Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 4

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 III
CONDENSED STATEMENT OF CASH FLOWS
For the six months ended June 30, 2025

(UNAUDITED)

    Cash flows from operating activities 

    Net income 
    $2,281,000 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Income earned on Trust Account 
     (2,798,000)
  
    Changes in operating assets and liabilities: 

    Increase in prepaid expenses 
     (235,000)
  
    Increase in accounts payable 
     19,000 
  
    Increase in accrued expenses 
     96,000 
  
    Net cash used in operating activities 
     (637,000)
  
    Cash used in investing activities 

    Investment of cash into Trust Account 
     (202,256,000)
  
    Net cash from in investing activities 
     (202,256,000)
  
    Cash flows from financing activities 

    Proceeds from Sponsor Note 
     2,000 
  
    Repayment of Sponsor Note 
     (242,000)
  
    Proceeds from sale of Units 
     201,250,000 
  
    Proceeds from sale of Private Placement Units 
     7,801,000 
  
    Payment of underwriting discounts and reimbursements 
     (4,075,000)
  
    Payment of offering costs 
     (331,000)
  
    Net cash provided by financing activities 
     204,405,000 
  
    Net increase in cash 
     1,512,000 
  
    Cash and cash equivalents – beginning of period 
     55,000 
  
    Cash and cash equivalents – end of period 
    $1,567,000 
  
    Supplemental disclosure of noncash activities: 

    Deferred underwriting payable 
    $7,044,000 
  
    Deferred offering costs included in accounts payable 
    $75,000 

The accompanying notes are an integral part of
these unaudited condensed financial statements.

4

NEWHOLD INVESTMENT CORP III
NOTES TO CONDENSED FINANCIAL STATEMENTS
JUNE 30, 2025

(UNAUDITED)

Note 1 — Description of Organization
and Business Operations

Organization and General

NewHold Investment Corp III (the “Company”)
is a blank check company incorporated as a