Company: NKLR
Filing Date: 2025-06-26
Form Type: S-4/A
Source: 0001213900-25-058019
Chunk: 398

Company: Terra Innovatum Global N.V.
Filing Date: 2025-06-26
Form: S-4/A
Chunk 398
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’s discretion, Sponsor shall make a capital contribution to GSR III, if necessary, to fund any additional office space, administrative and support services. Terra Innovatum Relationships and Related Party Transactions During the years ended December31, 2024 and December31, 2023, Terra Innovatum earned other income of $129,170 and $38,941, respectively, for engineering consulting services provided to related parties. The consulting services are unrelated to the core business of Terra Innovatum and are included in the statement of operations under other income — related parties. As of December31, 2024 and 2023, Terra Innovatum had amounts due from related parties of $0 and $8,830, respectively. These amounts corresponded to unbilled amounts due from a related party for engineering consulting services provided during the years ended December31, 2024 and 2023. During the year ended December31, 2024, Terra Innovatum entered into an interest -freeloan agreement with its quotaholders. The total loan amount of $216,212 is to be provided in cash installments by January15, 2025. As of December31, 2024, quotaholders advanced $106,780 of the $216,212. The loan is scheduled to mature on December31, 2040, with automatic annual extensions permitted until December31, 2045, unless repayment is requested by the quotaholders. Terra Innovatum utilizes office space provided by a related party at no charge. There is no formal lease agreement, and no amounts have been recognized for rent expense in the accompanying financial statements. Management has determined that the fair value of the contributed office space is not material to the financial statements. 227 BENEFICIAL OWNERSHIP Beneficial Ownership of PubCo The following table sets forth information regarding the expected beneficial ownership of shares of PubCo Ordinary Shares immediately following consummation of the Business Combination by: •each person who is expected to be the beneficial owner of more than 5.0% of PubCo Ordinary Shares post -BusinessCombination; •each person who is expected to become an executive officer or director of PubCo post -BusinessCombination; and •all executive officers and directors of PubCo as a group post -BusinessCombination. Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or shared voting or investment power over that security, including options and warrants that are