Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 90

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 90
---
 international trade policies,
tariffs and treaties affecting imports and exports may have a material adverse effect on our search for an initial Business Combination
target or the performance or business prospects of a post-Business Combination company.

There have recently been significant
changes to international trade policies and tariffs affecting imports and exports. Any significant increases in tariffs on goods or materials
or other changes in trade policy could negatively affect our search for a target and/or our ability to complete our initial Business Combination.

Recently, the U.S. has implemented
a range of new tariffs and increases to existing tariffs. In response to the tariffs announced by the U.S., other countries have imposed,
are considering imposing, and may in the future impose new or increased tariffs on certain exports from the United States. There is currently
significant uncertainty about the future relationship between the United States and other countries with respect to trade policies, taxes,
government regulations and tariffs. and we cannot predict whether, and to what extent, current tariffs will continue or trade policies
will change in the future.

Tariffs, or the threat of
tariffs or increased tariffs, could have a significant negative impact on certain businesses (either due to domestic businesses’
reliance on imported goods or dependence on access to foreign markets, or foreign businesses’ reliance on sales into the United
States). In addition, retaliatory tariffs could have a significant negative impact on foreign businesses that rely on imports from the
United States, and domestic businesses that rely on exporting goods internationally. These tariffs and threats of tariffs and other potential
trade policy changes could negatively affect the attractiveness of certain initial Business Combination targets, or lead to material adverse
effects on a post-Business Combination company. Among other things, historical financial performance of companies affected by trade policies
and/or tariffs may not provide useful guidance as to the future performance of such companies, because future financial performance of
those companies may be materially affected by new U.S. tariffs or foreign retaliatory tariffs, or other changes to trade policies. The
business prospects of a particular target for a Business Combination could change even after we enter into a Business Combination agreement,
as a result of tariffs or the threat of tariffs that may have a material impact on that target’s business, and it may be costly
or impractical for us to terminate that Business Combination agreement. These factors could affect our selection of a Business Combination
target. 

25

We may not be able to adequately
address the risks presented by these tariffs or other potential trade policy changes. As a result, we may