Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 188

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 188
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 Board’s considerations. The following chronology summarizes the key meetings and events that led to the execution of the LOI (as defined below) and Business Combination Agreement and other ancillary agreements with Terra Innovatum, but it does not purport to catalogue every conversation among representatives of GSR III, Terra Innovatum and their respective advisors. On November14, 2024, representatives of PAC, which at the time were informally working with Terra Innovatum and would subsequently enter into a formal agreement to serve as Terra Innovatum’s financial advisor, reached out to GSR III to speak about various SPAC merger candidates, including Terra Innovatum. GSR III learned that Terra Innovatum was looking for a de -SPACtransaction to gain access to public markets to diversify its funding sources and to use Terra Innovatum’s stock as an acquisition currency for potential opportunistic acquisitions in the future. Terra Innovatum opted to pursue de -SPACtransaction in lieu of a traditional initial public offering given the prevalence of de -SPACtransactions in the nuclear reactor sector. On November 21, 2024, GSR III held an introductory meeting over Zoom with Terra Innovatum and PAC. During the meeting, representatives of Terra Innovatum presented on Terra Innovatum’s history, management team and business opportunities. In the evening, following the Zoom meeting, a representative of GSR III met in person with a subset of the Terra Innovatum team in New York. Subsequent to the meetings, GSR III sent an executed non -disclosureagreement to Terra Innovatum. On November 23, 2024, GSR III and Terra Innovatum agreed to a follow -upmeeting on November 27, 2024, where Terra Innovatum would continue its discussion of the Terra Innovatum business and Terra Innovatum’s positioning in the market relative to competitors, while GSR III would present to Terra Innovatum what a SPAC transaction would entail from a process, timeline and capitalization perspective. On November 24, 2024, representatives of Terra Innovatum requested to representatives of GSR III that, during the upcoming call, GSR III include a discussion of potential valuation, funding scenarios and governance. Representatives of Terra Innovatum also requested that representatives of GSR III consider a valuation of $1.1billion. On November 26, 2024, Terra Innovatum provided GSR III access to information in a data room. On November 27, 2024, GSR III, Terra Innovatum and PAC held a