Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 298

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 298
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 a reduction to additional paid -incapital), and $14.4 thousand to liability -classifiedwarrants (expensed immediately in -linewith ASC 825 -10). Pro Forma Adjustments for Other Material Events: (aa)To reflect actual and expected dividends on investments held in the Trust Account from April 1, 2025 through the estimated Closing Date of September 30, 2025. (bb) Effective June 6, 2025, Terra Innovatum determined that the Bridge Package funding threshold had been met. As a result, warrants exercisable for 789,613 PubCo Ordinary Shares will be issued at Closing in connection with the Bridge Loans subject to the Bridge Package provision. In accordance with ASC 815 -40-35-8, the liability -classifiedwarrants were re -evaluatedand reclassified to equity as of June 6, 2025. This final remeasurement of the liability resulted in a $460.0 thousand fair value adjustment, recognized in the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024. The fair value was determined using a Black -Scholes -Mertonmodel with the following assumptions: (i) share price of $10.00, (ii) risk -freerate of 4.0%, (iii) volatility of 108%, and (iv) 13.0% discount for lack of marketability. (cc)To reflect estimated interest incurred and amortization of debt issuance costs and debt discounts (see adjustment 3(aaa)) from issuance date through the estimated Closing Date. Pro Forma Other Transaction Accounting Adjustments: (a)To reflect, in the No Redemption Scenario, the release of the cash and investments held in the Trust Account to cash and cash equivalents, assuming no GSR III public shareholders exercise their right to have their GSR III Class A Ordinary Shares redeemed for their pro rata share of the Trust Account. The amount of investments held in the Trust Account released to cash is equal to the historical balance of the Trust Account as of March 31, 2025 in the amount of $233.8 million, plus $4.8 million actual and expected dividend income on the Trust Account subsequent to March 31, 2025 through the estimated Closing Date (see Note 3(aa)). (b)To reflect the recognition of (i) the issuance of PubCo Preferred Shares to PAC upon the Closing and (ii) the associated conversion feature which