Company: NKLR
Filing Date: 2025-05-14
Form Type: S-4
Source: 0001213900-25-043376
Chunk: 7

Company: Terra Innovatum Global N.V.
Filing Date: 2025-05-14
Form: S-4
Chunk 7
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 III’s public shareholders, the GSR III Available Cash is not met or is not waived, then Terra Innovatum may elect not to consummate the Business Combination. In addition, in no event will GSR III redeem its GSR III Class A Ordinary Shares in an amount that would cause its net tangible assets to be less than $5,000,001, as provided in the GSR III amended and restated memorandum and articles of association and as required as a closing condition to each party’s obligation to consummate the Business Combination under the terms of the Business Combination Agreement. Holders of outstanding GSR III Rights do not have redemption rights in connection with the Business Combination. Unless otherwise specified, the information in the accompanying proxy statement/prospectus assumes that none of GSR III’s public shareholders exercise their redemption rights with respect to their GSR III Class A Ordinary Shares. The following table illustrates the estimated ownership levels in PubCo the Sponsor will have immediately following the consummation of the Business Combination under redemption scenarios:

|                                          |     |              Assuming No 
 Redemptions Into Cash(2) |     |           |   |     |             Assuming 50% 
 Redemptions Into Cash(2) |     |           |   |     |         Assuming Maximum 
 Redemptions Into Cash(2) |     |           |   |
|                                          |     |                   Shares |     | Ownership |   |     |                   Shares |     | Ownership |   |     |                   Shares |     | Ownership |   |
| PubCo Ordinary Shares held by Sponsor(1) |     |                5,384,846 |     |      6.70 | % |     |                5,384,846 |     |      7.80 | % |     |                5,384,846 |     |      8.80 | % |

____________ (1)Consists of (i) 4,945,500 GSR III Class B Ordinary Shares held by Sponsor which represents 5,495,000 issued and outstanding GSR III Class B Ordinary Shares held by Sponsor immediately prior to the Closing, excluding 549,500 Vesting Sponsor Shares, subject to the vesting conditions pursuant to the Business Combination Agreement, (ii) 384,428 GSR III Class A Ordinary Shares, (iii) 54,918 Private Placement Rights held by Sponsor which will convert on a one -for-one-basisinto GSR III Class A Ordinary Shares immediately prior to the Closing. (2