Company: NHICW
Filing Date: 2025-01-17
Form Type: S-1/A
Source: 0001213900-25-004337
Chunk: 266

Company: NewHold Investment Corp. III
Filing Date: 2025-01-17
Form: S-1/A
Chunk 266
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 -allotmentoption is exercised in full) and BTIG has agreed to purchase 175,000 private units (or 227,500 private units if the over -allotmentoption is exercised in full). The non -managingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of 422,500 private units ($4,225,000 in the aggregate) at a price of $10.00 per unit (or 435,625 private units ($4,356,250 in the aggregate ) if the over -allotmentoption is exercised in full) in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor indirectly purchasing, through non -managingsponsor membership interests, the private units allocated to it in connection with the closing

166 of this offering, the sponsor will issue membership interests at a nominal purchase price to the non -managingsponsor investors reflecting interests in an aggregate of [_] founder shares ([_] founder shares if the over -allotmentoption is exercised in full) held by the sponsor. The private units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private units (including the component securities as well as any securities underlying those component securities) (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (ii) will be entitled to registration rights and (iii) with respect to private warrants comprising part of the private units held by BTIG and/or their designees, will not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). A portion of the purchase price of the private units will be added to the proceeds from this offering to be held in the trust account such that at the time of closing of this offering $175,875,000 (or $202,256,250 if the underwriters exercise their over -allotmentoption in full) will be held in the trust account. If we do not complete our initial business combination within the completion window, the private units will expire worthless. The private units are subject to the transfer restrictions described below. NewHold Industrial Technology III LLC, our sponsor, and our officers and directors are deemed to