Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 39

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 of identifying a target business, undertaking in-depth due diligence
and negotiating an initial business combination are less than the actual amount necessary to do so, we may have insufficient funds available
to operate our business prior to our initial business combination. In order to fund working capital deficiencies or finance transaction
costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers
and directors may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would
repay such loaned amounts. In the event that our initial business combination does not close, we may use amounts held outside the Trust
Account to repay such loaned amounts but no proceeds from our Trust Account would be used for such repayment. Up to $1,500,000 of such
loans may be convertible into private units of the post business combination entity at a price of $10.00 per unit at the option of the
applicable lender. Such units would be identical to the private units. The terms of such loans, if any, have not been determined and no
written agreements exist with respect to such loans. Prior to the completion of our initial business combination, we do not expect to
seek loans from parties other than our sponsor or an affiliate of our sponsor as we do not believe third parties will be willing to loan
such funds and provide a waiver against any and all rights to seek access to funds in our Trust Account.

Moreover, we may need to obtain
additional financing to complete our initial business combination, either because the transaction requires more cash than is available
from the proceeds held in our Trust Account or because we become obligated to redeem a significant number of our public shares upon completion
of the business combination, in which case we may issue additional securities or incur debt in connection with such business combination.
If we raise additional funds through equity or convertible debt issuances, our public shareholders may suffer significant dilution and
these securities could have rights that rank senior to our public shares. If we raise additional funds through the incurrence of indebtedness,
such indebtedness would have rights that are senior to our equity securities and could contain covenants that restrict our operations.
Further, as described above, due to the anti-dilution rights of our founder shares, our public shareholders may incur material dilution.
In addition, we intend to target businesses with enterprise values that are greater than we could acquire with the net proceeds of this
offering and the sale