Company: NHICW
Filing Date: 2025-01-17
Form Type: S-1/A
Source: 0001213900-25-004337
Chunk: 360

Company: NewHold Investment Corp. III
Filing Date: 2025-01-17
Form: S-1/A
Chunk 360
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 from the proceeds derived from the Proposed Public Offering (as defined below). The Company has selected December 31 as its fiscal year end. All dollar amounts are rounded to the nearest thousand dollars. Sponsor and Proposed Financing The Company’s Sponsor is NewHold Industrial Technology III LLC (the “Sponsor”). The Company’s ability to commence operations is contingent upon obtaining adequate financial resources through a Proposed Public Offering of 17,500,000 units at $10.00 per unit (the “Public Units”) (or 20,125,000 Units if the underwriters’ over -allotmentoption is exercised in full), which is discussed in Note 3 (the “Proposed Public Offering”), and the sale of an aggregate of 712,500 Private Placement Units (the “Private Placement Units”) (or 778,125 Private Placement Units if the over -allotmentoption is exercised in full) to the Sponsor and the underwriters of the Proposed Public Offering, at a price of $10.00 per unit, or $7,125,000 in the aggregate (or $7,781,250 if the over -allotmentoption is exercised in full), in a private placement that will close simultaneously with the Proposed Public Offering. Each Unit consists of one Class A ordinary share and one -halfof one redeemable warrant. Of those 712,500 Private Placement Units, the Sponsor has agreed to purchase 537,500 Private Placement Units (or 550,625 Private Placement Units if the over -allotmentoption is exercised in full) and the underwriters in the Proposed Public Offering have agreed to purchase 175,000 Private Placement Units (or 227,500 private placement units if the over -allotmentoption is exercised in full). Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Proposed Public Offering and the Private Placement Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions). Business Combination and Trust Account The Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust Account) at the time of the signing an agreement to