Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 282

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 282
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33,001 |   |
| Excess of fair value of PubCo Ordinary Shares transferred over GSR III net assets acquired |     |                             |     | $          |  100,989 |   |

____________ (1)Consists of, in the Maximum Redemption Scenario, (i) 3,882,360 GSR III Class A Ordinary Shares subject to possible redemption. This scenario assumes that 19,117,640 GSR III Class A Ordinary Shares are redeemed. The Maximum Redemption Scenario reflects the redemption of the maximum number of GSR III Class A Ordinary Shares subject to possible redemption that can be redeemed while allowing both the minimum net tangible assets and GSR III Available Cash conditions pursuant to the Business Combination Agreement to be met. (ii) 4,945,500 GSR III Class B Ordinary Shares held by Sponsor which represents 5,495,000 issued and outstanding GSR III Class B Ordinary Shares held by Sponsor immediately prior to the Closing, excluding the 549,500 Vesting Sponsor Shares, subject to the vesting conditions pursuant to the Business Combination Agreement, (iii) 384,428 and 38,072 GSR III Class A Ordinary Shares held by Sponsor and related parties of Sponsor, respectively, (iv) 255,000 issued and outstanding GSR III Class B Ordinary Shares held by related parties of Sponsor, (v) 54,918 and 5,439 Private Placement Rights held by Sponsor and related parties of Sponsor, respectively, and 3,285,714 GSR III Public Rights, each of which will convert, on a one -for-onebasis, into GSR III Class A Ordinary Shares immediately prior to the Closing. (2)Consists of the 549,500 PubCo Ordinary Shares issued to the Sponsor at the Closing but subject to certain vesting and forfeiture conditions subsequent to the Closing. See 3(m) for further discussion including valuation approach. The derecognition of GSR III’s accumulated deficit is determined as follows (in thousands):

|                                                                                                       |     | Maximum    
 Redemption 
 Scenario   |        |   |
|:------------------------------------------------------------------------------------------------------|:----|:-----------|-------:|:--|
| Historical accumulated deficit of GSR III as of December 31, 2024                                     |     | $          |  7,315 |   |
| Dividend income on investments held in Trust Account, see 3(aa)                                       |     |            | (7,438 | ) |
| Payment of premium for a directors’ and