Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 303

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 303
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 specific incremental costs directly attributable to the offering. (g)To reflect, in the No Redemption Scenario, the recapitalization of PubCo through the conversion of 100 New TopCo quotas into 47,500,000 PubCo Ordinary Shares, reflecting the Common Conversion Ratio of 475,000, and to reflect to derecognition of the accumulated deficit of GSR III which is reversed to additional paid -in-capital. The recapitalization adjustment is determined as follows (in thousands):

| Derecognition of Terra Innovatum Corporate Capital                                                                                                                              |     | $ |     (3 | ) |
| Derecognition of GSR III’s accumulated deficit(1)                                                                                                                               |     | $ |  5,449 |   |
| Issuance of PubCo Ordinary Shares in accordance with the Common Conversion Ratio under the No Redemption Scenario                                                               |     | $ |    515 |   |
| Net reduction of additional paid-in capital due to derecognition of GSR III’s accumulated deficit and Terra Innovatum’s Corporate Capital and issuance of PubCo Ordinary Shares |     | $ | (5,961 | ) |

____________ (1)The derecognition of GSR III’s accumulated deficit of $5.5 million is determined as follows (in thousands):

| Historical accumulated deficit of GSR III as of March 31, 2025                      |     | $ |  8,574 |   |
| Dividends on investments held in the Trust Account , see 3(aa)                      |     | $ | (4,814 | ) |
| Estimated transaction costs of GSR III through the estimated Closing Date, see 3(e) |     | $ |  1,389 |   |
| Premium for a directors’ and officers’ tail insurance policy, see 3(k)              |     | $ |    300 |   |
| Total adjustment to derecognize CSLM’s accumulated deficit                          |     | $ |  5,449 |   |

(h)To reflect the change in redemption value of the GSR III Class A Ordinary Shares subject to possible redemption due to the actual and expected income on investments from the Trust Account from April 1, 2025 through the estimated Closing Date (see Note 3(aa)). Changes in the redemption value of stock classified as temporary equity may be recognized immediately as they occur by adjusting the carrying amount of the stock in accordance with ASC 480. (i)To reflect the issuance of a warrant, classified within permanent equity