Company: NKLR
Filing Date: 2025-08-01
Form Type: S-4/A
Source: 0001213900-25-070223
Chunk: 11

Company: Terra Innovatum Global N.V.
Filing Date: 2025-08-01
Form: S-4/A
Chunk 11
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 Combination and the transactions contemplated thereby. Sponsor shall not Transfer any of its PubCo Ordinary Shares (“ Sponsor Lock -Up Shares”) during the period commencing after the Closing Date (the “ Lock -Up Period”); providedthat, (i) 25% of the Sponsor Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $12.00 or PubCo issuing its first quarterly earnings release that occurs at least 120 days after the Closing, (ii) an additional 25% of the Sponsor Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $14.00 or PubCo issuing its second quarterly earnings release that occurs at least 120 days after the Closing, (iii) a further 25% of the Sponsor Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $16.00 or PubCo issuing its third quarterly earnings release that occurs at least 120 days after the Closing and (iv) all the remaining Sponsor Lock -UpShares shall be released upon the earlier of the PubCo Trading Price being greater than $18.00 or PubCo issuing its fourth quarterly earnings release that occurs at least 120 days after the Closing (the foregoing restrictions, the “ Lock -Up”). Financing Transactions Subsequent to March31, 2025, Terra Innovatum issued eleven convertible Bridge Loans for gross cash proceeds of $4.9million, net of $100.0 thousand in debt issuance costs, resulting in a net cash inflow of $4.8million. Additionally, in connection with the Bridge Loans, Terra Innovatum committed to issue warrants following the business combination. Liability classified warrants were issued with certain terms dependent on whether a specified funding threshold is met, exercisable for 376,908 PubCo Ordinary Shares. Further, equity classified warrants were issued, which are exercisable for 583,886 PubCo Ordinary Shares at $11.50 or $15.00 per share will be issued upon Closing to certain lenders. The number of shares underlying the warrants is based on specified fixed percentages (of 10%, 50%, or 100%) of the shares into which the Bridge Loans convert. Compensation to be Received by the Sponsor, its Affiliates and Promoters at Closing At Closing, pursuant to the Business Combination Agreement, the following shall be received by the Sponsor and its affiliates and promoters: •PubCo will repay to Sponsor, on GSR III’s behalf, all outstanding loans or other