Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 299

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 299
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 -capitalwas recorded as an increase to Accumulated deficit of $576.4 million. (o)To reflect the issuance of 734,004 PubCo Ordinary Shares upon the conversion of the aggregate principal and accrued interest on the eleven Bridge Loans at Closing, at a conversion price of $7.00 per share. The Bridge Loans had an aggregate principal balance of $4.9 million, with associated debt discounts of $2.6 million and debt issuance costs of $58.2 thousand (see adjustment 3(aaa)). During the period from issuance through the Closing, $136.3 thousand of the debt discount and issuance costs were amortized, and $264.9 thousand of interest expense was incurred. As a result, a net total of $2.7 million of convertible bridge loans was derecognized from the unaudited pro forma condensed combined balance sheet as of March 31, 2025 with a corresponding increase to PubCo Ordinary Shares of $7.9 thousand to reflect the par value of the shares issued and the remaining $2.6 million to additional paid -incapital in accordance with ASC 470 -20-40-4. (p)To reflect the conversion of all 422,500 GSR III Class A Ordinary Shares not subject to possible redemption issued and outstanding immediately prior to the Closing into PubCo Ordinary Shares, and to reflect the conversion of 5,200,500 GSR III Class B Ordinary Shares issued and outstanding immediately prior to the Closing into PubCo Ordinary Shares (5,750,000 issued and outstanding GSR III Class B Ordinary Shares less the 549,500 GSR III Class B Ordinary Shares subject to certain vesting or forfeiture conditions) (see Note 3(m)). Additionally, to reflect the conversion of 3,346,071 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 $96.1 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 redem