Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 17

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
 of September 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 the following:

    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 
     19,009,000  
     — 
  
    Class A ordinary shares subject to possible redemption as of September 30, 2025 
    $207,212,000  
     20,125,000 

11

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 September 30, 2025 (see Notes 4 and 8).

Net Income (Loss) per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) 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 in the Offering and Private Placement to purchase an aggregate of 10,452,550 Class A ordinary shares in the calculation
of diluted income per share, since their inclusion would be anti-dilutive under the treasury stock method and are contingent on future
events. As a result, diluted income per share of Class A ordinary shares is the same as basic income per share of ordinary shares for
the period presented.

The Company