Company: NKLR
Filing Date: 2025-12-16
Form Type: 424B3
Source: 0001213900-25-121900
Chunk: 214

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-16
Form: 424B3
Chunk 214
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 of segment profit or loss reviewed by our CODM are
interest and dividends earned on cash and investments held in Trust Account and formation and operational costs. The CODM reviews interest
and dividends earned on cash and investments held in Trust Account to measure and monitor shareholder value and determine the most effective
strategy of investment with the Trust Account funds while maintaining compliance with the trust agreement. Formation and operational
costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a Business
Combination within the required completion window. The CODM also reviews formation and operational costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and the budget.

NOTE 10. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred
after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify
any subsequent events that would have required adjustment or disclosure in the financial statements, other than as follows.

Business Combination

On October 9, 2025, pursuant to the terms of the Business Combination
Agreement, the Business Combination was consummated. As a result of the transaction, the Company ceased to exist as an independent entity
and became a wholly owned subsidiary of Pubco. In connection with the closing, holders of 14,475,606 Class A ordinary shares elected
to redeem their shares for an aggregate payment of approximately $150.4 million (at $10.39 per share), funded from the Trust Account.
After giving effect to these redemptions, the Trust Account held approximately $88.5 million, of which approximately $69.8 million was
transferred from the Trust Account to Terra Innovatum Global as part of the closing consideration and approximately $18.7 million was
used to settle transaction-related costs, including $9.2 million for deferred underwriting commissions and other professional fees, legal
costs, and advisory expenses. Additionally, $36.8 million in PIPE proceeds was received into escrow, which funds were wired to Terra
Innovatum Global in accordance with the transaction agreements.

Name Change

Also on October 9, 2025, the Company changed its name to “XIT
Corp.” via special resolution, which name change was certified on October 14, 2025.

Stock-Based Compensation

For the 255,000 Founder Shares granted to the Company’s directors
and management person, no stock-based compensation was