Company: NHICW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001213900-25-042195
Chunk: 24

Company: NewHold Investment Corp. III
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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be entitled to a deferred underwriting discount of $7,043,750 in the aggregate including the underwriters’ exercise in full of the
over-allotment option, payable to the underwriters only upon the consummation of an initial Business Combination. The deferred underwriting
discount will be payable to the underwriters upon the closing of the initial Business Combination in three portions, as follows: (i) $0.15
per unit sold in the Public Offering shall be paid to the underwriters in cash, (ii) up to $0.10 per unit sold in the Public Offering
shall be paid to the underwriters in cash, based on the funds remaining in the Trust Account after giving effect to Class A ordinary shares
that are redeemed in connection with an initial Business Combination and (iii) $0.10 per unit sold in the Public Offering shall be paid
to the underwriters in cash (such aggregate amount, the “Allocable Amount”), provided that, after completion of the Public
Offering and the underwriter’s receipt of 100% of the Base Fee, the Company has the right, in its sole discretion, not to pay all
or any portion of the Allocable Amount to the underwriter and to use the Allocable Amount for expenses in connection with the initial
Business Combination.

15

Note 8 — Shareholders’
Deficit

Preference Shares 

The Company is authorized to issue a total of
1,000,000 preference shares at par value of $0.0001 each after a share recapitalization in October 2024 that reduced authorize shares
from 5,000,000 shares. At March 3, 2025, there were no preferred shares issued or outstanding.

Class A Ordinary Shares 

The Company is authorized to issue a total of
479,000,000 Class A ordinary shares at par value of $0.0001 each after a share recapitalization in October 2024 that reduced authorized
shares from 500,000,000 shares. At March 31, 2025, there were 780,100 Class A ordinary shares issued and outstanding, excluding 20,125,000
shares that are subject to possible redemption.

Class B Ordinary Shares 

The Company is authorized to issue a total of
20,000,000 Class B ordinary shares at par value of $0.0001 each after a share recapitalization in October 2024 that reduced authorized
shares from