Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 313

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 313
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346,071 GSR III Class A Ordinary Shares issued and outstanding immediately prior to the Closing resulting from the automatic exercise immediately prior to the Closing of the GSR III Rights (see Note 3(j)). The conversion of the shares resulted in a $104.8 thousand reduction to additional paid -incapital, which represents the excess par value of PubCo Ordinary Shares over the par value of GSR III Class A Ordinary Shares and GSR III Class B Ordinary Shares, respectively. (q)To reflect, in the No Redemption Scenario, the conversion of all 23,000,000 issued and outstanding GSR III Class A Ordinary Shares subject to possible redemption immediately prior to the Closing into PubCo Ordinary Shares with no cash redemptions. 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. The table below presents the calculation demonstrating that the GSR III net tangible asset requirement

| (in thousands)                                                                    
 GSR III net tangible assets immediately prior to Closing:                         |     | No Redemption 
 Scenario      |         |
|:----------------------------------------------------------------------------------|:----|:--------------|--------:|
| Cash and investments held in trust account as of June 30, 2025                    |     | $             | 236,273 |
| Other assets as of June 30, 2025                                                  |     |               |     962 |
| Total assets as of June 30, 2025                                                  |     | $             | 237,235 |
| Total liabilities as of June 30, 2025                                             |     | $             |  10,071 |
| Historical net tangible assets of GSR III as of June 30, 2025                     |     | $             | 227,164 |
| Dividends on investments held in the Trust Account subsequent to June 30, 2025(1) |     | $             |   2,416 |
| Minus: Share redemption amount                                                    |     |               |       — |
|