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

Company: NewHold Investment Corp. III
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 Account as of the date of the liquidation of the Trust Account, if less than $10.05 per
share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims
by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether
or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Public
Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities
Act”). However, the Company has not asked the Sponsor to reserve for such indemnification obligations, nor has the Company independently
verified whether the Sponsor has sufficient funds to satisfy its indemnity obligations and the Company believes that the Sponsor’s
only assets are securities of the Company. Therefore, the Company cannot assure that the Sponsor would be able to satisfy those obligations.

Liquidity and Capital Resources

As of September 30, 2025, the Company had approximately
$1,389,000 in cash. Further, the Company has incurred and expects to continue to incur significant costs in pursuit of its financing and
acquisition plans. In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards
Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,”
as of September 30, 2025, the Company believes that it has sufficient funds for the working capital needs of the Company until a minimum
of one year from the date of issuance of these condensed financial statements. The Company cannot ensure that its plans to consummate
an initial Business Combination, or to raise additional capital, if necessary, will be successful.

Note 2 — Significant Accounting
Policies

Basis of Presentation

The accompanying unaudited condensed financial
statements of the Company are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted
in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to
Form 10-Q and Article 8 of Regulation S-X promulgated under the Securities Act. Certain information or footnote disclosures normally included
in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted, pursuant to the rules and regulations of
the Securities