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GSR III Acquisition Corp. and Terra Innovatum Announce $37.5 Million Equity Financing and Business Combination Details
GSRT
M&A
New Projects/Investments
- GSR III Acquisition Corp. and Terra Innovatum Srl announced $37.5 million in committed equity financing in connection with their business combination, consisting of approximately $32 million in private investment in public equity (PIPE) capital and $5.5 million from a funded bridge facility that will convert to common equity.
- The proceeds from this financing, along with the SPAC trust (net of redemptions and expenses), will be utilized to support the licensing and construction of Terra Innovatum’s first-of-a-kind SOLO micro-modular reactor.
- An extraordinary general meeting of shareholders to approve the proposed business combination is scheduled for October 7, 2025, at 11:00 a.m. ET. The post-combination company is expected to trade on Nasdaq under the ticker symbol NKLR shortly after the closing.
- The PIPE financing involves the sale of 3,184,000 ordinary shares at a purchase price of $10.00 per share. It also includes Half Warrants to purchase up to 1,592,000 ordinary shares at an exercise price of $12.00 per share and Quarter Warrants to purchase up to 796,000 ordinary shares at an exercise price of $16.00 per share.
Sep 29, 2025, 8:18 PM
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