Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 100

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 100
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4 thousand. (4)Represents a decrease in net tangible book value in the amount of $585.2 thousand as a result of interest and amortization of debt issuance costs in connection with the Bridge Loans.

15

(5)Represents an increase in net tangible book value in the amount of $3.3million as a result of the conversion of the aggregate principal and accrued interest of the Bridge Loans at the Closing. Upon conversion, 772,599shares of PubCo Ordinary Shares will be issued to holders of the Bridge Loans. (6)The table presented above does not include the potential dilutive impact of 1,473,794 PubCo Ordinary Shares potentially issuable to third parties upon the exercise of warrants to be issued upon the Closing of the Business Combination to certain Bridge Loan lenders. Such warrants, in aggregate, are exercisable for up to 1,473,794 ordinary shares of PubCo at a subscription price of either $11.50 or $15.00 per share. These warrants are exercisable for either 36 or 48months from the closing of the Merger. The following table illustrates what the valuation of PubCo would need to equal in order for non -redeemingshareholders’ interest per share to equal the $10.00 price per share for GSR III’s IPO under each redemption scenario below:

|                                                                                  |     | Assuming    
 No          
 Redemptions 
 Into Cash   |             |     | Assuming    
 50%         
 Redemptions 
 Into Cash   |             |     | Assuming    
 Maximum     
 Redemptions 
 Into Cash   |             |
| PubCo Ordinary Shares held by Terra Innovatum Global Quotaholders                |     |             |  47,500,000 |     |             |  47,500,000 |     |             |  47,500,000 |
| PubCo Ordinary Shares held by GSR III public shareholders                        |     |             |  26,285,714 |     |             |  14,785,714 |     |             |   6,679,350 |
| PubCo Ordinary Shares held by Sponsor and related parties of Sponsor             |     |             |   6,232,857 |     |             |   6,232,857 |     |             |   6,232,857 |
| PubCo Ordinary Shares held by unrelated third parties                            |     |             |     995,599 |     |             |     995,