Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 53

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 53
---
 all voting rights for these shares prior to conversion to the extent permitted by Dutch law. They have further agreed to grant the Chief Executive Officer a proxy to vote all such shares on all matters for which voting rights cannot be waived. The Chief Executive Officer will vote such shares in the same proportion as all other PubCo Ordinary Shares are voted so as to have no impact on the result of any proposal put before shareholders. Under Dutch law, the votes underlying each Preferred Share may be apportioned so as to facilitate this proportionate voting. Q.What equity stake will the current shareholders of GSR III and the current quotaholders of Terra Innovatum hold in PubCo immediately after the Closing? A.It is anticipated that, following the Closing, in a no redemption scenario: (i) GSR III’s public shareholders will own approximately 32.5% of the outstanding PubCo Ordinary Shares; (ii) the Sponsor and related parties will own approximately 7.7% of the outstanding PubCo Ordinary Shares; (iii) the Terra Innovatum Quotaholders will own approximately 58.6% of the outstanding PubCo Ordinary Shares; and (iv) unrelated third parties will own approximately 1.2% of the outstanding PubCo Ordinary Shares. xxiii

The following table illustrates the estimated ownership levels in PubCo immediately following the consummation of the Business Combination under redemption scenarios, excluding the potential dilutive effects of (i) the additional shares for Terra Innovatum Quotaholders and PAC upon conversion of PubCo’s Preferred Shares and (ii) the potentially issuable additional shares for PAC and Bridge Loan lenders underlying the warrants to be issued at Closing in all scenarios:

|                                                                         |     |           Assuming No 
 Redemptions Into Cash |      |     |           |   |     |          Assuming 50% 
 Redemptions Into Cash |      |     |           |   |     |      Assuming Maximum 
 Redemptions Into Cash |      |     |           |   |
|                                                                         |     |                Shares |      |     |         % 
 Ownership |   |     |                Shares |      |     |         % 
 Ownership |   |     |                Shares |      |     |         % 
 Ownership |   |
| PubCo Ordinary Shares held by Terra Innovatum Quotaholders(1)           |     |            47,500,000 |      |     |      58.6 | % |     |            47,500,000 |      |     |