Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 199

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 199
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 • Due Diligence .The GSR III Board reviewed and discussed in detail the results of the due diligence examination of Terra Innovatum conducted by GSR III’s management team and GSR III’s financial, legal and regulatory advisors, including virtual meetings with the management team and advisors of Terra Innovatum regarding Terra Innovatum’s business and business plan, operations and prospects (please refer to the section titled “Certain Unaudited Terra Innovatum Prospective Financial Information”), valuation analyses (please refer to the section titled “— Opinion of GSR III’s Financial Advisor”), review of material contracts (including Terra Innovatum’s strategic alliances) and other material matters, as well general financial, technical, legal, regulatory and accounting due diligence. • Financial Condition .The GSR III Board reviewed factors such as Terra Innovatum’s historical financial results, outlook and business and financial plans. In reviewing these factors, the GSR III Board believed that Terra Innovatum was well -positionedin its industry for potential strong future growth and therefore was likely to be positively viewed by public investors. • Fairness Opinion .The opinion of ERShares, dated April7, 2025, to the GSR III Board to the effect that, as of that date and subject to the assumptions, qualifications and limiting conditions therein, the Transaction Consideration to be received by the holders of the GSR III Class A Ordinary Shares in the Business Combination is fair to such holders from a financial point of view, as more fully described below in the section titled “ — Opinion of GSR III’s Financial Advisor.” • Reasonableness of Consideration .Following a review of the financial data provided to GSR III and the due diligence of Terra Innovatum’s business conducted by GSR III’s management and GSR III’s advisors, and taking into account the opinion received from ERShares, the GSR III Board determined that the aggregate consideration to be paid in the Business Combination was reasonable. • Post -Closing Economic Interest in Terra Innovatum .If the Business Combination is consummated, GSR III shareholders (other than GSR III shareholders that sought redemption of their GSR III Class A Ordinary Shares) would have a meaningful economic interest in Terra Innovatum and as a result would have a continuing opportunity to benefit from the success of Terra Innovatum upon the Closing. 74 • Management Team .The GSR III Board believes that Terra Innovatum has a strong management team and that the senior management of Terra Innovatum, led by Mr. Petruzzi, intend to remain with Terra Innovatum in