Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 281

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 281
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 executed and analyzed. (p)To reflect, in the Maximum Redemption Scenario, the reversal of the excess of the fair value of the Share -settledcontingent liability over the pro forma balance of Additional paid -in-capitalin the No Redemption Scenario and to reflect the excess of the fair value of the Share -settledcontingent liability over the pro forma balance of Additional paid -in-capitalin the Maximum Redemption Scenario. The pro forma balance of Additional paid -in-capitaldiffers in the two scenarios given that, in the Maximum Redemption Scenario, it is assumed that 19,117,640 GSR III Class A Ordinary Shares are redeemed for cash. 133

(q)To reflect, in the Maximum Redemption Scenario, the reversal of the Terra Pre -ClosingRestructuring and acquisition of GSR III’s net assets in the No Redemption Scenario, see 3(g), and to reflect, as part of the Terra Pre -ClosingRestructuring, the Conversion of 100 New TopCo quotas into 47,500,000 PubCo Ordinary Shares at the Common Conversion Ratio of 475,000, and, to reflect upon the Closing, (ii) the acquisition of GSR III’s net assets through the issuance of 13,006,962 PubCo Ordinary Shares to holders of GSR III Ordinary Shares and 549,500 contingently issuable PubCo Ordinary Shares to the Sponsor, and (iii) the elimination of the historical accumulated deficit of GSR III, inclusive of the elimination of the GSR III accumulated deficit impacts from the Transaction Accounting Adjustments. In connection with the Terra Pre -ClosingRestructuring, each issued and outstanding quota of New TopCo will be converted into PubCo Ordinary Shares at the Common Conversion Ratio. Subsequent to the Terra Pre -ClosingRestructuring, GSR III will merge into Terra MergerCo with GSR III surviving and becoming a wholly owned subsidiary of PubCo. As a result of the merger, GSR III’s issued and outstanding shares will be converted into PubCo Ordinary Shares on a one -for-onebasis. PubCo’s acquisition of GSR III will be accounted for as an asset acquisition in accordance with ASC 805 -50, as GSR III does not meet the ASC 805 definition of a business. The net assets of GSR III will be stated at their carrying values, which are deemed to be stated at their respective fair values, and no goodwill will be recognized. As GSR III is comprised primarily of monetary assets (Cash and Investments