Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 84

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 84
---
theTtrust Account will be released until the completion of the Company’s initial business combination or the redemption by the Company
of 100% of the outstanding Class A ordinary shares issued by the Initial Public Offering if the Company does not consummate an initial
business combination within 24 months after the closing of the Initial Public Offering.

As indicated in the accompanying
financial statements, at September 30, 2025, we held cash of $1,389,000, current liabilities of $209,000, 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 nine months ended September 30, 2025, we incurred general and administrative
costs of approximately $262,000 and $797,000, respectively, consisting of costs associated with our public reporting, listing, and insurance
of approximately $122,000 and $377,000, respectively, approximately $120,000 and $280,000 of costs charged by our Sponsor for office space,
utilities and secretarial and administrative support and approximately $20,000 and $140,000 associated with our search for a business
combination.

Other income –
Other income earned during the three and nine months ended September 30, 2025 totaled approximately $2,172,000 and $4,989,000, 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