GSR III Acquisition Corp. has provided an update on its planned business combination with Terra Innovatum s.r.l., an Italian limited liability company. According to GSR III, shareholders holding a total of 6,750,031 Class A ordinary shares opted not to redeem their shares by the October 3, 2025 deadline, resulting in approximately $70.1 million remaining in trust. The company estimates that, following the completion of the transaction, the combined entity will have about $112.6 million in available cash, which includes the post-redemption trust proceeds and roughly $42.5 million from private placement and bridge loan financings.
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