Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 365

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 365
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 persons who will serve as directors or executive officers of PubCo except for Massimo Morichi (Father) and Giordano Morichi (Son). Dutch Corporate Governance Code Since PubCo qualifies as a listed Dutch public limited liability company ( naamloze vennootschap), PubCo will be subject to the Dutch Corporate Governance Code (the “ DCGC”). The DCGC contains both principles and best practice provisions on corporate governance that regulate relations between the board of directors and the general meeting and matters in respect of financial reporting, auditors, disclosure, compliance and enforcement standards. The DCGC is based on a “comply or explain” principle. Accordingly, PubCo is required to disclose in its statutory management report, filed in the Netherlands, whether it complies with the provisions of the DCGC. If PubCo does not comply with these provisions, PubCo is required to give the reasons for such non -compliance. Independence of the Board of Directors In connection with the Business Combination, the PubCo Ordinary Shares will be listed on Nasdaq. Under the rules of Nasdaq, independent directors must comprise a majority of a listed company’s board of directors. In addition, the rules of Nasdaq require that, subject to specified exceptions, each member of a listed company’s audit, compensation and nominating and corporate governance committees be independent. Under the rules of Nasdaq, a director will only qualify as an “independent director” if in the opinion of that company’s board of directors, that person does not have a relationship that would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. Audit committee members must also satisfy the additional independence criteria set forth in Rule 10A -3under the Exchange Act and the rules of Nasdaq. Compensation committee members must also satisfy the additional independence criteria set forth in Rule 10C -1under the Exchange Act and the rules of Nasdaq. In order to be considered independent for purposes of Rule 10A -3under the Exchange Act and under the rules of Nasdaq, a member of an audit committee of a listed company may not, other than in his or her capacity as a member of the committee, the board of directors, or any other board committee: (a) accept, directly or indirectly, any consulting, advisory, or other compensatory fee from the listed company or any of its subsidiaries; or (b) be an affiliated person of the listed company or any of its subsidiaries. 187 To be considered independent for purposes of Rule