Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 94

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 94
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29,906,504 |   |     |             |  18,406,504 |   |     |             |  10,325,768 |   |

____________ (1)GSR III’s historical net tangible book value is calculated as GSR III’s total historical tangible assets less total historical liabilities as of March 31, 2025. (2)Represents, in the Maximum Redemption Scenario, a decrease in net tangible book value in the amount of $203.2million assuming that 19,580,736 GSR III Class A Ordinary Shares are redeemed, subject to the minimum net tangible asset and GSR III Available Cash conditions, resulting in an aggregate cash payment of approximately $203.2million out of the Trust Account based on an assumed redemption price of $10.38 per share. Further, in the 50% Redemption Scenario, represents a decrease in net tangible book value in the amount of $119.4million assuming that 11,500,000 GSR III Class A Ordinary Shares are redeemed, subject to the minimum net tangible asset and GSR III Available Cash conditions, resulting in an aggregate cash payment of approximately $119.3million out of the Trust Account based on an assumed redemption price of $10.38 per share. (3) Subsequent to March 31, 2025, Terra Innovatum issued eleven convertible Bridge Loans for gross cash proceeds of $4.9 million, net of $100.0 thousand in debt issuance costs, resulting in a net cash inflow of $4.8 million. Additionally, in connection with the Bridge Loans, Terra Innovatum committed to issue warrants following the business combination. Liability classified warrants were issued with certain terms dependent on whether a specified funding threshold is met, exercisable for 376,908 PubCo Ordinary Shares. Further, equity classified warrants were issued, which are exercisable for 583,886 PubCo Ordinary Shares at $11.50 or $15.00 per share will be issued upon Closing to certain lenders. The number of shares underlying the warrants is based on specified fixed percentages (of 10%, 50%, or 100%) of the shares into which

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the Bridge Loans convert. The proceeds of the Bridge Loan were allocated in the amount of $1.5million to the liability classified warrants, $1.0million to the equity classified warrants, and $2.3million to the Bridge Loans. The impact to net tangible book value as a result of the issuance of the Bridge Loans,