Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 531

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 531
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NOTES TO THE FINANCIAL STATEMENTS 5.COMMITMENTS AND CONTINGENCIES (cont.) • Contribution of Ownership Interests: Following the formation of Terra Global, all owners of Terra OpCo will contribute 100% of their respective quotas in the capital of Terra OpCo to Terra Global (the “Contribution”). As a result of the Contribution, Terra OpCo will become a wholly owned subsidiary of Terra Global. • Conversion: Immediately after the Contribution but before the Merger and any PIPE or alternative financing, Terra Global will be converted from an Italian limited liability company into a Dutch public limited company. Formation of Terra MergerCo After the Terra Pre -closingRestructuring, Terra Global will form a Cayman Islands exempted company (“Terra MergerCo”) as a direct, wholly owned subsidiary to complete the merger. Closing Date On the closing date of the merger, GSR III will continue as the surviving entity and become a wholly owned subsidiary of Terra Global. At the effective time of the merger, each outstanding ordinary share of GSR III will be exchanged for one ordinary share of Terra Global (the “Merger”). Registration and Listing Terra Global plans to register the shares with the U.S. Securities and Exchange Commission and apply to list these shares on the Nasdaq Stock Market. Conditions and Closing Date The Merger requires approval from GSR III shareholders and the satisfaction of other customary closing conditions. 6.RELATED PARTY Alessandro Petruzzi, a director of the Company has 27.2%, or $3,100 ownership of the Company. 7.SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred up to the date the financial statements were issued, and determined that there have been no events that have occurred that would require adjustments to disclosures in the financial statements other than the following: Contribution Of Ownership Interests On June19, 2025, the quotaholders, who collectively own 100% of both Terra Global and Terra, contributed all of their ownership interests in Terra to Terra Global pursuant to the Contribution, in accordance with their existing ownership percentages in Terra. This Contribution was executed as part of the pre -closingrestructuring related to the Merger. As a result, Terra became a wholly owned subsidiary of Terra Global. Related Party Loan On June25, 2025, Terra Global entered into a related party loan agreement with Terra for up to $1,165,900 (€1,000,000 EUR). The loan is to be disbursed within three days of request, carries a