Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 277

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 277
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,428 and 38,072 GSR III Class A Ordinary Shares held by Sponsor and related parties of Sponsor, respectively, (iv) 255,000 issued and outstanding GSR III Class B Ordinary Shares held by related parties of Sponsor, (v) 54,918 and 5,439 Private Placement Rights held by Sponsor and related parties of Sponsor, respectively, and 3,285,714 GSR III Public Rights, each of which will convert, on a one -for-onebasis, into GSR III Class A Ordinary Shares immediately prior to the Closing. (2)Consists of the 549,500 PubCo Ordinary Shares issued to the Sponsor at the Closing but subject to certain vesting and forfeiture conditions subsequent to the Closing. See 3(m) for further discussion including valuation approach.

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The derecognition of GSR III’s accumulated deficit is determined as follows (in thousands):

|                                                                                                       |     | No Redemption 
 Scenario      |        |   |
|:------------------------------------------------------------------------------------------------------|:----|:--------------|-------:|:--|
| Historical accumulated deficit of GSR III as of December 31, 2024                                     |     | $             |  7,315 |   |
| Dividend income on investments held in Trust Account, see 3(aa)                                       |     |               | (7,438 | ) |
| Payment of premium for a directors’ and officers’ tail insurance policy on the Closing Date, see 3(k) |     |               |    300 |   |
| Estimated transaction costs of GSR III through the estimated Closing Date, see 3(e)                   |     |               |  2,118 |   |
| Total adjustment to derecognize GSR III’s accumulated deficit                                         |     | $             |  2,295 |   |

The adjustment to accumulated deficit in Note 3(g) is determined as follows (in thousands):

|                                                                                            |     | No Redemption 
 Scenario      |         |   |
|:-------------------------------------------------------------------------------------------|:----|:--------------|--------:|:--|
| Excess of fair value of PubCo Ordinary Shares transferred over GSR III net assets acquired |     | $             | (93,632 | ) |
| Total adjustment to derecognize GSR III’s accumulated deficit                              |     |               |   2,295 |   |
| Net adjustment to accumulated deficit in Note 3(g)                                         |     | $             | (91,337 | )