Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 64

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 64
---
 the provisions of FASB ASC 480.

All Class A ordinary shares are redeemable and
classified as such on the Company’s condensed balance sheets until such time as a redemption event takes place. As of September
30, 2025, the value of Class A ordinary shares that may be redeemed is equal to approximately $10.30 per share (which is the assumed redemption
price) multiplied by 20,125,000 shares of Class A ordinary shares.

The Company recognizes changes immediately as
they occur and adjusts the carrying value of the securities at the end of each reporting period. Increases or decreases in the carrying
amount of redeemable Class A ordinary shares are affected by adjustments to accumulated deficit. Accordingly, as of September 30, 2025,
all of the 20,125,000 public shares were classified outside of permanent equity. Class A ordinary shares subject to possible redemption
consist of the following:

    Dollars  
    Shares 
  
    Gross proceeds of Offering 
    $201,250,000  
     20,125,000 
  
    Less: Offering proceeds allocated to Public Warrants 
     (1,509,000) 
     — 
  
    Offering costs 
     (11,538,000) 
     — 
  
    Plus: Accretion of carrying value to redemption value 
     19,009,000  
     — 
  
    Class A ordinary shares subject to possible redemption as of September 30, 2025 
    $207,212,000  
     20,125,000 

11

Warrant Instruments

The Company accounts for the Warrants issued in
connection with the Public Offering and the private placement in accordance with the guidance contained in FASB ASC Topic 815, “Derivatives
and Hedging”. Accordingly, the Company evaluated and has classified the warrant instruments under equity treatment at their assigned
values. There are an aggregate 10,452,550 Warrants to purchase an aggregate 10,452,550 Class A ordinary shares currently included in the
Units sold in the Public Offering and the Private Placement as of September 30, 2025 (see Notes 4 and 8).

Net Income (Loss) per Ordinary Share

The Company complies with accounting and disclosure
requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per share of ordinary shares is computed by dividing
net income or loss applicable to