Company: NKLR
Filing Date: 2025-09-03
Form Type: S-4/A
Source: 0001213900-25-084087
Chunk: 416

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-03
Form: S-4/A
Chunk 416
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ger (as applicable) may make a claim with the Dutch company for compensation. The compensation is to be determined by one or more independent experts, subject to certain exceptions. The aforementioned also applies in case of a cross -borderconversion. Financial Reporting under Dutch Law The Dutch Financial Reporting Supervision Act ( Wet toezicht financiële verslaggeving, the “ FRSA”), applies to PubCo’s financial reporting. Under the FRSA, the Dutch Authority for the Financial Markets ( Autoriteit Financiële Markten, “ AFM”) supervises the application of financial reporting standards by, among others, companies whose corporate seats are in the Netherlands and whose securities are listed on a regulated market within the EU or on an equivalent third (non -EU) country market. Pursuant to the FRSA, the AFM has an independent right to (i) request an explanation from PubCo regarding the application of the applicable financial reporting standards if, based on publicly known facts or circumstances, it has reason to doubt PubCo’s financial reporting meets such standards and (ii) recommend to PubCo that it makes available further explanations. If PubCo does not comply with such a request or recommendation, the AFM may request that the Dutch Enterprise Chamber orders PubCo to (i) provide an explanation on the way it has applied the applicable financial reporting standards to its financial reports or (ii) prepare its financial reports in accordance with the Dutch Enterprise Chamber’s instructions. Certain Insider Trading and Market Manipulation Laws Dutch law contains rules intended to prevent insider trading and market manipulation. On July 3, 2016, the Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 (the “MAR”) replaced all of the Dutch market abuse rules. The MAR does not apply to PubCo or to the PubCo Ordinary Shares as the PubCo Ordinary Shares will solely be listed on the Nasdaq, a stock exchange outside the European Economic Area. As a result, there are no EU rules or Dutch rules applicable to PubCo relating to market abuse, such as insider trading, tipping, market manipulation and notification rules for director dealings. Exchange Controls Under Dutch law, there are no exchange control restrictions on investments in, or payments on, the PubCo Ordinary Shares. There are no special restrictions in the PubCo Articles of Association or Dutch law that limit the right of shareholders who are not citizens or residents of the Netherlands to hold or vote the PubCo Ordinary Shares. 220