Company: NKLR
Filing Date: 2025-10-02
Form Type: 424B3
Source: 0001213900-25-095492
Chunk: 26

Company: Terra Innovatum Global N.V.
Filing Date: 2025-10-02
Form: 424B3
Chunk 26
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 recorded in bridge loans, net, on the unaudited pro forma condensed combined balance sheet as of June 30, 2025. $367.6 thousand of the proceeds were allocated to the warrants, which are exercisable for 198,800 PubCo Ordinary Shares, resulting in a corresponding increase to additional paid -incapital. (bbb)Subsequent to June 30, 2025, GSR III entered into Subscription Agreements for the private placement sale of 3,184,000 PubCo Ordinary Shares 2at $10.00 per share for aggregate gross proceeds of $31.8 million prior to the payment of placement agent fees of $962.0 thousand. Additionally, in connection with the PIPE Financing, GSR III committed to issue two sets of warrants upon the Closing of the Business Combination, the Half Warrants, exercisable for 1,592,000 PubCo Ordinary Shares at an exercise price of $12.00 per share and the Quarter Warrants, exercisable for 796,000 PubCo Ordinary Shares at an exercise price of $16.00 per share. The PIPE Warrants have a five -yearterm from issuance. The PIPE Shares and PIPE Warrants qualify for permanent equity classification under ASC 815 -40. As such, the $31.8 million of proceeds was allocated between the PIPE Shares and the PIPE Warrants on the basis of their relative fair values. The fair values of the PIPE Shares and PIPE Warrants were determined using a Monte Carlo simulation with assumptions including a $7.41share price, 3.61% risk -freerate, and 117.5% volatility. As a result, $5.7 million of the gross proceeds were allocated to the Half Warrants, $2.5 million of the gross proceeds were allocated to the Quarter Warrants, and $23.6 million of the gross proceeds were allocated to the PIPE Shares, resulting in a $31.8 million increase to additional paid -incapital on the unaudited pro forma condensed combined balance sheet as of June 30, 2025. Pursuant to the April 28, 2025 engagement letter between GSR III and The Benchmark Company, LLC (“Benchmark”), Benchmark was entitled to a placement agent fee equal to 5.0% of the gross proceeds from PIPE Subscribers it introduced. Benchmark sourced $19.2 million of gross proceeds, resulting in a $962,000 cash fee paid at Closing. This fee was recorded as a reduction to