Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 35

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 statements, at June 30, 2025, we held cash of $1,567,000, current liabilities of $190,000, and deferred underwriting fees payable
of $7,044,000. Further, we expect to incur significant costs in the pursuit of our initial business combination. We cannot assure you
that our plans to complete our initial business combination will be successful.

Results of Operations and Known Trends or Future
Events

We have neither engaged in
any operations nor generated any revenues to date. Our only activities since inception have been organizational activities and those necessary
to prepare for our public offering and, subsequent to the offering, identifying and completing a suitable Business Combination. Following
the offering, we will not generate any operating revenues until after completion of our initial business combination. We will generate
non-operating income in the form of interest income on cash and cash equivalents after the Initial Public Offering. We incur expenses
as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence
expenses. 

General and administrative
costs and loss from operations – For the three and six months ended June 30, 2025, we incurred general and administrative costs
of approximately $269,000 and $536,000, respectively, consisting of costs associated with our public reporting, listing, and insurance
of approximately $143,000 and $325,000, respectively, approximately $120,000 and $160,000 of costs charged by our Sponsor for office space,
utilities and secretarial and administrative support and approximately $37,000 and $0 associated with our search for a business combination.

Other income –
Other income earned during the three and six months ended June 30, 2025 totaled approximately $2,157,000 and $2,817,000, respectively,
primarily resulting from interest earned on the assets in the trust account.

Liquidity and Capital Resources

Our liquidity needs prior
to the completion of the Initial Public Offering were satisfied through (i) $25,000 paid by the sponsor to cover certain of our offering
and formation costs in exchange for the issuance of the founder shares to our sponsor and (ii) loans from our sponsor aggregating approximately
$242,000, all of which was repaid upon closing of the Initial Public Offering.

On March 3, 2025, we consummated
the Initial Public Offering of 20,125,000 Units, which includes the full