Company: NHICW
Filing Date: 2025-01-02
Form Type: S-1
Source: 0001213900-25-000455
Chunk: 203

Company: NewHold Investment Corp. III
Filing Date: 2025-01-02
Form: S-1
Chunk 203
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4, 2020 for 17,250,000 units, with each unit consisting of one share of the Company’s Class A common stock, $0.0001 par value and one -halfof one redeemable warrant, at $10.00 per share, generating gross proceeds of $172,500,000. No extension of SPAC term. Approximately [_]% redemptions in connection with the business combination. Evolv Technologies, Inc .trades on Nasdaq under the symbol “EVLV”, and the price of the common stock has ranged from $[_] to $[_] following consummation of the business combination, with a closing price of $[_] on September30, 2024. • SPAC (NHIC II).SPAC consummated its IPO on October25, 2021 for 17,500,000 units, with each unit consisting of one share of the Company’s Class A common stock, $0.0001 par value and one -halfof one redeemable warrant, at $10.00 per share, generating gross proceeds of $175,000,000. Subsequently, on October26, 2021, the underwriters partially exercised the over -allotmentoption and purchased an additional 1,990,000 units on October29, 2021. No extension of SPAC term. NHIC II was dissolved and liquidated on May8, 2023 because NHIC II was unable to file a registration statement with the SEC in connection with its initial business combination within the time period required by its amended and restated certificate of incorporation. 127 However, in recent years, a number of target businesses have underperformed financially post -businesscombination with a SPAC. As a result, we cannot assure you that we will properly ascertain or assess all of the significant risk factors associated with a target business or that the price of the shares of the combined entity post -businesscombination will increase. Acquisition Process In evaluating a prospective target business, we expect to conduct a due diligence review which may encompass, among other things, meetings with incumbent management and employees, document reviews, interviews of customers and suppliers, inspection of facilities, as applicable, as well as a review of financial, operational, legal and other information about the target and its industry which will be made available to us. If we determine to move forward with a particular target, we will proceed to structure and negotiate the terms of the business combination transaction. The time required to select and evaluate