Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 409

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 409
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 Civil Code, a shareholder who, for his or her own account, holds at least 95% of PubCo’s issued and outstanding share capital may initiate proceedings against the other shareholders jointly for the transfer of their shares to the claimant. The proceedings are held before the Dutch Enterprise Chamber ( Ondernemingskamer) and can be instituted by means of a writ of summons served upon each of the minority shareholders in accordance with the provisions of the Dutch Code of Civil procedure ( Wetboek van Burgerlijke Rechtsvordering). The Dutch Enterprise Chamber may grant the claim for the squeeze -outin relation to all minority shareholders and will determine the price to be paid for the shares, if necessary after appointment of one to three expert(s) who will offer an opinion to the Dutch Enterprise Chamber on the value to be paid for the shares of the minority shareholders. Once the order to transfer becomes final before the Dutch Enterprise Chamber, the person acquiring the shares must give written notice of the date and place of payment and the price to the holders of the shares to be acquired whose addresses are known to him or her. Unless the addresses of all of them are known to the acquiring person, such person is required to publish the same in a Dutch national daily newspaper. Cross-border restructuring Dutch law provides that, to the extent the acquiring company in a cross -bordermerger or a cross -borderdemerger is organized under the laws of another European Economic Area member state, a shareholder of a non -survivingDutch company who has voted against the cross -bordermerger or the cross -borderdemerger (as applicable) may make a claim with the Dutch company for compensation. The compensation is to be determined by one or more independent experts, subject to certain exceptions. The aforementioned also applies in case of a cross -borderconversion. Financial Reporting under Dutch Law The Dutch Financial Reporting Supervision Act ( Wet toezicht financiële verslaggeving, the “ FRSA”), applies to PubCo’s financial reporting. Under the FRSA, the Dutch Authority for the Financial Markets ( Autoriteit Financiële Markten, “ AFM”) supervises the application of financial reporting standards by, among others, companies whose corporate seats are in the Netherlands and whose securities are listed on a regulated market within the EU or on an equivalent third (non -EU) country market. Pursuant to the FRSA, the AFM has an independent right to (i) request an explanation from PubCo regarding the application of the applicable