Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 315

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 315
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 $0.00438 per share. Although the shares were legally transferred in 2024, the awards were subject to a performance condition (the Closing of the Business Combination). As such, in accordance with ASC 718, stock -basedcompensation was not recognized until the Closing, when the performance condition was satisfied. The grant date fair value of the shares was determined to be $0.00438 per share, equal to the amount paid by the recipients. As a result, the total stock -basedcompensation expense recognized was $0, as the fair value of the awards was fully offset by the amount initially received for the purchase of the shares. (s)To reflect, in the Maximum Redemption Scenario, the reversal of the excess of the fair value of the Share -settledcontingent liability over the pro forma balance of Additional paid -in -capitalin the No Redemption Scenario and to reflect the excess of the fair value of the Share -settledcontingent liability over the pro forma balance of Additional 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 19,606,364 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 19,606,364 GSR III Class A Ordinary Shares at a redemption price of $10.38 per share, resulting in an aggregate redemption amount of approximately $203.5 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   |