Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 417

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 417
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 a further discussion of these considerations. 239 PROPOSAL NO. 3 — THE ADJOURNMENT PROPOSAL Overview GSR III is proposing the Adjournment Proposal to allow the GSR III board of directors to adjourn the General Meeting to a later date or dates (A) in order to solicit additional proxies for the purpose of obtaining GSR III shareholder approval of the transaction proposals to be voted upon at the General Meeting, (B) if as of the time for which the General Meeting is scheduled, there are insufficient GSR III Class A Ordinary Shares represented (either in person or by proxy) to constitute a quorum necessary to conduct business at the General Meeting, (C) to allow reasonable time for the filing or mailing of any supplemental or amended disclosures that GSR III has determined, based on the advice of outside legal counsel, is reasonably likely to be required under applicable law and for such supplemental or amended disclosure to be disseminated and reviewed by the GSR III shareholders prior to the General Meeting, or (D) if GSR III shareholders redeem an amount of GSR III Class A Ordinary Shares such that the condition to Terra Innovatum’s obligation to consummate the Business Combination that the amount of cash available for release in the Trust Account (net of the Cash Redemption Amount) be equal to or greater $25,000,000 is not satisfied. Consequences if the Adjournment Proposal is Not Approved If the Adjournment Proposal is not approved by GSR III shareholders, the GSR III board of directors may not be able to adjourn the General Meeting to a later date in the event that there are insufficient votes for, or otherwise in connection with, the approval of the Business Combination Proposal or any other proposal, or in the event that GSR III shareholders redeem an amount of GSR III Class A Ordinary Shares such that the GSR III Available Cash Condition would not be satisfied. Vote Required for Approval The Adjournment Proposal is not conditioned on the approval of any other proposal at the General Meeting. The Adjournment Proposal will be adopted and approved only if the GSR III shareholders approve an ordinary resolution under Cayman Islands law, being, where a quorum is present, the affirmative vote “ FOR” the Adjournment Proposal of the holders of at least a majority of the issued GSR III Class A Ordinary Shares who are present in person or represented by proxy and entitled to vote thereon and who vote at the General Meeting. Broker non -voteswill not be counted in connection with the determination