Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 283

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 283
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 officers’ tail insurance policy on the Closing Date, see 3(k) |     |            |    300 |   |
| Estimated transaction costs of GSR III through the estimated Closing Date, see 3(e)                   |     |            |  2,118 |   |
| Total adjustment to derecognize GSR III’s accumulated deficit                                         |     | $          |  2,295 |   |

The adjustment to accumulated deficit in Note 3(q) is determined as follows (in thousands):

|                                                                                            |     | Maximum    
 Redemption 
 Scenario   |          |   |
|:-------------------------------------------------------------------------------------------|:----|:-----------|---------:|:--|
| Excess of fair value of PubCo Ordinary Shares transferred over GSR III net assets acquired |     | $          | (100,989 | ) |
| Total adjustment to derecognize GSR III’s accumulated deficit                              |     |            |    2,295 |   |
| Reversal of net adjustment to accumulated deficit in Note 3(g)                             |     |            |   91,337 |   |
| Net adjustment to accumulated deficit in Note 3(q)                                         |     | $          |   (7,357 | ) |

135 4. Adjustments to Unaudited Pro Forma Condensed Combined Statement of Operations for the Year Ended December 31, 2024 The pro forma notes and adjustments, based on preliminary estimates that could change materially as additional information is obtained, are as follows: Pro Forma Transaction Accounting Adjustments: (a)To reflect the estimated transaction costs of GSR III for certain accounting, auditing and other professional fees expected to be incurred in connection with the Closing that are not deemed directly attributable to the offering of securities associated with the Closing. This is a non -recurringitem. (b)To reflect, in the No Redemption Scenario, the excess of the fair value of the consideration transferred in the form of PubCo Ordinary Shares issued to holders of GSR III Ordinary Shares, over the GSR III net assets acquired. As the GSR III net assets acquired primarily consist of monetary assets, Cash and Investments held in Trust Account, it was determined to not be appropriate to allocate the excess of the fair value of the PubCo Ordinary Shares transferred to the GSR III net assets acquired as this would result in the recognition of an immediate loss when subsequent U.S. GAAP were to be applied. As such, the excess of the fair value of the Pub