Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 368

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 368
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A) of the Exchange Act and following the Business Combination will consist of at least three directors who will be appointed prior to the consummation of the Business Combination, each of whom is a non -executivedirector of PubCo’s board of directors and an independent director as well as “financially literate” as defined under the Nasdaq listing standards. We will nominate one of the non -executiveindependent directors to serve as chairperson of the Audit Committee, who will also qualify as an “audit committee financial expert,” as defined under rules and regulations of the SEC. The purpose of the Audit Committee will be to prepare the audit committee report required by the SEC to be included in PubCo’s proxy statement and to assist the PubCo board of directors to (A) oversee: (i) accounting and financial reporting processes and the audits of the financial statements of PubCo; (ii) the integrity of PubCo’s financial statements; (iii) PubCo’s processes relating to risk management and the conduct and systems of internal control over financial reporting and disclosure controls and procedures; (iv) the qualifications, engagement, compensation, independence and performance of PubCo’s independent auditor, and the auditor’s conduct of the annual audit of the PubCo’s financial statements and any other services provided to PubCo; and (v) the performance of PubCo’s internal audit function, if any; and (B) produce the annual report of the Audit Committee required by the rules of the SEC. The PubCo board of directors will operate pursuant to a written charter for the Audit Committee which will be available on PubCo’s website upon the completion of the Business Combination. Compensation Committee Following the Business Combination, our Compensation Committee will consist of at least three directors who will be appointed prior to the consummation of the Business Combination, each of whom is a non -executivedirector of PubCo’s board of directors and an independent director under Nasdaq’s listing standards. A chairperson of the Compensation Committee will also be appointed. The purpose of the Compensation Committee is to assist the PubCo board of directors to (A) carry out the PubCo board of directors’s overall responsibility relating to organizational strength and executive compensation; (B) assist the PubCo board of directors in overseeing PubCo’s employee compensation policies and practices, including (i) determining and approving the compensation of PubCo’s Chief Executive Officer (“CEO”) and PubCo’s other executive officers, and (ii) reviewing and approving incentive compensation and equity compensation policies and programs, and exercising