Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 85

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 85
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 the minimum net tangible asset and GSR III Available Cash conditions, resulting in an aggregate cash payment of approximately $119.4 million out of the Trust Account based on an assumed redemption price of $10.38 per share. (3)Represents a decrease in net tangible book value, resulting from the recognition of the Sponsor’s Share -settledcontingent liability upon the Closing of the Business Combination. 549,500 GSR III Class B Ordinary Shares held by the Sponsor immediately prior to the Closing (the Vesting Sponsor Shares), which convert into shares of PubCo Ordinary Shares on a one -for -onebasis at the Closing, will immediately, upon the Closing of the Business Combination, become subject to certain vesting or forfeiture conditions. The vesting will be triggered contingent upon various milestones being met subsequent to the Closing of the Business Combination. This adjustment represents a decrease to the numerator from recognizing a Share -settledcontingent liability in the amount of $5.5 million, and a decrease to the denominator for the Vesting Sponsor Shares of 549,500. (4)Expected and actual transaction and other costs is inclusive of (i) a decrease to net tangible book value for expected and actual GSR III transaction and other costs to be incurred subsequent to December 31, 2024 and paid on or before the Closing Date of $2.1 million, and (ii) a decrease in net tangible book value in the amount of $300.0 thousand for the expected payment of the premium of directors’ and officers’ tail insurance policy on the Closing Date. (5)GSR III Public and Private Placement Rights will convert on a one -for - one-basisinto GSR III Class A Ordinary Shares immediately prior to the Closing. The following table illustrates what the valuation of PubCo would need to equal in order for non -redeemingshareholders’ interest per share to equal the $10.00 price per share for GSR III’s IPO under each redemption and warrant conversion scenario below (in thousands, except for share data):

|                                                                                  |     | Assuming    
 No          
 Redemptions 
 Into Cash   |             |     | Assuming    
 50%         
 Redemptions 
 Into Cash   |             |     | Assuming    
 Maximum     
 Redemptions 
 Into Cash   |             |
| PubCo Ordinary Shares held by Terra Innovatum Quotaholders                       |     |             |  47,500,000 |     |             |  47,500,000 |