Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 301

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 301
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 paid -in -capitalin the Maximum Redemption Scenario. The pro forma balance of Additional paid -in -capitaldiffers in the two scenarios given that, in the Maximum Redemption Scenario, it is assumed that 19,580,736 GSR III Class A Ordinary Shares are redeemed for cash. (t)To reflect, in the Maximum Redemption Scenario, the assumption that GSR III public stockholders elect to redeem 19,580,736 GSR III Class A Ordinary Shares at a redemption price of $10.38 per share, resulting in an aggregate redemption amount of approximately $203.2 million in cash. This scenario has been structured to satisfy both the GSR III Available Cash requirement and the $5,000,001 minimum net tangible asset requirement set forth in the Business Combination Agreement. The $5,000,001 minimum net tangible asset requirement set forth in section 9.1(f) of the Business Combination Agreement applies to GSR III’s net tangible assets immediately prior to the Closing. The GSR III Available Cash requirement set forth in section 9.1(e) of the Business Combination Agreement requires that GSR III have at least $25.0 million in available cash at Closing.

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The table below presents the calculation demonstrating that the GSR III net tangible asset requirement and the GSR III Available Cash requirement are met in the Maximum Redemption Scenario:

| (in thousands)                                                                           
 GSR III net tangible assets immediately prior to Closing:                                |     | Maximum    
 Redemption 
 Scenario   |          |      |
|:-----------------------------------------------------------------------------------------|:----|:-----------|---------:|:-----|
| Cash and investments held in trust account as of March 31, 2025                          |     | $          |  233,835 |      |
| Other assets as of March 31, 2025                                                        |     |            |    1,452 |      |
| Total assets as of March 31, 2025                                                        |     | $          |  235,287 |      |
| Total liabilities as of March 31, 2025                                                   |     | $          |   10,025 |      |
| Historical net tangible assets of GSR III as of March 31, 2025                           |     | $          |  225,262 |      |
| Dividends on investments held in the Trust Account subsequent to March 31, 2025(1)       |     |            |    4,814 |      |
| Minus