Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 312

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 312
---
ent liability was calculated using a probability weighted -averageanalysis of the 146

achievement of each of the milestones and a Monte Carlo simulation model. The simulation incorporated (i) an underlying share price of $10.00 per share, (ii) a 4.0% risk free rate, and (iii) an estimated volatility of 125% based on historical data of comparable public companies. As the $796.3 million fair value of the resulting Share -settledcontingent liability exceeded the pro forma balance of Additional paid -in -capital, the excess of the fair value over the pro forma balance of Additional paid -in -capitalwas recorded as an increase to Accumulated deficit of $575.9 million. (o)To reflect the issuance of 772,599 PubCo Ordinary Shares upon the conversion of the aggregate principal and accrued interest on the Bridge Loans at Closing, at a conversion price of $7.00 per share. At the Closing, the Bridge Loans will have an aggregate principal balance of $5.1 million, with associated unamortized debt discounts of $2.1 million and unamortized debt issuance costs of $9 . 8 thousand. During the period from July1, 2025 through the Closing, $383.3 thousand of the debt discount and $2.3 thousand of the issuance costs were amortized, and $199.6 thousand of interest expense was incurred. As a result, a net total of $3.3 million of bridge loans, net was derecognized from the unaudited pro forma condensed combined balance sheet as of June 30, 2025 with a corresponding increase to PubCo Ordinary Shares of $9.1 thousand to reflect the par value of the shares issued and the remaining $3.3 million to additional paid -incapital in accordance with ASC 470 -20-40-4. (p)To reflect the conversion of all 422,500 GSR III Class A Ordinary Shares not subject to possible redemption issued and outstanding immediately prior to the Closing into PubCo Ordinary Shares, and to reflect the conversion of 5,200,500 GSR III Class B Ordinary Shares issued and outstanding immediately prior to the Closing into PubCo Ordinary Shares (5,750,000 issued and outstanding GSR III Class B Ordinary Shares less the 549,500 GSR III Class B Ordinary Shares subject to certain vesting or forfeiture conditions) (see Note 3(m)). Additionally, to reflect the conversion of 3,