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Shareholders of GSR III Acquisition Corp. approved all proposals related to a business combination with Terra Innovatum Global N.V. (NASDAQ:NKLR) at a special meeting held on October 7, 2025, according to a statement filed with the Securities and Exchange Commission.
At the meeting, 18,081,927 shares, representing 61.98% of GSR III’s outstanding ordinary shares as of the record date, were present in person or by proxy, constituting a quorum. Four proposals were put to vote, each receiving majority approval.
The Business Combination Proposal, which authorized and approved the Business Combination Agreement dated April 21, 2025, and the transactions contemplated therein, received 16,388,859 votes in favor, 1,689,883 against, and 3,185 abstentions.
The Merger Proposal, which approved the merger and related plan of merger, received 16,388,969 votes in favor, 1,689,933 against, and 3,025 abstentions.
The Incentive Plan Proposal, which approved the adoption of the Equity Incentive Plan, received 16,020,547 votes in favor, 2,056,155 against, and 5,225 abstentions.
The Adjournment Proposal, which allowed for the adjournment of the meeting if necessary to solicit additional proxies, received 16,389,063 votes in favor, 1,689,984 against, and 2,880 abstentions.
The approval of these proposals allows for the consummation of the business combination between Terra Innovatum Global N.V., a Dutch limited liability company with principal offices in Lucca, Italy, and GSR III Acquisition Corp., a Cayman Islands company. Following the combination, Terra Innovatum Global N.V. ordinary shares continue to be listed on the Nasdaq Stock Market under the ticker symbol NKLR.
This information is based on a press release statement contained in a recent SEC filing.
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