Company: NHICW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110027
Chunk: 6

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---
 
  
    Proceeds from sale of Units 
     201,250,000  
     — 
  
    Proceeds from sale of Private Placement Units 
     7,801,000  
     — 
  
    Payment of underwriting discounts and reimbursements 
     (4,075,000) 
     — 
  
    Payment of offering costs 
     (331,000) 
     — 
  
    Payment of general and administrative expenses through promissory note – related party 
     —  
     14,000 
  
    Payment of general and administrative expenses through issuance of Class B ordinary shares 
     —  
     9,000 
  
    Net cash provided by financing activities 
     204,405,000  
     23,000 
  
    Net change in cash 
     1,334,000  
     — 
  
    Cash – beginning of period 
     55,000  
     — 
  
    Cash – end of period 
    $1,389,000  
    $— 
  
    Supplemental disclosure of noncash activities: 

    Deferred underwriting costs payable 
    $7,044,000  
    $— 
  
    Deferred offering costs included in accounts payable 
    $75,000  
    $— 
  
    Deferred offering costs and general and administrative costs paid by Sponsor in exchange for issuance of Class B ordinary shares 
    $—  
     25,000 
  
    Deferred offering costs included in accrued expenses 
    $—  
     98,000 

The accompanying notes are an integral part of
these unaudited condensed financial statements.

5

NEWHOLD INVESTMENT CORP III
NOTES TO CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2025

(UNAUDITED)

Note 1 — Description of Organization
and Business Operations

Organization and General

NewHold Investment Corp III (the “Company”)
is a blank check company incorporated as a Cayman Islands exempted corporation on August 13, 2024. The Company was incorporated for
the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar Business
Combination with one or more businesses (the “Business Combination”).

As of September 30, 2025,