Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 97

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 97
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Item 2. Management’s Discussion
and Analysis of Financial Condition and Results of Operations

References in this Quarterly
Report on Form 10-Q (the “Quarterly Report”) to “we,” “us” or the “Company” refer to NewHold
Investment Corp III References to our “management” or our “management team” refer to our officers and directors,
and references to the “Sponsor” refer to NewHold Industrial Technology III LLC. The following discussion and analysis of the
Company’s financial condition and results of operations should be read in conjunction with the audited financial statements as of
December 31, 2024 and for the period from August 18, 2024 (inception) to December 31, 2024 included in the Company’s final prospectus
for its initial public offering (the “Initial Public Offering”) filed with the SEC on March 3, 2025 as well as the audited
Closing Balance Sheet as of March 3, 2025 included in the Current Report on Form 8-K filed with the SEC on March 6, 2025.

Certain information contained
in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Special Note Regarding Forward-Looking
Statements

All statements other than
statements of historical fact included in this Quarterly Report including, without limitation, statements under this Item regarding our
financial position, business strategy and the plans and objectives of Management for future operations, are forward-looking statements.
When used in this Quarterly Report, words such as “anticipate,” “believe,” “estimate,” “expect,”
“intend” and similar expressions, as they relate to us or our management, identify forward-looking statements. Such forward-looking
statements are based on the beliefs of our management, as well as assumptions made by, and information currently available to, our management.
Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed
in our filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf
are qualified in their entirety by this paragraph.

The following discussion and
analysis of our financial condition and results of operations should be read in conjunction with the unaudited condensed financial statements
and the notes thereto included in this Quarterly Report under “Item 1. Financial Statements.”

Overview

We are a blank check company
incorporated on August 13, 2024 as a Cay