Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 81

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 81
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 agrees, among other things, (i) to vote at any meeting of GSR III’s shareholders, and in any action by written consent of GSR III’s shareholders, all of its GSR III equity securities in favor of the adoption and approval of the Business Combination Agreement, the transactions contemplated thereby, and the other approvals contemplated to be sought with respect thereto; (ii) be bound by certain other covenants and agreements related to the Business Combination and (iii) be bound by certain transfer restrictions with respect to such securities and on the terms and subject to the conditions set forth in the Sponsor Support Agreement. GSR III Board’s Reasons for Approval of the Business Combination In evaluating the transaction with Terra Innovatum, the GSR III Board consulted with GSR III’s management and legal counsel as well as financial and other advisors, and the GSR III Board considered and evaluated several factors. The GSR III Board also considered a variety of uncertainties and risks and other potentially negative factors concerning the Business Combination. For a description of such factors, see “ The Business Combination Agreement — GSR III Board’s Reasons for Approval of the Business Combination.” The factors considered by the GSR III Board included: •Public research on the energy industry and its prospects, a review of Terra Innovatum’s historical financial performance including unit economics and other relevant financial and operating metrics; •Extensive conference call meetings with Terra Innovatum’s management team and representatives regarding operations, company products and services, intellectual property, key customers, suppliers, end market industries, total available market and growth prospects, among other customary due diligence matters; •Review of Terra Innovatum’s material business contracts, corporate books and records, government regulations and filings, intellectual property and information technology and certain other legal and environmental due diligence; •A fairness opinion provided by ERShares; and •Financial and accounting due diligence. The GSR III Board also considered that certain of the officers and directors of GSR III may have interests in the Business Combination as individuals that are in addition to, and that may be different from, the interests of GSR III’s shareholders (see “ — Interests of Certain Persons in the Business Combination” below). GSR III’s independent directors reviewed and considered these interests during the negotiation of the Business Combination and in evaluating and approving, as members of the GSR III Board, the Business Combination Agreement and the transactions contemplated therein, including the Business Combination. The GSR III Board concluded that the potential benefits that it expected GSR III and its shareholders to achieve as a result of the