Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 193

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 193
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 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 the capacity of officers or directors, which is expected to provide important continuity in advancing Terra Innovatum’s strategic and growth goals. • Lock - Up .The fact that the Governing Documents of PubCo will restrict transfer, assignment and sale of the Lock -UpShares held by Terra Innovatum and, subject to certain exceptions, the Terra Lock -UpShares will be released from such restrictions as follows: provided that, (i) 25% of the Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $12.00 or PubCo issuing its first quarterly earnings release that occurs at least 120 days after the Closing, (ii) an additional 25% of the Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $14.00 or PubCo issuing its second quarterly earnings release that occurs at least 120 days after the Closing, (iii) a further 25% of the Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $16.00 or PubCo issuing its third quarterly earnings release that occurs at least 120 days after the Closing and (iv) all the remaining Terra Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $18.00 or PubCo issuing its fourth quarterly earnings release that occurs at least 120 days after the Closing. • Post -Business Combination Corporate Governance .The fact that the Sponsor will have certain post -closingcorporate governance rights in Terra Innovatum, including the right to nominate two directors to the PubCo board of directors, as further described in “ Description of PubCo Securities — Board of Directors — Nomination and Appointment.” • Negotiated Transaction .The financial and other terms of the Business Combination Agreement and the fact that such