Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 97

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 97
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21,018,571 |   |     |             |  12,912,207 |   |

____________ (1)GSR III’s historical net tangible book value is calculated as GSR III’s total historical tangible assets less total historical liabilities as of June 30, 2025. (2)Represents, in the Maximum Redemption Scenario, a decrease in net tangible book value in the amount of $203.5 million assuming that 19,606,364 GSR III Class A Ordinary Shares are redeemed, subject to the minimum net tangible asset and GSR III Available Cash conditions, resulting in an aggregate cash payment of approximately $203.5 million out of the Trust Account based on an assumed redemption price of $10.38 per share. Further, in the 50% Redemption Scenario, represents a decrease in net tangible book value in the amount of $119.3 million assuming that 11,500,000 GSR III Class A Ordinary Shares are redeemed, subject to the minimum net tangible asset and GSR III Available Cash conditions, resulting in an aggregate cash payment of approximately $119.3 million out of the Trust Account based on an assumed redemption price of $10.38 per share. (3) Represents a decrease in net tangible book value, resulting from the recognition of the Sponsor’s Share -settledcontingent liability upon the Closing of the Business Combination. 549,500 GSR III Class B Ordinary Shares held by the Sponsor immediately prior to the Closing (the Vesting Sponsor Shares), which convert into shares of PubCo Ordinary Shares on a one -for -onebasis at the Closing, will immediately, upon the Closing of the Business Combination, become subject to certain vesting or forfeiture conditions. The vesting will be triggered contingent upon various milestones being met

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subsequent to the Closing of the Business Combination. This adjustment represents a decrease to the numerator from recognizing a Share -settledcontingent liability in the amount of $5.5 million. There is no adjustment to the denominator as the Sponsor will retain voting power with respect to the Vesting Sponsor Shares. (4)Expected and actual transaction and other costs is inclusive of (i) a decrease to net tangible book value for expected and actual GSR III transaction and other costs to be incurred subsequent to June 30, 2025 and paid on or before the Closing Date of $1.4 million, and (ii) a decrease in net tangible book value in the amount of $300.0 thousand for the expected payment