Company: NHICW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042195
Chunk: 41

Company: NewHold Investment Corp. III
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 agreement. These factors could affect our selection of a Business Combination target.

We may not be able to adequately address the risks
presented by these tariffs or other potential trade policy changes. As a result, we may deem it costly, impractical or risky to complete
an initial Business Combination with a particular target or with a target in a particular industry or from a particular country. Consequently,
the pool of potential target companies may be reduced, which could impair our ability to identify a suitable target and to complete an
initial Business Combination. If we complete an initial Business Combination with such a target, the post-Business Combination company’s
operations and financial results could be adversely affected as a result of tariffs or changes to trade policies, which may cause the
market value of the securities of the post-Business Combination company to decline.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

On March 3, 2025, we consummated
the Initial Public Offering of 20,125,000 Units, which includes the full exercise by the underwriters of their over-allotment option in
the amount of 2,625,000 Units, at $10.00 per Unit, generating gross proceeds of $201,250,000. The securities sold in the offering were
registered under the Securities Act on registration statement on Form S-1 (No. 333-284114). The SEC declared the registration statement
effective on February 27, 2025.

Simultaneously with the closing
of the Initial Public Offering, we consummated the sale of 780,100 Private Placement Units, at a price of $10.00 per Private Placement
Unit, in a private placement to the Sponsor, generating gross proceeds of $7,801,000. No underwriting discounts or commissions were paid
with respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act.

Of the gross proceeds received
from the Initial Public Offering and the sale of the Private Placement Units, an aggregate of $202,256,000 was placed in the trust account.
The proceeds held in the trust account may be invested by the trustee only in U.S. government securities with a maturity of 185 days or
less or in money market funds investing solely in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7
under the Investment Company Act. The specific investments in