Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 301

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 301
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 amendments. The effects of the amendments were accounted for as a dividend made to the affected Bridge Loan lenders. The dividend was measured as the sum of (i) the excess of the fair value of the modified $11.50 warrants post -amendmentover their pre -amendmentfair value, and (ii) the fair value of the new $15.00 warrants on the amendment date. The fair values of the affected warrants were determined using a Black -Scholes-Mertonmodel, based on the following assumptions: (i) share price of $10.00, (ii) risk -freerate of 3.7% – 3.8%, (iii) volatility of 106% – 108%, and (iv) an 8.3% – 9.3% discount for lack of marketability. The resulting dividend of $6.2million was recorded as a reduction to additional paid -incapital (APIC), offset by a corresponding increase in APIC for the warrants’ fair value adjustment, resulting in a $0 net impact to APIC. This dividend is reflected in the pro forma net loss per share calculation for the year ended December31, 2024 (see Note 4(h)). Pro Forma Other Transaction Accounting Adjustments: (a)To reflect, in the No Redemption Scenario, the release of the cash and investments held in the Trust Account to cash and cash equivalents, assuming no GSR III public shareholders exercise their right to have their GSR III Class A Ordinary Shares redeemed for their pro rata share of the Trust Account. The amount of investments held in the Trust Account released to cash is equal to the historical balance of the Trust Account as of June30, 2025 in the amount of $236.3 million, plus $2.4million actual and expected dividend income on the Trust Account subsequent to June30, 2025 through the estimated Closing Date (see Note 3(aa)). (b)To reflect the recognition of (i) the issuance of PubCo Preferred Shares to PAC upon the Closing and (ii) the associated conversion feature which will be automatically triggered if contingent milestones are met subsequent to the Closing. Refer to the Introduction section above for description of the various milestones. The PubCo Preferred Shares will be forfeited by the holder if they are not converted within 20 years from the issuance date, the Closing. As the PubCo Preferred Shares may be forfeited, management has concluded that they should be evaluated, accounted for, and classified,