Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 226

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 226
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 their tax advisers concerning the U.S. federal income tax consequences to them and their partners of participating in the Transactions and the ownership and disposition of PubCo Ordinary Shares. This discussion is based on the tax laws of the United States, including the Code, its legislative history, existing and proposed regulations thereunder, published rulings and court decisions, all as of the date hereof and all subject to change at any time, possibly with retroactive effect. ALL HOLDERS OF GSR III Class A Ordinary SharesSHOULD CONSULT THEIR TAX ADVISORS AS TO THE PARTICULAR TAX CONSEQUENCES TO THEM OF THE TRANSACTIONS AND CONSIDERATIONS RELATING TO THE OWNERSHIP AND DISPOSITION OF NEW PUBCO Securities, INCLUDING THE APPLICABILITY AND EFFECT OF STATE, LOCAL, NON -U.S. AND OTHER TAX LAWS AND POSSIBLE CHANGES IN TAX LAW. 95 Tax Considerations for GSR III GSR III should not recognize any gain or loss for U.S. federal income tax purposes as a result of the Merger. Tax Considerations for U.S. holders The Business Combination Intended Tax Treatment This discussion is subject to the discussions under “— Section 367(a)” and “— Passive Foreign Investment Company Rules” below. In the opinion of Latham & Watkins LLP, counsel to GSR III, the Terra Pre -ClosingRestructuring and the Merger, taken together with other relevant transactions, should qualify as exchanges described in Section 351 of the Code for U.S. federal income tax purposes, subject to the assumptions, qualifications and limitations described herein and in the opinion included as Exhibit 8.1 hereto. An opinion of counsel is not binding on the IRS or any court, and there can be no assurance that the IRS or any court will agree with this position. Neither GSR III nor PubCo intends to seek a ruling from the U.S. Internal Revenue Service (the “IRS”) regarding the characterization of the Transactions for U.S. federal income tax purposes. There can be no assurance that the IRS will not disagree with or challenge the intended characterization of the Transactions for U.S. federal income tax purposes. However, because the provisions of Section 351 of the Code are complex and qualification as a non -recognitiontransaction thereunder could be adversely affected by events or actions that occur following the Business Combination that are beyond GSR III’s and Pubco’s control, the qualification of the Merger for tax deferral under Section 351 of the Code is not free from doubt . For example, if