Company: NKLR
Filing Date: 2025-11-10
Form Type: S-1
Source: 0001213900-25-108246
Chunk: 15

Company: Terra Innovatum Global N.V.
Filing Date: 2025-11-10
Form: S-1
Chunk 15
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 the Closing upon conversion of underlying GSR III Rights held by such
Sponsor Holders; (iii) the Management Holders were issued 47,500,000 Terra Shares and 8,000 Terra Preferred Shares, which Terra Preferred
Shares mandatorily convert into Terra Shares at the Preferred Conversion Ratio of 10,000 Terra Shares per Terra Preferred Share in accordance
with the terms of the Conversion Milestones; and (iii) as a Closing success fee earned pursuant to the Advisor Agreement (as defined herein
under “—Certain Defined Terms”), (a) 40 Terra Preferred Shares were issued to certain affiliates of Moonshot
Warehouse Ltd (the “Advisor,” and such affiliates, together with the Advisor, the “Advisor Holders”),
each with the same Conversion Milestones applicable to the Terra Preferred Shares issued to the Management Holders, (b) 223,000 Terra
Shares were issued to the Advisor Holders; and (c) the Advisor was issued a warrant to purchase up to 1,000,000 Terra Shares at an exercise
price of $7.00 per share (the “Advisor Warrant”).

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Concurrently with the Closing, Terra, the Sponsor
Holders and the Management Holders entered into an amended and restated registration rights agreement of even date (the “Registration Rights Agreement”) pursuant to which, among other things, the Management Holders were granted certain registration rights with
respect to certain Terra Shares and other equity securities of Terra held by them from time to time.

Bridge Loans

Between May 2025 and September 2025, Terra entered
into convertible bridge loans for gross cash proceeds of $5.0 million (as amended, the “Bridge Loans”). The Bridge
Loans accrued interest at the rate of 15.00% per annum, payable in kind, calculated on the outstanding principal balance. On the Closing
of the Business Combination, the principal and accrued interest on the Bridge Loans converted into 851,483 Terra Shares, in the aggregate,
at a conversion price of $7.00 per share (the “Bridge Shares”). Additionally, in connection with the Bridge Loans,
as amended in August and September 2025, Terra committed to issue to certain Bridge Loan lenders (the “Bridge Lenders”),
following the Business Combination: (i) warrants to purchase the number of Terra shares equal to 100% of the number of Terra Shares into
which the applicable Bridge Loan converted at Closing at an exercise price