Company: NHICW
Filing Date: 2025-02-20
Form Type: S-1/A
Source: 0001213900-25-015373
Chunk: 145

Company: NewHold Investment Corp. III
Filing Date: 2025-02-20
Form: S-1/A
Chunk 145
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 founder shares only. (3)Initial implied value per public share is defined as the funds available for the initial business combination (assuming the underwriters’ over -allotmentoption is not exercised and following payment of the underwriters’ deferred fee) divided by the public shares issued of 17,500,000 (assuming the underwriters’ over -allotmentoption is not exercised). (4)All founder shares would automatically convert into Class A ordinary shares upon completion of our initial business combination or earlier at the option of the holder. Based on these assumptions, each Class A ordinary share would have an implied value of $7.06 per share upon completion of our initial business combination, representing an approximately 27% decrease from the initial implied value of $9.70 per public share. While the implied value of $7.06 per Class A ordinary share upon completion of our initial business combination would

89 represent a dilution to our public shareholders, this would represent a significant increase in value for our sponsor relative to the price it paid for each founder share. At $10.00 per Class A ordinary share, the 5,832,751 Class A ordinary shares that the sponsor would own upon completion of our initial business combination (after automatic conversion of the 5,832,751 founder shares) would have an aggregate implied value of $58,327,510 ($67,076,630 if the overallotment is exercised in full). As a result, even if the trading price of our Class A ordinary share significantly declines, the value of the founder shares held by our sponsor will be significantly greater than the amount our sponsor paid to purchase such shares. In addition, our sponsor could potentially recoup its entire investment in our company (an aggregate of $5,400,000, consisting of $5,375,000 used for the purchase of the private units and the $25,000 used for the purchase of the founder shares) even if the trading price of our Class A ordinary shares after the initial business combination is as low as $0.93 per share. As a result, our sponsor is likely to earn a substantial profit on its investment in us upon disposition of its Class A ordinary shares even if the trading price of our Class A ordinary shares declines after we complete our initial business combination. Our sponsor may therefore be economically incentivized to complete an initial business combination with a riskier, weaker -performingor less -establishedtarget business than would be the case if our sponsor had paid the same per share price for