Company: NHICW
Filing Date: 2025-01-17
Form Type: S-1/A
Source: 0001213900-25-004337
Chunk: 343

Company: NewHold Investment Corp. III
Filing Date: 2025-01-17
Form: S-1/A
Chunk 343
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 a trust account located in the United States as described herein and released to the underwriter only upon the consummation of an initial business combination. The deferred underwriting commissions deposited into the trust account will be payable to the underwriter upon the closing of our initial business combination in three portions, as follows: (i) $0.15 per unit sold in this offering shall be paid to the underwriter in cash, (ii) up to $0.10 per unit sold in this offering shall be paid to the underwriter in cash, based on the funds remaining in the trust account after giving effect to public shares that are redeemed in connection with an initial business combination and (iii) $0.10 per unit sold in this offering shall be paid to the underwriter in cash (such aggregate amount, the “Allocable Amount”), provided that, after completion of the offering and the underwriter’s receipt of 100% of the Base Fee, we have the right, in our sole discretion, not to pay all or any portion of the Allocable Amount to the underwriter and to use the Allocable Amount for expenses in connection with our initial business combination. We estimate that our portion of the total expense of this offering payable by us will be $[•], excluding underwriting discounts and commissions. We have agreed to reimburse the underwriters for certain of their accountable and out -of -pocketcosts (including, but not limited to, the expenses of investigations and background checks of our principals (not to exceed $2,500 per person for U.S. individuals and $3,000 per person for non -U.S. individuals)) for this offering up to an aggregate expense allowance of $50,000, which maximum expense allowance shall not include the documented fees of up to $15,000 of the underwriters’ legal counsel to be reimbursed by us. The underwriting agreement provides that following the completion of this offering, the obligations of the underwriters with respect to this offering will be deemed to be satisfied and the underwriters are not bound by any commitment or obligation to offer or sell to the public any of our securities or of any target business in an initial business combination or otherwise solicit holders of our securities or any target business in an initial business combination to approve the business combination. Deferred Underwriting Commissions If we do not complete our initial business combination within the completion window and subsequently liquidate, the trustee and the underwriters have agreed that (i) they will forfeit any rights or claims to their deferred underwriting commissions