Company: NHICW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042195
Chunk: 15

Company: NewHold Investment Corp. III
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 number of shares of ordinary shares outstanding during the period plus, to
the extent dilutive, the incremental number of shares of ordinary shares to settle Warrants, as calculated using the treasury stock method.

The Company has not considered the effect of the Warrants sold in the
Offering and Private Placement to purchase an aggregate of 10,452,550 Class A ordinary shares in the calculation of diluted income per
share, since their inclusion would be anti-dilutive under the treasury stock method and are contingent on future events. As a result,
diluted income per share of Class A ordinary shares is the same as basic income per share of ordinary shares for the period presented.

The Company 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 per share of ordinary shares is calculated by dividing the net income 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.

10

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

    Three months ended  March 31,  2025 

    Class A  
    Class B 
  
    Numerator: 

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

    Allocation of income (loss) – 

    Basic and diluted 
    $197,000  
    $196,000 
  
    Denominator: 

    Weighted average shares of ordinary shares: 

    Basic and diluted 
     6,736,068  
     6,707,663 

    Net income (loss) per share of ordinary shares – 

    Basic and diluted 
    $0.03  
    $0.03 

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