Company: NHICW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076495
Chunk: 5

Company: NewHold Investment Corp. III
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 Cayman Islands exempted corporation on August 13, 2024. The Company was incorporated for
the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar Business
Combination with one or more businesses (the “Business Combination”).

As of June 30, 2025, the Company had not commenced
any operations. All activity for the period from August 13, 2024 (inception) through June 30, 2025 relates to the Company’s
formation and the Public Offering (as defined below) and, subsequent to the Offering, identifying and completing a suitable Business Combination.
The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest.
The Company will generate non-operating income in the form of interest income on investments from the proceeds derived from the Public
Offering (as defined below). The Company has selected December 31 as its fiscal year end.

All dollar amounts are rounded to the nearest
thousand dollars.

Sponsor and Offering

The Company’s Sponsor is NewHold Industrial
Technology III LLC (the “Sponsor”). The Company intends to finance its Initial Business Combination with proceeds from
the Offering of $201,125,000 of Units (as defined below) (see Note 3) and a private placement of 780,100 of Private Placement
Units (as defined below) for an aggregate of $7,801,000 (see Note 4).

The registration statement for the Company’s
Initial Public Offering was declared effective on February 27, 2025. On March 3, 2025, the Company consummated the Initial Public Offering
(the “Public Offering” or “Offering”) of 20,125,000 units (the “Units” and, with respect to the shares
of Class A ordinary shares included in the Units being offered, the “Public Shares”), including the full exercise of
the underwriters’ overallotment option generating gross proceeds of $201,125,000, which is discussed in Note 3. Simultaneously with
the closing of the Initial Public Offering, the Company consummated the sale of 780,100 Private Placement Units (the “Private Placement
Units”) to the Sponsor at a price of $10.00 per Private Placement Unit, or $7,801,000 in the aggregate, which is described in Note
4. The underwriter had a 45-day