuance Date |     | Contractual 
        Term 
  (in years) |     | Balance Sheet  
 Classification |     | Shares Issuable 
 Upon            
 Exercise of     
 Warrant         |         |     | Weighted       
 Average        
 Exercise Price |      |
|:--------------|:----|------------:|:----|:---------------|:----|:----------------|--------:|:----|:---------------|-----:|
| 5/4/2025      |     |