Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 319

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 319
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 days or less or in money market funds meeting certain conditions under Rule 2a -7under the Investment Company Act, which invest only in direct U.S. government treasury obligations. As of December 31, 2024, funds in the trust account totaled $231,412,096. These funds will remain in the trust account, except for the withdrawal of interest to pay taxes, if any, until the earliest of (1) the completion of a business combination (including the closing of the Business Combination), (2) the redemption of any public shares properly tendered in connection with a shareholder vote to consummate the Business Combination, and (3) the redemption of all of the public shares if GSR III is unable to complete a business combination by May 8, 2026 (or August 7, 2026 at the discretion of the Sponsor), subject to applicable law. The GSR III Class A Ordinary Shares, GSR III Public Units and GSR III Rights are currently listed on Nasdaq under the symbols “GSRT,” “GSRTU” and “GSRTR,” respectively. Effecting GSR III’s Initial Business Combination General GSR III is not presently engaged in and GSR III will not engage in, any substantive commercial business until it completes the Business Combination with Terra Innovatum or another target business. 162 Fair Market Value of Target Business The rules of Nasdaq require that GSR III must consummate an initial business combination with one or more operating businesses or assets with a fair market value equal to at least 80% of the net assets held in the trust account (excluding the amount of any deferred underwriting discount held in trust) at the time of GSR III’s signing a definitive agreement in connection with its initial business combination. GSR III’s board of directors determined that this test was met in connection with the proposed Business Combination. Shareholder Approval of Business Combination GSR III is seeking stockholder approval of the Business Combination at the extraordinary general meeting, at which shareholders may elect to redeem their shares, regardless of if or how they vote in respect of the BCA Proposal, into their pro rata portion of the trust account, calculated as of two business days prior to the consummation of the Business Combination including interest earned on the funds held in the trust account and not previously released to us (net of taxes payable). GSR III will consummate the Business Combination only if we have net tangible assets of at least $5,000,001 upon such consummation. Notwithstanding