Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 267

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 267
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 share, then as of immediately prior to the closing of such Change of Control transaction, half of the Vesting Sponsor Shares which have not vested, shall immediately vest, in full and final satisfaction of Sponsor’s rights to receive the Vesting Sponsor Shares pursuant to the Sponsor Support Agreement. Notwithstanding anything to the contrary in this Sponsor Agreement, if PubCo Preferred Shares are otherwise converted into PubCo Ordinary Shares and distributed to Terra OpCo Quotaholders, a pro rata portion of the Vesting Sponsor Shares shall immediately vest and no longer be subject to the forfeiture conditions provided in this Sponsor Agreement. 121

If, upon the expiration of the applicable Conversion Period, the vesting of any of Vesting Sponsor Shares has not occurred, then the applicable Vesting Sponsor Shares that failed to vest will be automatically forfeited and transferred to PubCo for no consideration. The table below presents the exchange of Terra Innovatum quotas for PubCo Ordinary Shares that is expected to occur upon the Conversion:

| Terra Innovatum quotas                 
 outstanding as of December 31, 2024(1) |     | Common Conversion Ratio(2) |     |         Estimated PubCo Ordinary 
 Shares issued to Terra Innovatum 
        Quotaholders upon Closing |
| 100                                    |     |                    475,000 |     |                       47,500,000 |

____________ (1)Represents quotas held by legacy Terra Innovatum Quotaholders. (2)Represents the Per Quota Common Conversion Amount divided by $10.00. Accrued Trust Account Dividends Total actual and expected dividends on investments held in the Trust Account subsequent to December 31, 2024 through the estimated Closing Date of September30, 2025 are estimated to be $7.5 million. Additional Information Related to the Unaudited Pro Forma Condensed Combined Financial Information The unaudited pro forma condensed combined financial information has been prepared based on GSR III’s and Terra Innovatum’s historical financial statements as adjusted to give effect to the Closing and the Accrued Trust Account Dividends. The unaudited pro forma condensed combined balance sheet as of December 31, 2024 gives pro forma effect to the Closing as if it had occurred on December 31, 2024. The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024 reflects adjustments assuming that any adjustments that were made to the unaudited pro forma condensed combined balance sheet as of December 31,