Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 18

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 has two classes of ordinary shares,
which are referred to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata among the two classes
of ordinary shares. Net income (loss) per share of ordinary shares is calculated by dividing the net income (loss) by the weighted average
number of shares of ordinary shares outstanding during the respective period. The changes in redemption value that are accreted to Class
A ordinary shares subject to redemption (see below) are representative of fair value and therefore is not factored into the calculation
of earnings per share.

The following tables reflect the net income (loss)
per share after allocating income between the shares based on outstanding shares:

    Three months ended  September 30,  2025  
    Nine months ended September 30,  2025 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Numerator: 

    Basic and diluted net income (loss) per share of ordinary shares: 

    Allocation of income (loss) – basic and diluted 
    $1,447,000  
    $464,000  
    $2,963,000  
    $1,229,000 
  
    Denominator: 

    Basic and diluted weighted average share of ordinary shares: 
     20,905,100  
     6,707,663  
     16,157,000  
     6,707,663 

    Basic and diluted net income (loss) per share of common share 
    $0.07  
    $0.07  
    $0.18  
    $0.18 

Income Taxes

The Company accounts for income taxes under ASC
Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income
taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets
and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods
in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred
tax assets to the amount expected to be realized.

ASC Topic 740 prescribes a recognition threshold
and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in
a tax return. For those benefits