Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 276

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 276
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 transaction costs of Terra Innovatum of $6.7 million, which includes the payment of $32.3 thousand of transaction costs that were incurred prior to December 31, 2024 and that were recorded as accounts payable in the historical Terra Innovatum financial statements, as well as payment of $6.7 million of transaction costs that are anticipated to be incurred subsequent to December 31, 2024 but prior to the estimated Closing Date. The adjustment reflects advisory, legal and other professional fees of $5.6 million that are deemed specific incremental costs directly attributable to the offering of securities associated with the Closing. These costs of $5.6 million are recorded as a reduction to additional paid -incapital. The adjustment also reflects $1.1 million of additional transaction costs related to the Closing that are not deemed specific incremental costs directly attributable to the offering of securities associated with the Closing. These additional transaction costs are recorded as an increase to accumulated deficit. (g)To reflect, as part of the Terra Pre -ClosingRestructuring, the Conversion of 100 New TopCo quotas into 47,500,000 PubCo Ordinary Shares at the Common Conversion Ratio of 475,000, and, to reflect upon the Closing, (ii) the acquisition of GSR III’s net assets through the issuance of 31,969,071 PubCo Ordinary Shares to holders of GSR III Ordinary Shares and 549,500 contingently issuable PubCo Ordinary Shares to the Sponsor, and (iii) the elimination of the historical accumulated deficit of GSR III, inclusive of the elimination of the GSR III accumulated deficit impacts from the Transaction Accounting Adjustments. 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 an asset acquisition in accordance with ASC 805 -50, as GSR III does not meet the ASC 805 definition of a business. 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 will