Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 176

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 176
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 things, removed provisions related to “block trades”. On April16, 2025, Loeb shared comments to the Business Combination Agreement with Latham, which, among other things, included certain changes to the structure of the transactions, the parties pre -closingcovenants, and Italian law considerations. On April18, 2025, Latham shared revised drafts of the Business Combination Agreement, Sponsor Support Agreement and the Registration Rights Agreement with Loeb. Among other things, the primary changes to the Business Combination Agreement included revisions to the structure of the transactions and related closing conditions. On April19, 2025, Loeb shared revised drafts of the Business Combination Agreement and Sponsor Support Agreement with Latham. Among other things, the primary changes to the Business Combination Agreement included (i) certain changes relating to certain pre -closingcovenants of Terra Innovatum and (ii) certain changes relating to the conditions to closing. On April 21, 2025, Loeb shared a revised draft of the Business Combination Agreement. On April 21, 2025, the GSR III board of directors approved the Business Combination Agreement, Sponsor Support Agreement and Registration Rights Agreement, and the parties executed the Business Combination Agreement and the Sponsor Support Agreement. On April28, 2025, GSR III signed an engagement letter to appoint The Benchmark Company LLC to serve as a non -exclusiveplacement agent for a private placement of securities. 66 Following the execution of the Business Combination Agreement, on April 22, 2025 and before the stock market opened in the United States, GSR III and Terra Innovatum issued a joint press release announcing the execution of the Business Combination Agreement. Shortly thereafter, GSR III filed with the SEC a Current Report on Form 8 -Kannouncing the execution of the Business Combination Agreement. GSR III Board’s Reasons for Approval of the Business Combination In evaluating the transaction with Terra Innovatum, the GSR III Board consulted with its management, advisors and legal counsel as well as financial and other consultants, and considered and evaluated several factors. In particular, the GSR III Board considered the following positive factors, although not weighted or in any order of significance, in deciding to approve the Business Combination Proposal: • Growth Prospects .Terra Innovatum operates in the energy industry, which the GSR III Board believes is an attractive industry with strong growth prospects. • Transaction Proceeds .Depending on the extent of redemptions by GSR III’s public shareholders and on the final amount of the expenses incurred