Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 211

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 211
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 amount of 47,500,000, at a per share value of $10.00. (2) This amount includes the assumed payment on the Closing Date of the following transaction related costs, (i) payment of a deferred underwriting fee in the amount of $9.2million, (ii) $7.1million of advisory, legal and other professional fees incurred by Terra Innovatum, (iii) $2.1million of advisory and other professional fees incurred by GSR III, (iv) a $300.0

81 thousand premium for a directors’ and officers’ tail insurance policy covering directors and officers coming from GSR III, and (v) a $300.0 thousand premium for a directors’ and officers’ insurance policy covering directors and officers coming from Terra Innovatum. Accounting Treatment of the Business Combination In connection with the Terra Pre -ClosingRestructuring, each issued and outstanding quota of New TopCo will be converted into PubCo Ordinary Shares at the Common Conversion Ratio. Subsequent to the Terra Pre -ClosingRestructuring, GSR III will merge into Terra MergerCo with GSR III surviving and becoming a wholly owned subsidiary of PubCo. As a result of the merger, GSR III’s issued and outstanding shares will be converted into PubCo Ordinary Shares on a one -for-onebasis. PubCo’s acquisition of GSR III will be accounted for as a recapitalization by/via an asset acquisition in accordance with ASC 805 -50, as GSR III does not meet the ASC 805 definition of a business. The consideration transferred to the GSR III shareholders to effect the asset acquisition consists of PubCo Ordinary Shares and contingently issuable PubCo Ordinary Shares. As GSR III is comprised primarily of monetary assets (Cash and Investments held in Trust Account), the fair value of the aforementioned consideration transferred is deemed equivalent to GSR III’s net assets. As the consideration transferred is deemed equivalent to the net assets acquired, the net assets of GSR III will be stated at their carrying values, which are deemed to be stated at their respective fair values, and no goodwill (or gain or loss) will be recognized. The conversion of New TopCo’s issued and outstanding quotas into PubCo Ordinary Shares, which will be effected in connection with the aforementioned asset acquisition (a recapitalization by/via asset acquisition), will be accounted for as a recapitalization in accordance with U.S. GAAP. GSR III will be treated as the “acquired” company