Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 80

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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ment Corp. II (“NHIC II”), and we may pursue business combination partners that had previously been in discussions with
NHIC I or NHIC II’s management teams. We may pursue an initial business combination in any business or industry. We intend
to effectuate our initial business combination using cash from the proceeds of the Initial Public Offering and the private placement of
the Private Placement Units (as defined below), the proceeds of the sale of our shares in connection with our initial business combination
(pursuant to forward purchase agreements or backstop agreements we may enter into following the consummation of the Initial Public Offering
or otherwise), shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, or a combination
of the foregoing.

On March 3, 2025, the Company
completed (i) its Initial Public Offering of 20,125,000 units (the “Units”) at an offering price of $10.00 per Unit, including
the exercise in full by the underwriter of an option to purchase up to 2,625,000 Units at the offering price to cover over-allotments
and (ii) a private placement of 780,100 Units (the “Private Placement Units”) with NewHold Industrial Technology III LLC and
the underwriter in the Initial Public Offering at a price of $10.00 per Unit (or $7,801,000 in aggregate). Each Unit consists of one Class
A ordinary share, par value $0.0001 per share (the “Class A ordinary shares”), of the Company, and one-half of one redeemable
warrant (each, a “Warrant”) of the Company, with each whole Warrant entitling the holder thereof to purchase one Class A ordinary
share for $11.50 per share.

20

The net proceeds from the
Initial Public Offering, together with certain of the proceeds from the sale of the Private Placement Units, totaling $202,256,000 in
the aggregate, were placed in a trust account with Continental Stock Transfer & Trust Company established for the benefit of the Company’s
public shareholders and the underwriter of the Initial Public Offering. Except for the withdrawal of interest earned on the amounts in
the trust account to fund the Company’s taxes, or upon the redemption by public shareholders of Class A ordinary shares in connection
with certain amendments to the Company’s amended and restated memorandum and articles of association, none of the funds held