Company: NHICW
Filing Date: 2025-01-17
Form Type: S-1/A
Source: 0001213900-25-004337
Chunk: 272

Company: NewHold Investment Corp. III
Filing Date: 2025-01-17
Form: S-1/A
Chunk 272
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 thereof depending on the extent to which the underwriter’s over -allotmentoption is exercised). The number of founder shares outstanding was determined based on the expectation that the total size of this offering would be a maximum of 20,125,000 units if the underwriters’ over -allotmentoption is exercised in full, and therefore that such founder shares would represent 25% of the outstanding shares after this offering (not including the Class A ordinary shares that are included within the private units). Up to 874,912 of the founder shares will be surrendered for no consideration depending on the extent to which the underwriters’ over -allotmentis exercised. If we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 25% of our issued and outstanding ordinary shares upon the consummation of this offering (not including the Class A ordinary shares that are included within the private units). Our sponsor and BTIG have committed, pursuant to written agreements, to purchase an aggregate of 712,500 private units (778,125 if the underwriters’ over -allotmentoption is exercised in full), each exercisable to purchase one Class A ordinary share at $11.50 per share, at a price of $10.00 per unit, or $7,125,000 in the aggregate ($7,781,250 if the underwriters’ over -allotmentoption is exercised in full), in a private placement that will close simultaneously with the closing of this offering. Of those private units, our sponsor has agreed to purchase 537,500 private units (or 550,625 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 non -managingsponsor investors have indicated an interest to indirectly purchase, through the purchase of non -managingsponsor membership interests, an aggregate of 422,500 private units at a price of $10.00 per unit ($4,225,000 in the aggregate) (or 435,625 private units ($4,356,250 in the aggregate) if the over -allotmentoption is exercised in full