Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 221

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 221
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 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. 87 •GSR III’s officers have an interest in SPAC Advisory Partners, which is entitled to a deferred underwriting fee of $9.2million in connection with the Business Combination. In addition to the foregoing, the directors and executive officers of Terra Innovatum, have interests that are different from (and which may conflict with) the interests of GSR III’s shareholders generally. These conflicts of interest include, among other things, the interests listed below: •the fact that the current executive officers will become executive officers of PubCo and will enter into employment agreements at Closing with one of the Terra Entities; •the fact that if the Business Combination fails, Terra Innovatum will lose an opportunity to become a publicly listed company, along with the associated benefits such as improved liquidity, brand visibility, and access to broader investor pools; •the fact that the Business Combination aligns with Terra Innovatum’s long -termvision for expansion, and failure to complete the Business Combination could significantly delay or impair its ability to commercialize the SOLO; •the fact that the executive officers are also significant shareholders of Terra Innovatum and therefore, stand to benefit from the increased valuation following consummation of the Business Combination; •The fact that the executive officers will still continue to control the company post -BusinessCombination which may allow them to make decisions that benefit their personal interests, which may not always align with those of unaffiliated shareholders. Under Cayman Islands law, directors and officers owe the following fiduciary duties: (i)duty to act in good faith in what the director or officer believes to be in the best interests of the company as a whole; (ii)duty to exercise powers for the purposes for which those powers were conferred and not for a collateral purpose; (iii)directors should not improperly fetter the exercise of future discretion; (iv)duty to exercise powers fairly as between different sections of shareholders; (v)duty not to put themselves in a position in which there is a