Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 187

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 187
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 Business Combination Agreement. The value represents the number of PubCo Ordinary Shares issued to Terra Innovatum Quotaholders in the amount of 47,500,000, at a per share value of $10.00. (2)Represents the fair value of consideration, determined as the number of GSR III Ordinary Shares outstanding immediately prior to the Closing of the Business Combination, by a $10.00 per share value, plus the fair value of contingently issuable PubCo Ordinary Shares to the Sponsor, the Vesting Sponsor Shares (Sponsor additional shares). The number of GSR III Ordinary Shares outstanding, net of the Vesting Sponsor Shares, is 31,969,071, 20,469,071, and 12,851,431 in the No Redemption Scenario, 50% Redemption Scenario, and Maximum Redemption Scenario, respectively. The fair value of the Vesting Sponsor Shares in each redemption scenario is $5.5 million. (3)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 $9.2 million, (ii) $6.7 million of advisory, legal and other professional fees incurred by Terra Innovatum, (iii) $2.1 million of advisory and other professional fees incurred by GSR III, (iv) a $300.0 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 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