Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 304

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 304
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 and 77.4% of the voting power held by legacy Terra Innovatum Global Quotaholders depending on the redemption scenario. •All of the senior management of PubCo will come from the senior management of Terra Innovatum. •Terra Innovatum will appoint a majority of the directors to the board of directors of PubCo. •The intended strategy of PubCo will be to continue to focus on Terra Innovatum’s core service offerings. 3. Adjustments to the Unaudited Pro Forma Condensed Combined Balance Sheet as of June 30 , 2025 The pro forma notes and adjustments, based on preliminary estimates that could change materially as additional information is obtained, are as follows: Pro Forma Adjustments for Bridge Loan Financing: (aaa) Subsequent to June 30, 2025, Terra Innovatum issued three convertible Bridge Loans for cash proceeds of $130.0 thousand. Additionally, in connection with the Bridge Loans, Terra Innovatum committed to issue two sets of warrants upon the Closing of the Business Combination to these Bridge Loan lenders. These warrants are considered outstanding for financial reporting purposes and qualify for equity classification under ASC 815 -40. $78.4 thousand of the proceeds was allocated to these warrants, which are exercisable for 38,260 PubCo Ordinary Shares, resulting in a $78.4 thousand increase to additional paid -incapital on the unaudited pro forma condensed combined balance sheet as of June30, 2025. The $130.0 thousand proceeds were allocated between the Bridge Notes and the equity -classifiedwarrants on the basis of their relative fair values. The fair values were determined using a Black -Scholes -Mertonmodel with assumptions including a $10.00share price, 4.0% risk -freerate, 109% volatility, and an 11% discount for lack of marketability. As a result, a $78.4 thousand debt discount was recognized, reducing the carrying value of the Bridge Loans to $51.6 thousand recognized in bridge loans, net on the unaudited pro forma condensed combined balance sheet as of June 30, 2025. Pro Forma Adjustments for Other Material Events: (aa)To reflect actual and expected dividends on investments held in the Trust Account from July 1, 2025 through the estimated Closing Date of September 30, 2025. (bb) To reflect estimated interest incurred of $9.0 thousand from issuance date through the estimated Closing Date on the