Company: NKLR
Filing Date: 2025-09-16
Form Type: 424B3
Source: 0001213900-25-087981
Chunk: 310

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-16
Form: 424B3
Chunk 310
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 Maximum Redemption Scenario, it is assumed that 19,606,364 GSR III Class A Ordinary Shares are redeemed for cash. (t)To reflect, in the Maximum Redemption Scenario, the assumption that GSR III public stockholders elect to redeem 19,606,364 GSR III Class A Ordinary Shares at a redemption price of $10.38 per share, resulting in an aggregate redemption amount of approximately $203.5 million in cash. This scenario has been structured to satisfy both the GSR III Available Cash requirement and the $5,000,001 minimum net tangible asset requirement set forth in the Business Combination Agreement. The $5,000,001 minimum net tangible asset requirement set forth in section 9.1(f) of the Business Combination Agreement applies to GSR III’s net tangible assets immediately prior to the Closing. The GSR III Available Cash requirement set forth in section 9.1(e) of the Business Combination Agreement requires that GSR III have at least $25.0 million in available cash at Closing.

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The table below presents the calculation demonstrating that the GSR III net tangible asset requirement and the GSR III Available Cash requirement are met in the Maximum Redemption Scenario:

| (in thousands)                                                                          
 GSR III net tangible assets immediately prior to Closing:                               |     | Maximum    
 Redemption 
 Scenario   |          |      |
|:----------------------------------------------------------------------------------------|:----|:-----------|---------:|:-----|
| Cash and investments held in trust account as of June 30, 2025                          |     | $          |  236,273 |      |
| Other assets as of June 30, 2025                                                        |     |            |      962 |      |
| Total assets as of June 30, 2025                                                        |     | $          |  237,235 |      |
| Total liabilities as of June 30, 2025                                                   |     | $          |   10,071 |      |
| Historical net tangible assets of GSR III as of June 30, 2025                           |     | $          |  227,164 |      |
| Dividends on investments held in the Trust Account subsequent to June 30, 2025(1)       |     |            |    2,416 |      |
| Minus: Share redemption amount                                                          |     | $          | (203,471 | )(2) |
| GSR III net tangible assets immediately prior to Closing                                |     |