Company: NKLR
Filing Date: 2025-12-09
Form Type: S-1/A
Source: 0001213900-25-119411
Chunk: 110

Company: Terra Innovatum Global N.V.
Filing Date: 2025-12-09
Form: S-1/A
Chunk 110
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0 thousand other necessary out-of-pocket expenses incurred directly in connection with the engagement letter. The total $1.2 million fee was allocated between the PIPE Shares, Half Warrants, and Quarter Warrants using the same method used to allocate the proceeds and is reflected as a reduction to additional paid-in capital in the unaudited pro forma condensed combined balance sheet as of September 30, 2025. 71 Pro Forma Adjustments for Other Material Events:

| (bb) | To                                                                                           
 reflect interest incurred of $47.7 thousand and amortization of debt issuance costs and debt 
 discounts of $0.3 thousand and $18.9 thousand respectively from October 1, 2025 through the  
 Closing Date on Bridge Loans entered into prior to September 30, 2025.                       |

Pro Forma Other Transaction Accounting Adjustments:

| (a) | To reflect the release of the cash and investments held in the                                  
 Trust Account to cash and cash equivalents following the redemption of 14,475,606 GSR III       
 Class A ordinary shares for aggregate proceeds of $150.4 million from the Trust Account.        
 The amount of investments held in the Trust Account released to cash is equal to the historical 
 balance of the Trust Account as of September 30, 2025 in the amount of $238.7 million, plus     
 $155.6 thousand dividend income on the Trust Account subsequent to September 30, 2025 through   
 the Closing Date (see Note 3(aa)) less the $150.4 million aggregate redemptions.                |

| (b) | To reflect the recognition of (i) the issuance of PubCo Preferred                                     
 Shares to PAC upon the Closing and (ii) the associated conversion feature which will be automatically 
 triggered if contingent milestones are met subsequent to the Closing. Refer to the Introduction       
 section above for description of the various milestones.                                              |

The PubCo Preferred Shares will be forfeited by the holder if they are not converted within 20 years from the issuance date, the Closing. As the PubCo Preferred Shares may be forfeited, management has concluded that they should be evaluated, accounted for, and classified, as a freestanding equity-linked instrument, rather than as outstanding shares. Management has concluded that the change of control provision and the permit-driven performance target milestones described in the Introduction section above cause the freestanding equity-linked instrument to not be considered indexed to PubCo’s own stock as these represent potential settlement adjustments that are not permissible within the