Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 203

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 203
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 the market will not support the valuation of the PubCo either as a result of a general market downturn or risks specific to the PubCo. In this case, the stock price may be reasonably expected to trade below the Trust Account amount per share of approximately $10.37 as of August 25, 2025. If this scenario were to materialize, the GSR III public shareholders would have been better off redeeming their GSR III Public Shares than holding their GSR III Public Shares following the Closing. |
| Terra Innovatum                      |     | The Business Combination represents the opportunity for Terra Innovatum to become a publicly traded company while maintaining Terra Innovatum’s mission. Becoming a publicly traded company as a result of the Business Combination would provide the PubCo with enhanced access to capital to facilitate its growth, as well as greater liquidity to Terra Innovatum’s shareholders. Becoming a public company could increase Terra Innovatum’s profile and visibility. SPAC sponsors are expected to bring access to networks which could help accelerating the company’s growth. The Business Combination is conditioned on the receipt of approval for listing on Nasdaq of the shares of PubCo Ordinary Shares to be issued in connection with the Business Combination. |     | The potential detriments to Terra Innovatum and its affiliates are the increased costs and difficulty of operating as a public company and the dilution of their ownership stake in Terra Innovatum as a result of the Business Combination.                                                                                                                                                                                                                                                                                                                                |

Interests of Certain Persons in the Business Combination When you consider the recommendation of the GSR III Board to vote in favor of the Business Combination Proposal and Merger Proposal, GSR III shareholders should keep in mind that the GSR III Initial Shareholders, including GSR III’s directors and executive officers, have interests in such proposals that are different from, or in addition to, those of the other GSR III shareholders generally. GSR III shareholders should take these interests into account in deciding whether to approve the Business Combination Proposal and Merger Proposal. These interests include, among other things, the interests listed below: •the fact that the Sponsor and GSR III’s directors have agreed not to redeem any Founder Shares held by them in connection with a shareholder vote to approve a proposed initial business combination, including the Business Combination;

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•the fact that the Sponsor paid an aggregate of $25,000 for the 5,750,000 Founder Shares currently owned by the Sponsor and the Other Class B Shareholders and such securities will have a significantly higher value upon the consummation of