Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 178

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 178
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 of officers or directors, which is expected to provide important continuity in advancing Terra Innovatum’s strategic and growth goals. • Lock - Up .The fact that the Governing Documents of PubCo will restrict transfer, assignment and sale of the Lock -UpShares held by Terra Innovatum and, subject to certain exceptions, the Terra Lock -UpShares will be released from such restrictions as follows: provided that, (i) 25% of the Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $12.00 or PubCo 67 issuing its first quarterly earnings release that occurs at least 120 days after the Closing, (ii) an additional 25% of the Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $14.00 or PubCo issuing its second quarterly earnings release that occurs at least 120 days after the Closing, (iii) a further 25% of the Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $16.00 or PubCo issuing its third quarterly earnings release that occurs at least 120 days after the Closing and (iv) all the remaining Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $18.00 or PubCo issuing its fourth quarterly earnings release that occurs at least 120 days after the Closing. • Post -Business Combination Corporate Governance .The fact that the Sponsor will have certain post -closingcorporate governance rights in Terra Innovatum, including the right to nominate two directors to the PubCo board of directors, as further described in “ Description of PubCo Securities — Board of Directors — Nomination and Appointment.” • Negotiated Transaction .The financial and other terms of the Business Combination Agreement and the fact that such terms and conditions were the product of arm’s length negotiations between GSR III and Terra Innovatum. The GSR III Board also considered a variety of uncertainties and risks and other potentially negative factors concerning the Business Combination, including, but not limited to, the following: • Macroeconomic Risks .The risk that the future financial performance of PubCo may not meet the GSR III Board’s expectations due to factors in PubCo’s control or out of its control. • Redemption Risk .The potential that a significant number of GSR III’s shareholders elect to redeem their shares prior to the consummation of the Business Combination and pursuant to the GSR III amended and restated