Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 26

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 In addition, the holders have certain piggyback registration
rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will
bear the expenses incurred in connection with the filing of any such registration statements.

Underwriters’ Agreement

The underwriters had a 45-day option from the
date of the Public Offering to purchase up to an additional 2,625,000 units to cover over-allotments, which option was exercised
in full at closing.

The underwriters were paid a cash underwriting
discount of $4,025,000 in the aggregate including the exercise in full of the underwriters’ over-allotment option) (the “Base
Fee”) as well as reimbursement of $50,000 of expenses, upon the closing of the Public Offering. Additionally, the underwriters will
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 underwriters’ 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 underwriters and to use the Allocable Amount for expenses in connection with the initial
Business Combination. 

16

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.