Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 108

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 108
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 Preferred Shares (subject                                    
 to appropriate adjustment in the event of any stock dividend, stock split, combination or    
 other similar recapitalization with respect to the PubCo Preferred Shares), in the aggregate 
 among the Terra Innovatum Global Quotaholders in accordance with their pro rata portion,     
 if at any time during the seven-year period following the Closing (the “Second Conversion    
 Period”), and together with the First Conversion Period, the “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 of the Atomic Energy    
 Act of 1954 as set forth in 10 CFR, whichever occurs earlier.                                |

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| ● | An amount equal to 25% of PubCo Preferred Shares (subject                                    
 to appropriate adjustment in the event of any stock dividend, stock split, combination or    
 other similar recapitalization with respect to the PubCo Preferred Shares), in the aggregate 
 among the Terra Innovatum Global Quotaholders in accordance with their pro rata portion,     
 if at any time during the Second Conversion Period, (A) the PubCo Trading Price is greater   
 than $18.00, or (B) issuance of an operating license of SOLO Test Reactor pursuant 10 CFR    
 Part 50, whichever occurs earlier.                                                           |

| ● | If, prior to the end of the applicable Conversion Period,                                             
 the applicable share price triggers have not been achieved, and PubCo enters into a definitive        
 agreement that would result in a Change of Control transaction, and (A) the price per share           
 of PubCo Ordinary Shares payable to the shareholders of PubCo in such Change of Control transaction   
 (the “Change of Control Offer Price”) is at least $5.00 per share, then as of                         
 immediately prior to the closing of such Change of Control transaction, (x) the applicable            
 share price triggers that have not been achieved shall be deemed to have been satisfied,              
 and (y) the PubCo Preferred Shares shall convert into PubCo Ordinary Shares at the Preferred/Ordinary 
 Conversion Ratio described above as if such Change of Control Offer Price constituted the             
 applicable share price trigger pursuant to the Business Combination Agreement; or (B) the             
 Change of Control Offer Price is less than $5.00 per share but greater than $2.50 per share,          
 then as of immediately