Company: NKLR
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001213900-25-063846
Chunk: 96

Company: Terra Innovatum Global N.V.
Filing Date: 2025-07-15
Form: S-4/A
Chunk 96
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.0million. (4)Upon the Bridge Funding threshold being met, warrants exercisable for 789,613 PubCo Ordinary Shares will be issued at Closing in connection with the Bridge Loans subject to the Bridge Package provision. The liability -classifiedwarrants were re -evaluatedand reclassified to equity, which the final remeasurement of the liability classified warrants resulted in a $460.0 thousand decrease in net tangible book value. The reclassification of these warrants to equity resulted in a increase in net tangible book value in the amount of $2.0million, for a net increase in net tangible book value of $1.5million. (5)Represents a decrease in net tangible book value in the amount of $401.2 thousand as a result of interest and amortization of debt issuance costs in connection with the Bridge Loans. (6)Represents an increase in net tangible book value in the amount of $2.7million as a result of the conversion of the aggregate principal and accrued interest of the Bridge Loans at the Closing. Upon conversion, 734,004shares of PubCo Ordinary Shares will be issued to holders of the Bridge Loans. (7)The table presented above does not include the potential dilutive impact of 960,794 PubCo Ordinary Shares potentially issuable to third parties upon the exercise of warrants to be issued upon the Closing of the Business Combination to certain Bridge Loan lenders. Such warrants, in aggregate, are exercisable for up to 960,794 ordinary shares of Terra Global at a subscription price of either $11.50 or $15.00 per share. These warrants are exercisable for either 36 or 48months from the closing of the Merger. The issuance of certain of these warrants is contingent upon meeting funding thresholds specified within those Bridge Loan agreements. Effective June 6, 2025, the specified funding threshold of the Bridge Package was deemed completed. The following table illustrates what the valuation of PubCo would need to equal in order for non -redeemingshareholders’ interest per share to equal the $10.00 price per share for GSR III’s IPO under each redemption scenario below:

|                                                                                  |     | Assuming    
 No          
 Redemptions 
 Into Cash   |             |     | Assuming    
 50%         
 Redemptions 
 Into Cash   |             |     | Assuming    
 Maximum     
 Redemptions 
 Into Cash   |             |
| PubCo Ordinary Shares held by Terra Innovatum Quotaholders                       |     |             |