Company: NHICW
Filing Date: 2025-02-20
Form Type: S-1/A
Source: 0001213900-25-015373
Chunk: 184

Company: NewHold Investment Corp. III
Filing Date: 2025-02-20
Form: S-1/A
Chunk 184
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552,600 private units if the over -allotmentoption is exercised in full) and BTIG has agreed to purchase 175,000 private units (or 227,500 private units if the over -allotmentoption is exercised in full). The private units will also be worthless if we do not complete our initial business combination. The private units will be identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private units (and the component securities, as well as any securities underlying those component securities) (i) may not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (ii) will be entitled to registration rights and (iii) with respect to private warrants comprising part of the private units held by BTIG and/or their designees, will not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). Twelve institutional investors (none of which are affiliated with any member of our management, our sponsor or any other investor), which we refer to as the “non -managingsponsor investors” throughout this prospectus, have expressed an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of 398,400 private units ($3,984,000 in the aggregate) at a price of $10.00 per unit (or 413,500 private units ($4,135,000 in the aggregate ) if the over -allotmentoption is exercised in full), or approximately 74.1% of the private units (or 74.8% of the private units if the over -allotmentoption is exercised in full) to be purchased by the sponsor, in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor indirectly purchasing, through non -managingsponsor membership interests, the private units allocated to it in connection with the closing of this offering, the sponsor will issue membership interests at a nominal purchase price to the non -managingsponsor investors reflecting interests in an aggregate of 2,876,522 founder shares (or 3,308,000 founder shares if the underwriters’ over -allotmentoption is exercised in full) held by the sponsor. Prior to or in connection with the completion of our