Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 168

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 168
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 different information about it than you currently receive about GSR III or that you would receive about a U.S. domestic public company. If Terra Innovatum opted to follow the foreign private issuer reporting requirements, it would be permitted to adopt certain home country practices in relation to corporate governance matters that differ significantly from the Nasdaq listing standards; these practices may afford less protection to shareholders than they would enjoy if Terra Innovatum complied fully with the Nasdaq listing standards. Terra Innovatum has applied to list its securities on Nasdaq. Upon listing, Terra Innovatum will be subject to the Nasdaq corporate governance listing standards. However, the Nasdaq rules will permit a foreign private issuer to follow the corporate governance practices of its home country if Terra Innovatum decided to follow the requirements applicable to foreign private issuers. Certain corporate governance practices in the Netherlands, which is Terra Innovatum’s home country, may differ significantly from the Nasdaq corporate governance listing standards. For instance, Terra Innovatum would not be required to: •have a majority of the board be independent (although all of the members of the audit committee must be independent under the Exchange Act); •have a compensation committee or a nominations or corporate governance committee consisting entirely of independent directors; or •have regularly scheduled executive sessions with only independent directors each year. 56 As a result, if Terra Innovatum opted to rely on the “foreign private issuer” exemptions, Terra Innovatum’s shareholders would be afforded less protection than they otherwise would enjoy under the Nasdaq corporate governance listing standards applicable to U.S. domestic issuers. If analysts do not publish research about PubCo’s business or if they publish inaccurate or unfavorable research, PubCo’s stock price and trading volume could decline. The trading market for the ordinary shares of PubCo will depend in part on the research and reports that analysts publish about its business. PubCo does not have any control over these analysts. If one or more of the analysts who cover PubCo downgrade its ordinary shares or publish inaccurate or unfavorable research about its business, the price of its ordinary shares would likely decline. If few analysts cover PubCo, demand for its ordinary shares could decrease and its ordinary shares price and trading volume may decline. Similar results may occur if one or more of these analysts stop covering PubCo in the future or fail to publish reports on it regularly. PubCo may be subject to securities litigation, which is expensive and could divert management attention. The market price of PubCo Ordinary Shares may be volatile and, in the past, companies that have experienced volatility in the market