Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 321

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 321
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 of a majority of the ordinary shares, represented in person or by proxy and entitled to vote at the extraordinary general meeting, vote in favor of the Business Combination Proposal, Merger Proposal and the Adjournment Proposal, (2) satisfaction of the requirement that the GSR III Available Cash Amount condition is satisfied, (3) otherwise limiting the number of public shares electing to redeem and (4) GSR III’s net tangible assets (as determined in accordance with Rule 3a51 -1(g)(1) of the Exchange Act) being at least $5,000,001. Liquidation if No Business Combination If GSR III has not completed the Business Combination with PubCo by May 8, 2026 (or August 7, 2026 at the discretion of the Sponsor), and has not completed another business combination by such date, in each case, as such date may be extended pursuant to the GSR III Organizational Documents, GSR III will: (1) cease all operations except for the purpose of winding up; (2) as promptly as reasonably possible but not more than 10 business days thereafter, redeem the 23,000,000 GSR III Class A Ordinary Shares, at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest (less up to $100,000 of interest to 163 pay dissolution expenses and which interest will be net of taxes payable), divided by the number of then issued and outstanding public shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any); and (3) as promptly as reasonably possible following such redemption, subject to the approval of GSR III’s remaining shareholders and its board of directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. Sponsor has entered into a letter agreement with GSR III, pursuant to which they have waived their rights to liquidating distributions from the trust account with respect to their GSR III Class B ordinary shares if GSR III fails to complete its business combination within the required time period. However, if Sponsor owns any public shares, they will be entitled to liquidating distributions from the trust account with respect to such public shares if GSR III fails to complete its business combination within the allotted time period. The Sponsor and GSR III’s directors and officers have agreed, pursuant to a written