Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 284

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 284
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Co Ordinary Shares transferred over the GSR III net assets acquired has been recorded to Other operating costs in the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024. See 3(g) for the calculation of the excess of the fair value of PubCo Ordinary Shares transferred given over the GSR III net assets acquired. This is a non -recurringitem. (c)To reflect expense recognized for the directors’ and officers’ tail insurance policy recorded in Note 3(k). (d)To reflect the removal of the previously recognized income from GSR III’s investments held in Trust Account as the Trust Account will be released upon the Closing. (e)To reflect the estimated transaction costs of Terra Innovatum for certain accounting, auditing and other professional fees expected to be incurred in connection with the Closing that are not deemed directly attributable to the offering of securities associated with the Closing. This is a non -recurringitem. (f)To reflect one year of amortization expense for PubCo’s directors’ and officers’ insurance policy recorded in Note 3(l) for the year ended December 31, 2024. These costs will be finalized and adjusted in a subsequent filing. (g)To reflect, in the Maximum Redemption Scenario, the reversal of the excess of the fair value of the PubCo Ordinary Shares issued to holders of GSR III Ordinary Shares over the GSR III net assets acquired in the No Redemption Scenario, and to reflect the excess of the fair value of the PubCo Ordinary Shares issued to holders of GSR III Ordinary Shares over the GSR III net assets acquired in the Maximum Redemption Scenario. As the GSR III net assets acquired primarily consist of monetary assets, Cash and Investments held in Trust Account, it was determined to not be appropriate to allocate the excess of the fair value of the PubCo Ordinary Shares transferred to the GSR III net assets acquired as this would result in the recognition of an immediate loss when subsequent U.S. GAAP were to be applied. As such, the excess of the fair value of the PubCo Ordinary Shares transferred over the GSR III net assets acquired has been recorded to Other operating costs in the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024. See 3(q) for the calculation of the excess of the fair value of PubCo Ordinary Shares transferred over the GSR III net assets acquired. This is a non -recurringitem. (h)The pro forma