Company: NKLR
Filing Date: 2025-09-11
Form Type: S-4/A
Source: 0001213900-25-086741
Chunk: 426

Company: Terra Innovatum Global N.V.
Filing Date: 2025-09-11
Form: S-4/A
Chunk 426
---
 upon the closing of the GSR III IPO. During the year ended December 31, 2024, the Company borrowed $132,984 under the Note to pay for offering costs, of which $98,228 was settled through risk capital funding and $34,756 was repaid from the proceeds of the GSR III IPO placed in the Trust Account. In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of GSR III’s officers and directors may, but are not obligated to, loan GSR III funds as may be required. If GSR III completes a Business Combination, GSR III may repay the Working Capital Loans out of the proceeds of the Trust Account released to GSR III. Up to $1,500,000 of the Working Capital Loans may be convertible into private placement units at a price of $10.00 per unit at the option of the lender. The Working Capital Loans may be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, GSR III may use a portion of the proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest. 242 Registration Rights Holders of the Founder Shares and Terra Innovatum Quotaholders hold registration rights pursuant to a registration rights agreement. The holders have certain “piggy -back” registration rights with respect to registration statements filed by GSR III subsequent to completion of its initial business combination and rights to require GSR III to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that GSR III will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock up period. GSR III will bear the expenses incurred in connection with the filing of any such registration statements. At the Closing, PubCo will enter into the Registration Rights Agreement, with the Terra Quotaholders and the GSR III Initial Shareholders, which will amend and restate the existing registration rights agreement. Pursuant to the Registration Rights Agreement, the GSR III Initial Shareholders and Terra Quotaholders will be entitled