Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 15

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 shares that may be redeemed is equal to approximately $10.19 per share (which is the assumed redemption
price) multiplied by 20,125,000 shares of Class A ordinary shares.

The Company recognizes changes immediately as
they occur and adjusts the carrying value of the securities at the end of each reporting period. Increases or decreases in the carrying
amount of redeemable Class A ordinary shares are affected by adjustments to accumulated deficit. Accordingly, as of June 30, 2025, all
of the 20,125,000 public shares were classified outside of permanent equity. Class A ordinary shares subject to possible redemption consist
of:

    Dollars  
    Shares 
  
    Gross proceeds of Offering 
    $201,250,000  
     20,125,000 
  
    Less: Offering proceeds allocated to Public Warrants 
     (1,509,000) 
     — 
  
      Offering costs 
     (11,538,000) 
     — 
  
    Plus: Accretion of carrying value to redemption value 
     16,851,000  
     — 
  
    Class A ordinary shares subject to possible redemption as of June 30, 2025 
    $205,054,000  
     20,125,000 

Warrant Instruments

The Company accounts for the Warrants issued in
connection with the Public Offering and the private placement in accordance with the guidance contained in FASB ASC Topic 815, “Derivatives
and Hedging”. Accordingly, the Company evaluated and has classified the warrant instruments under equity treatment at their assigned
values. There are an aggregate 10,452,550 Warrants to purchase an aggregate 10,452,550 Class A ordinary shares currently included in the
Units sold in the Public Offering and the Private Placement as of June 30, 2025 (see Notes 4 and 8).

10

Net Income per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income per share of ordinary shares is computed by dividing
net income or loss applicable to ordinary shareholders by the weighted average number of shares of ordinary shares outstanding during
the period plus, to the extent dilutive, the incremental number of shares of ordinary shares to settle Warrants, as calculated using the
treasury stock method.

The Company has not considered the effect of the
Warrants sold