Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 99

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 99
---
636 |   |
| Unrelated third parties shares                                                                             |     |             |    772,599 |   |     |             |     772,599 |   |     |             |     772,599 |   |
| GSR III Ordinary Shares issued and outstanding, as adjusted for material financing transactions            |     |             | 29,945,099 |   |     |             |  18,445,099 |   |     |             |  10,338,735 |   |

____________ (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 June 30, 2025. (2)Represents, in the Maximum Redemption Scenario, a decrease in net tangible book value in the amount of $203.5million assuming that 19,606,364 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 $203.5million 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 $119.3million 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 June 30, 2025, Terra Innovatum issued three convertible Bridge Loans for gross cash proceeds of $130.0 thousand. In connection with the Bridge Loans, Terra Innovatum committed to issuing to the holders of the Bridge Loans two sets of warrants exercisable for PubCo Ordinary Shares at an exercise price of $11.50 per share and $15.00 per share, respectively. The warrants will be issued upon the Closing and the number of shares underlying the warrants is based on a specified fixed percentages of 100% of the shares into which the Bridge Loans convert. The proceeds of the Bridge Loan were allocated in the amount of $78.4 thousand to the equity classified warrants and $51.6 thousand to the Bridge Loans. The impact to net tangible book value as a result of the issuance of the Bridge Loans, and warrants was an increase of $78.