Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 325

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 325
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 the merger, each outstanding ordinary share of GSR III will be exchanged for one ordinary share of Terra Global (the “Merger”). Registration and Listing PubCo plans to register the shares with the U.S. Securities and Exchange Commission and apply to list these shares on Nasdaq Stock Market. Conditions and Closing Date The Merger requires approval from GSR III shareholders and the satisfaction of other customary closing conditions. Accounting The Merger will be accounted for as a recapitalization, with GSR III treated as the acquired company for accounting purposes and Terra Global will be treated as the accounting acquirer. Bridge Loan During May 2025 and June 2025, we entered into a series of debt note subscription agreements (the “Bridge Loans”) with multiple lenders, raising aggregate gross proceeds of $4,870,000. During May 2025 and June 2025, we entered into multiple letter agreements to convert the Bridge Loans into ordinary shares of Terra Global if the Merger is completed (the “Bridge Loan Conversion”). If the Bridge Loan Conversion happens at the time of the Merger, the shares will be priced at $7.00 each. If the Merger does not occur by April30, 2026, the Bridge Loan Conversion price will instead be based on a valuation of $100,000,000 divided by the fully diluted equity of Terra. If the Merger is successful, the shares will be issued by Terra Global; if not, they 166 will be issued by us or our parent company. If the Merger is completed, we will be released from its obligations, and Terra Global assumes them. The lender is also entitled to a liquidation preference, receiving either 150% of the conversion price or a pro rata share of the liquidation proceeds, whichever is greater. Following the closing of the Merger, the lenders will be issued Terra Global warrants to subscribe for up to a number underlying shares, with a range of 10% through 100% of new shares issued from the Bridge Loan Conversion. Such warrants, in aggregate, are exercisable for up to 960,794 ordinary shares of Terra Global at a subscription price of either $11.50 or $15.00 per share. These warrants are exercisable for either 36 or 48months from the closing of the Merger. The issuance of certain of these warrants is contingent upon meeting funding thresholds specified within those Bridge Loan agreements (the “Bridge Package”). Effective June6, 2025, the specified funding threshold of the Bridge Package was